Question: Accounting information systems are designed to collect and process transaction data and communicate financial information to concerned parties. The design of different types of accounting

Accounting information systems are designed to collect and process transaction data and communicate financial information to concerned parties. The design of different types of accounting information systems varies significantly. Several factors influence the design of these systems, such as the size and type of business, the volume of data, the kind of data management needs, and other factors.

Why is information technology (IT) important to accounting information systems (AIS), and why do you, as an accountant, need to know about this technology?
Discuss 3 broad categories of AIS.
List and discuss at least 3 fundamental principles of AIS.

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