Search results
Results From The WOW.Com Content Network
An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [ 1][ 2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and ...
Resources, events, agents ( REA) is a model of how an accounting system can be re-engineered for the computer age. REA was originally proposed in 1982 by William E. McCarthy as a generalized accounting model [1], and contained the concepts of resources, events and agents (McCarthy 1982). REA is a standard approach in teaching accounting ...
An information system ( IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. [ 1] From a sociotechnical perspective, information systems comprise four components: task, people, structure (or roles), and technology. [ 2] Information systems can be defined as an integration of ...
Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depend on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and ...
A management information system (MIS) is an information system [ 1] used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. [ 2] In other words, management accounting helps the directors inside an organization to make decisions. This can also be known as Cost Accounting.
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.