Question: Information is data that have been organized and processed to provide meaning and context that can improve the decision-making process. As a rule, users make

 "Information is data that have been organized and processed to provide

"Information is data that have been organized and processed to provide meaning and context that can improve the decision-making process. As a rule, users make better decisions as the quantity and quality of information increase. All organizations need information in order to make effective decisions. In addition, all organizations have certain business processes in which they are continuously engaged. A business process is a set of related, coordinated, and structured activities and tasks that are performed by a person, a computer, or a machine, and that help accomplish a specific organizational goal. To make effective decisions, organizations must decide what decisions they need to make, what information they need to make the decisions, and how to gather and process the data needed to produce the information" Source: ROMNEY, M. B. & STEINBART, P.J. 2020. Accounting Information Systems, Global Edition, Pearson Education Limited. REQUIRED: a. Briefly explain with relevant example any FOUR possible ways on how an Accounting Information Systems (AIS) could add value to an organization? (8 marks) b. List any FOUR components of an AIS. (2 marks) 2

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