ACCOUNTING INFORMATION SYSTEMS

Information and story Functions What is the function of contemporary accountants? What is an account fiscal statement information strategy (AIS)? Changes in technology have neutered the role of accountants. Traditionally, AIS has had its sustain set of specific functions and has relied on its own devices, such as journals and ledgers, and its own procedures, double-entry bookkeeping. accounting system developed, maintained, and operated the AIS independently of separate business functions. Accountants were narrowly foc engagementd on the production and validity of fiscal information. at a time they argon information run specialists and business consultants. Traditional View of history Traditional functions of an AIS suit recording, storing, processing, and reporting financial information and related non-financial information (for example, acquire dates and depreciation methods for fixed assets). Traditionally history has focused on periodic, historical, and aggregat ed data, primarily in the form of financial statements. It has been rebound largely to financial transactions. Accounting schemas are self-contained and standardized. Accounting information is restricted to stewardship and analysis decisions that use the financial accounting model. Emphasis is on objectivity and reliability of information. Accounting is wheel from other business functions; the accountant plays the role of scorekeeper. Transition to Computers The headmaster use of computers in accounting focused on automating the record-keeping function. manual(a) books were replaced by computer books.

The automated clays retained the same functions, idea toward the accounting! cycle, and retained an emphasis on financial statements as in the traditional view. Computers made accounting functions faster, less expensive, and more(prenominal) accurate. Database Accounting Systems Under a database system, accounting is part of the focusing information system. The system aims to capture all aspects of economic events pertinent to decision makers. The orientation is toward decision making, not just financial statements. The emphasis is on relevance and timeliness. Transactions and financial statements are part of the system products, If you want to get a expert essay, order it on our website: BestEssayCheap.com

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