An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial data. It combines traditional accounting practices with modern information technology resources.
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AIS supports decision-making by providing timely and accurate financial information.
Components of AIS include people, procedures and instructions, data, software, IT infrastructure, and internal controls.
Key functions of an AIS are data collection and processing, financial reporting, and safeguarding assets.
AIS can be customized to fit the specific needs of different types of businesses or industries.
Professionals with expertise in both accounting and information systems have career opportunities in roles like systems auditor, financial analyst, and IT consultant.