Accounting and Information Systems Where the Chart did I put that? - - PowerPoint PPT Presentation

Accounting and Information Systems

Where the Chart did I put that? Reporting today and tomorrow

Accounting and Information systems – should that be Accounting information Systems?

• What is it - An accounting

information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used

What did we do before?

• Entry to post –
• We sold $500 dollars of widgets on credit with net 30 terms to a customer.

Parts of an Accounting information System

• People who use the system, including accountants, managers, and

business analysts – who else?

• Procedure and instructions are the ways that data are collected,

stored, retrieved, and processed

• Data including all the information that goes into an AIS
• Software consists of computer programs used for processing data
• Information technology infrastructure includes all the hardware used

to operate the AIS

• Internal controls are the security measures used to protect data –

electronic and human

Data including all the information that goes into an AIS

• Users?
• Usefulness
• Are you an Accountant or an Analyst?
• Structure
• Future
• BIG Data?

What do we do with this data?

Challenges for Accounting Information Systems

Resources

• https://www.wsj.com/articles/stop-using-excel-finance-chiefs-tell-

staffs-1511346601

• https://www.icas.com/ca-today-news/the-end-of-the-accounting-

profession-as-we-know-it

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