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What is AIS or Accounting Information Systems?
The term Accounting Information System or what we call AIS as an acronym is simply a fancy name given to the use of computer software programs for collecting, organizing, storing, analyzing and processing various data required for performing various tasks related to managing finance and accounting of a business organization. Accounting is also known as bookkeeping because in the past accountant used books for maintaining and keeping a record of the financial transactions however with the advent of technology the industries and companies are now using information systems for accounting purposes.
It is more efficient and less time consuming and gives the accountants a lot of tools that helps them in keeping the accounting data organized in a systematic manner. The accounting information systems support a wide variety of operations and functions related to financial accounting, auditing, and financial analysis. It helps in generating various reports with ease which can be used for showing the performance of the business to the investors or stakeholders or can be used by the management for decision making. Overall it is a very useful thing and our accounting assignment help service is going to help you learn about this subject in a detailed manner.
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