Foundational Concepts of the AIS

Accounting Information System (AIS) a system that captures, records, processes, and reports accounting information. Business Process – a prescribed sequence of work steps completed in order to produce a desired result. Accounting information system is normally the computer-based method for monitoring accounting activity jointly with technology methods. The producing statistical accounts can be used internally by means of management or maybe externally by means of other interested parties including buyers, creditors as well as tax authorities.