Questions about Accounting Information System

1) What is AIS and what is its purposes?

2) Write out an example of an AIS and draw a diagram to describe your explanation.
Or, use an analogy to explain AIS and draw a diagram for the analogy.

(While accuracy is appreciated, I greatly appreciate clarity, organization, and neatness)

3) Why is AIS important in accounting?

4) Refer to chapter 2 as well as the PPT slides 5, 6, and 7, they describe the concept of TPS and the three transaction cycles. Please use each to create your own business example to demonstrate your understanding for the three cycles. You can start with the expenditure cycle as shown on figure 2-1. You can use any business to articulate your example. Even though target sells to consumers, they have to buy from their vendors so you can use Target, Starbucks, or any store you are familiar with to make up your own example.

5) In which of the three cycles is internal controls most important? Why?

6) In which of the three cycles is technology most important? Why?

Answer rating: 100% (QA)

1 AIS is an accounting information system Its purpose is to record store and process financial trans... View the full answer