How We Can Help You with Accounting Information System Assignment

How We Can Help You with Accounting Information System Assignment

An accounting information system (AIS) is a system that collects stores and processes financial and accounting data for an organization so that it can be used by accountants, managers, executives and others. Generally an accounting information system is a computer-based method for tracking accounting activity that works in conjunction with information technology resources. All accounting functions and activities including auditing, financial accounting and reporting and tax accounting among others are supported by the accounting information system design.

Accounting information systems have three basic functions:

  1. The collection and storage of data related to the financial activities of an organization including obtaining the financial transaction data from source documents, recording these transactions in journals, and posting data from journals to ledgers in an efficient manner.
  2. Provide useful information for decision making including financial statements and reports
  3. Ensure controls are in place so that data is accurately recorded and processed.

An accounting information system test or forensic accounting report will likely require knowledge of accounting and also an understanding of the technology that is used in the system.

Elements to consider in an accounting information system assignment

Accounting information systems are made up of six different components:

  1. People: The people in an accounting information system are those who use the system and may include accountants, consultants, business analysts, managers, chief financial officers and auditors. Well-designed systems should meet the needs of the people who will be using it to make a company operate more efficiently.
  2. Procedure and Instructions: These are the methods an AIS uses for collecting, storing, retrieving and processing data and are both manual and automated. Procedures and instructions will be coded into AIS software and taught to employees through documentation and training.
  3. Data: All the financial information relevant a company’s business practices. The data will depend on the type of business and may include sales orders, billing statements, purchase requisitions, sales analysis reports, vendor invoices, inventory data, payroll information, and tax information among other things.
  4. Software: The computer programs used to store, process, retrieve and analyze the company’s financial data. AIS software programs can be customized to meet the specific needs of different types of businesses.
  5. Information Technology Infrastructure: The hardware used to operate the accounting information system.
  6. Internal Controls: The AIS internal controls are the security measures it contains to protect sensitive data. An AIS need to protect against unauthorized computer access and to limit access to authorized users to the appropriate level. Internal controls should also provide protection from computer viruses, hackers and other threats to network security as well as from natural disasters and power surges that can cause data loss.

If you are having difficulty with AIS assignments or just need test preparation help our service can assist you. Whether you need accounting information systems solutions to assigned problems or tutoring to explain aspects you don’t understand our accounting homework service is well qualified to provide any assistance you need.

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How We Can Help You with Accounting Information System Assignment
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