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

• Discuss three broad categories of AIS.
• List and discuss at least three fundamental principles of AIS.