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Accounting and Information systems – should that be Accounting information Systems?
• What is it - An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used
What did we do before?
• Entry to post –
• We sold $500 dollars of widgets on credit with net 30 terms to a customer.
Parts of an Accounting information System
• People who use the system, including accountants, managers, and business analysts – who else?
• Procedure and instructions are the ways that data are collected, stored, retrieved, and processed
• Data including all the information that goes into an AIS
• Software consists of computer programs used for processing data
• Information technology infrastructure includes all the hardware used to operate the AIS
• Internal controls are the security measures used to protect data –electronic and human
Data including all the information that goes into an AIS
• Users?
• Usefulness
• Are you an Accountant or an Analyst?
• Structure
• Future
•BIG Data?
Resources
• https://www.wsj.com/articles/stop-using-excel-finance-chiefs-tell-staffs-1511346601
• https://www.icas.com/ca-today-news/the-end-of-the-accounting-profession-as-we-know-it