ACCOUNTING INFORMATION SYSTEMS

In descriptoration and story Functions What is the function of coeval accountants? What is an account statement randomness strategy (AIS)? Changes in technology have altered the part of accountants. Traditionally, AIS has had its own set of specialised functions and has relied on its own devices, such(prenominal) as journals and ledgers, and its own procedures, double-entry bookkeeping. chronicle developed, maintained, and operated the AIS independently of otherwise demarcation functions. Accountants were narrowly foc engagementd on the take and validity of pecuniary knowledge. at a time they argon information services specialists and bloodline consultants. Traditional View of Accounting Traditional functions of an AIS accommodate recording, storing, processing, and account monetary information and link non-financial information (for example, buy dates and depreciation methods for fixed assets). Traditionally news report has foc calld on periodic, historical, and aggregated data, primarily in the form of financial statements. It has been restrict mostly to financial transactions. Accounting schemas ar self-contained and standardized. Accounting information is restricted to stewardship and analysis purposes that use the financial accounting model. accent mark is on objectivity and dependability of information. Accounting is stray from other business functions; the accountant plays the intent of scorekeeper. Transition to Computers The original use of ready reckoners in accounting focused on automating the record-keeping function. Manual books were replaced by computer books.

The automated clays kept up(p) the analogous functions, predilection toward the accounting cycle, and retained an emphasis on financial statements as in the handed-down view. Computers made accounting functions faster, less(prenominal) expensive, and more accurate. Database Accounting Systems Under a database system, accounting is part of the forethought information system. The system aims to sire all aspects of economic events germane(predicate) to decision makers. The orientation is toward decision making, not just financial statements. The emphasis is on relevancy and timeliness. Transactions and financial statements are part of the system products, If you insufficiency to get a replete essay, order it on our website: Ordercustompaper.com

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