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AIS Module 1

This document outlines the first module of the Accounting Information System course at Mary the Queen College, focusing on the overview of information systems from an accountant's perspective. It covers the objectives of recognizing information flows, differentiating between financial and non-financial transactions, and understanding accounting versus management information systems. The content includes the roles of different management levels, the goals of information systems, and the framework of accounting information systems, including transaction processing and reporting systems.

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32 views3 pages

AIS Module 1

This document outlines the first module of the Accounting Information System course at Mary the Queen College, focusing on the overview of information systems from an accountant's perspective. It covers the objectives of recognizing information flows, differentiating between financial and non-financial transactions, and understanding accounting versus management information systems. The content includes the roles of different management levels, the goals of information systems, and the framework of accounting information systems, including transaction processing and reporting systems.

Uploaded by

joshuuamd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Mary the Queen College (Pampanga), Inc.

JASA, San Matias, Guagua, Pampanga

College of Accountancy

Subject Code: AIS Module No.1/Title: 1 – Overview of


Accounting Information System

Subject Description: Accounting Information System Period of Coverage: Week 1

Introduction: The Information System: An Accountant’s Perspective

Objectives:
1. Recognize the primary information flows within the business environment.
2. Understand the difference between financial transactions and non-financial transactions.
3. Understand the difference between accounting information systems and management information
systems.

Content:
The Information Environment
 Information is a business resource.
 Operations management directly responsible for controlling day-to-day operations.
 Middle management accountable for short-term planning and coordinating activities to
accomplish organizational objectives.
 Top management responsible for longer-term planning and setting organizational objectives.
 Two groups of external users: trading partners and stakeholders.

Information Objectives
 The goal of an information system is to support:
 The firm’s day to day operations.
 Management decision making.
 The stewardship function of management.

An Information Systems Framework

 The information system is the set of formal procedures by which data are collected, processed into
information, and distributed to users.
 A transaction is an event that affects or is of interest to the organization and is processed by its
information system as a unit of work.
 A financial transaction is an economic event that affect the assets and equities of the organization, is
reflected in its accounts and is measured in monetary terms.
 A nonfinancial transaction is an event that doesn’t meet the definition of a financial transaction.

An Information Systems Framework

 Accounting information system (AIS) processes financial and some nonfinancial transactions.
Three subsections:
 The transaction processing system (TPS) which supports daily business operations.
 The general ledger/financial reporting system (GL/FRS) which produces reports.
 The management reporting system (MRS) which provides information for decision
making.

 Management information system (MIS) processes nonfinancial transactions not processed by the
AIS.

Evaluation: Class discussions and activity

References: Accounting Information System by James A. Hall

Next Lesson: The Information System: An Accountant’s Perspective continuation

Prepared by: Ma. Socorro M Sunglao,CPA Checked by: William I. Asenci, Approved by: Lanie M. Galvan,
MBA - BSA CPA MBA, Dean, College of PhD (VPAA)
Accountancy

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