what is accounting information systems course outline

by Florence Christiansen IV 3 min read

Accounting information systems students typically complete a diverse curriculum that consists of core requirements, electives, internships, and capstone projects. Core courses typically cover accounting basics, like auditing, cost accounting, and taxation.

Full Answer

What is the accounting information system course about?

The Accounting Information Systems course provides the deep background needed to gain proficiency in this area. In addition, there is significant treatment of the many controls integrated into accounting systems. Finally, the course describes the key events in the process of developing and installing a new system.

What are the different types of Accounting Information Systems?

Nov 03, 2021 · Accounting information systems students typically complete a diverse curriculum that consists of core requirements, electives, internships, and capstone projects. Core courses typically cover accounting basics, like auditing, cost accounting, and taxation.

Do accounting degrees cover information systems?

Nov 05, 2021 · The purpose of an accounting information system (AIS) is to collect, store, and process financial and accounting data and produce informational reports that managers or other interested parties can use to make business decisions. Although an AIS can be a manual system, today most accounting information systems are computer-based.

What are the chapters in Accounting Information Systems?

Mar 16, 2018 · An AIS (accounting information system) is a computer system used to process accounting data. Companies of all sizes use these systems to store and record financial transactions. AIS professionals...

What is accounting information systems course?

ACCOUNTING INFORMATION SYSTEMS (BME-213214)

The course provides students with the knowledge and skills needed to function within cutting edge accounting information systems that integrate information technology and software in the transactions control procedures and financial reporting cycles.

What are the five 5 basic components of an accounting information system?

There are five main components in an accounting system. Each part has a different job and accomplishes different step in the financial reporting process. The five components are source documents, input devices, information processors, information storage, and output devices.

What are the 6 basic parts of an accounting information system?

So, we find that accounting information systems commonly formed of six main elements: people, instructions and procedures, software, data, information technology infrastructure and internal controls [12] [13] [14] .

What are the 3 main activities of an accounting information system?

Importance of the Accounting Cycle

The accounting information system serves three basic functions: to collect and process data, to provide information to decision-makers within the organization and to see that accounting personnel records information accurately and protects the data.
Sep 26, 2017

What are the 4 types of accounting information?

These four branches include corporate, public, government, and forensic accounting.

What are the 4 function of accounting information system?

An accounting information system (AIS) is used by companies to collect, store, manage, process, retrieve, and report financial data. AIS can be used by accountants, consultants, business analysts, managers, chief financial officers, auditors, and regulators.

What are the subsystems of accounting information system?

Typically an AIS is composed of three major subsystems: (1) Transaction Processing System (TPS) that supports daily business operations; (2) General Ledger System and Financial Reporting System (GLS/FRS) and (3) the Management Reporting System (MRS) [2].

What are the examples of accounting information system?

FreshBooks - Software for Accounting Information System

An ideal example is FreshBooks. This specific Accounting Information System (AIS) is built on Cloud infrastructure. Furthermore, it is an accounting system for small businesses.

What are the types of accounting information systems?

An accounting information system comes in three types – Manual, Legacy and Modern/Integrated systems.
  • Manual systems are primarily used by smaller organisations where the entire system is manual, with no technological integration. ...
  • Legacy systems have been prevalent before the advent of high-end technology.
Jun 8, 2021

What is the importance of studying accounting information system?

Why study Accounting - Accounting Information Systems? Accountants provide the information necessary to determine and evaluate the long term and short term financial stability of companies, organization or individuals.

What is importance of accounting information system?

AIS ensures the highest level of accuracy with the company's financial transactions and record-keeping. It also allows specific employees to access the information they need while limiting sensitive information to others and protecting the overall security of company data.Jul 2, 2021

What are the benefits of accounting information system?

Benefits of Accounting Information Systems (AIS)
  • Automation. An AIS eliminates the manual processing of data. ...
  • Accuracy. ...
  • Data Security. ...
  • Speed. ...
  • Cost-effective. ...
  • Functionality. ...
  • User-Friendly. ...
  • Scalability.
Oct 13, 2020

Why is accounting information systems important?

Employers need strong technology to support their financial systems. By focusing on accounting information systems, prospective employees offer emp...

What are the advantages of accounting information system degrees?

With a degree in accounting information systems, graduates demonstrate expertise in both technology and accounting, qualifying them for a variety o...

How do accountants use information systems?

Accountants use information systems to input data, keep track of client information, and perform in-depth financial assessments.

What do you learn in accounting information systems programs?

Accounting information systems degree programs prepare students to understand the basics of accounting and support employers through programming, d...

Can you get an accounting information systems degree online?

Yes, many schools offer online accounting information systems programs. The degree is particularly suited to online work, given that accounting pro...

What is accounting information system?

An accounting information system is a way of tracking all accounting and business activity for a company. Accounting information systems generally consist of six primary components: people, procedures and instructions, data, software, information technology infrastructure, and internal controls. Below is a breakdown of each component in detail.

What are the components of an AIS system?

The six components of an AIS all work together to help key employees collect, store, manage, process, retrieve, and report their financial data. Having a well-developed and maintained accounting information system that is efficient and accurate is an indispensable component of a successful business.

What is information technology infrastructure?

Information technology infrastructure is just a fancy name for the hardware used to operate the accounting information system. Most of these hardware items a business would need to have anyway and can include the following:

What is an AIS?

An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial data so it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies .

What is an AIS system?

An accounting information system (AIS) is used by companies to collect, store, manage, process, retrieve, and report financial data. AIS can be used by accountants, consultants, business analysts, managers, chief financial officers, auditors, and regulators. An AIS helps the different departments within a company work together.

What is inventory order?

The inventory order notifies the accounting department of a new payable. When sales are made in a business, the people and departments involved in the sales process could include the following: Salespeople enter the customer orders into the AIS. Accounting bills or sends an invoice to the customer.

What is AIS in management?

Management uses AIS to create sales reports and perform cost analysis, which can include inventory , shipping, and manufacturing costs. With a well-designed AIS, everyone within an organization can access the same system and retrieve the same information.

What are the parts of an accounting system?

An accounting information system typically has six basic parts: 1 People who use the system, including accountants, managers, and business analysts 2 Procedure and instructions are the ways that data are collected, stored, retrieved, and processed 3 Data including all the information that goes into an AIS 4 Software consists of computer programs used for processing data 5 Information technology infrastructure includes all the hardware used to operate the AIS 6 Internal controls are the security measures used to protect data

What is procedure and instructions?

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. ...

Frequently Asked Questions

Liberty’s B.S. in AIS program provides a firm foundation in accounting practices and information technology (IT) resources. Additionally, our courses seek to hone your leadership skills.

What Will You Learn in Our Accounting Information Systems Courses?

Develop the technical, management, and accounting skills needed to launch your AIS career.

What is an AIS system?

An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report information to investors, creditors, and tax authorities.

What is AIS in accounting?

An AIS combines traditional accounting practices, such as the use of Generally Accepted Accounting Principles (GAAP), with modern information technology resources.

What is accounting information system?

An accounting information system strives to interface across multiple departments. Within the system, the sales department can upload the sales budget. This information is used by the inventory management team to conduct inventory counts and purchase materials. Upon the purchase of inventory, the system can notify the accounts payable department of the new invoice. An AIS can also share information about a new order so that the manufacturing, shipping, and customer service departments are aware of the sale.

Who is Alicia Tuovila?

Alicia Tuovila is a certified public accountant with 7+ years of experience in financial accounting, with expertise in budget preparation, month and year-end closing, financial statement preparation and review, and financial analysis.

Who is Janet Berry Johnson?

She is an expert in personal finance and taxes, and earned her Master of Science in Accounting at University of Central Florida. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes about income taxes and small business accounting.

What is an AIS report?

An AIS produces reports including accounts receivable aging reports based on customer information, depreciation schedules for fixed assets, and trial balances for financial reporting. Customer lists, taxation calculations, and inventory levels may also be reproduced.

What are the requirements for a computer science degree?

To obtain this degree, students must typically complete courses on accounting and auditing theory and practice, as well as courses on computer and information technologies. These technology courses also cover programming and design. Courses on data analytics, information research, and related topics are common requirements. Other typical courses for this degree include: 1 Accounting I & II 2 Information Technology Auditing 3 Information Systems Design 4 Computer Forensics

What is the purpose of an accounting degree?

While most general accounting degrees include the basic study of information systems in accounting, this degree program specifically emphasizes how to implement information systems to make the work of accountants as efficient and streamlined as possible.

What is the degree in accounting?

While most general accounting degrees include the basic study of information systems in accounting, this degree program specifically emphasizes how to implement information systems to make the work of accountants as efficient and streamlined as possible. This degree can be attained at the associate’s, bachelor’s, master’s, and PhD levels.

How many people does Thomson Reuters employ?

With headquarters in New York, Thomson Reuters employs some 60,000 individuals worldwide, including accountants and auditors with degrees in Accounting Information Systems. Thomson Reuters is almost always looking for qualified professionals with this experience to join its team.

What is information technology?

Information technology provides the tools that enable all organizational personnel to solve increasingly complex problems and to capitalize on opportunities that contribute to the success of the organization. Introduction to Business Information Technology is based on the fundamental premise that the major role of information technology (IT) ...

What is the role of information technology in business?

Introduction to Business Information Technology is based on the fundamental premise that the major role of information technology (IT) is to support organizational personnel, regardless of their functional area or level in the organization.

What are the barriers to taking online courses?

One of the greatest barriers to taking an online course is a lack of basic computer literacy. By computer literacy we mean being able to manage and organize computer files efficiently, and learning to use your computer's operating system and software quickly and easily.

What are the expectations for online courses?

Expectations for performance in an online course are the same as for a traditional course; in fact, online courses require a degree of self-motivation, self-discipline, and technology skills that can make them more demanding for some students. COURSE DETAIL. Course Communication.

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Understanding Accounting Information Systems

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An accounting information system is a way of tracking all accounting and business activity for a company. Accounting information systems generally consist of six primary components: people, procedures and instructions, data, software, information technology infrastructure, and internal controls. Below is a breakdow…
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AIS People

  • The people in an AIS are the system users. An AIS helps the different departments within a company work together. Professionals who may need to use an organization's AIS include: 1. Accountants 2. Consultants 3. Business analysts 4. Managers 5. Chief financial officers 6. Auditors For example, management can establish sales goals for which staff can then order the …
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Procedures and Instructions

  • The procedure and instructions of an AIS are the methods it uses for collecting, storing, retrieving, and processing data. These methods are both manual and automated. The data can come from both internal sources (e.g., employees) and external sources (e.g., customers' online orders). Procedures and instructions will be coded into the AIS software. However, the procedures and in…
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AIS Data

  • An AIS must have a database structure to store information, such as structured query language (SQL), which is a computer language commonly used for databases. SQL allows the data that's in the AIS to be manipulated and retrieved for reporting purposes.4The AIS will also need various input screens for the different types of system users and data entry, as well as different output f…
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AIS Software

  • The software component of an AIS is the computer programs used to store, retrieve, process, and analyze the company's financial data. Before there were computers, an AIS was a manual, paper-based system, but today, most companies are using computer software as the basis of the AIS. Small businesses might use Intuit's Quickbooks or Sage's Sage 50 Accounting, but there are oth…
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It Infrastructure

  • Information technology infrastructure is just a fancy name for the hardware used to operate the accounting information system. Most of these hardware items a business would need to have anyway and can include the following: 1. Computers 2. Mobile devices 3. Servers 4. Printers 5. Surge protectors 6. Routers 7. Storage media 8. A back-up power supply In addition to cost, fact…
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Internal Controls

  • The internal controls of an AIS are the security measures it contains to protect sensitive data. These can be as simple as passwords or as complex as biometric identification. Biometric security protocols might include storing human characteristics that don't change over time, such as fingerprints, voice, and facial recognition. An AIS must have internal controls to protect again…
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Real World Examples of Accounting Information Systems

  • A well-designed AIS allows a business to run smoothly on a day-to-day basis while a poorly designed AIS can hinder its operation. The third use for an AIS is that, when a business is in trouble, the data in its AIS can be used to uncover the story of what went wrong. The cases of WorldCom and Lehman Brothersprovide two examples.
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The Bottom Line

  • The six components of an AIS all work together to help key employeescollect, store, manage, process, retrieve, and report their financial data. Having a well-developed and maintained accounting information system that is efficient and accurate is an indispensable component of a successful business.
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