26-06-2013, 04:47 PM
The Study of Accounting Information Systems
Study of Accounting.ppt (Size: 1.43 MB / Downloads: 19)
What Is Accounting?
Accounting system is used to identify, analyze, measure, record, summarize, and communicate relevant economic information to interested parties.
The purpose of accounting is to measure and report the performance of organizations.
What Is Information System?
An Information system is a framework in which data is collected , processed, controlled and managed through stages in order to provide information to users
Accounting Information Systems are the oldest and most widely used information system in business.
They record and report business transactions and other economic events.
Computer-based AIS record and report the flow of funds through an organization on a historical basis and produce important financial statements such as balance sheets and income statements.
Order Processing System
Order processing is a key element of Order fulfillment. It captures and processes customer orders and produces data for inventory control and accounts receivable.
Order processing operations or facilities are commonly called "distribution centers".
"Order processing" is the term generally used to describe the process or the work flow associated with the picking, packing and delivery of the packed item(s) to a shipping carrier.
Inventory Control System
An inventory control system is a set of hardware and software based tools that automate the process of tracking inventory.
It processes data reflecting changes in inventory and provides shipping and record information.
The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, clothing, books, equipment, and other item that consumers, retailers, or wholesalers may purchase.
Accounts Payable System
Accounts payable is money owed by a business to its suppliers and shown on its Balance Sheet as a liability.
It records purchases from, amounts owed to, and payments to suppliers, and produces cash management reports.
Payables are often categorized as Trade Payables, payables for the purchase of physical goods that are recorded in Inventory, and Expense Payables, payables for the purchase of goods or services that are expensed.
Common examples of Expense Payables are advertising, travel, entertainment, office supplies and utilities.
Accounts Receivable System
Account Receivable is money which is owned to a company by a customer for product and services provided on credit and produces invoices, monthly customer statements and credit management reports.
It is often treated as a current asset on a balance sheet.
Invoice : A bill issued by one who has provided product and services to customer.
The accounts receivable departments use the sales ledger, this is because a sales ledger normally records .- The sales a business has made.- The amount of money received for goods or services.- The amount of money owed at the end of each month varies (debtors).
Study of Accounting.ppt (Size: 1.43 MB / Downloads: 19)
What Is Accounting?
Accounting system is used to identify, analyze, measure, record, summarize, and communicate relevant economic information to interested parties.
The purpose of accounting is to measure and report the performance of organizations.
What Is Information System?
An Information system is a framework in which data is collected , processed, controlled and managed through stages in order to provide information to users
Accounting Information Systems are the oldest and most widely used information system in business.
They record and report business transactions and other economic events.
Computer-based AIS record and report the flow of funds through an organization on a historical basis and produce important financial statements such as balance sheets and income statements.
Order Processing System
Order processing is a key element of Order fulfillment. It captures and processes customer orders and produces data for inventory control and accounts receivable.
Order processing operations or facilities are commonly called "distribution centers".
"Order processing" is the term generally used to describe the process or the work flow associated with the picking, packing and delivery of the packed item(s) to a shipping carrier.
Inventory Control System
An inventory control system is a set of hardware and software based tools that automate the process of tracking inventory.
It processes data reflecting changes in inventory and provides shipping and record information.
The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, clothing, books, equipment, and other item that consumers, retailers, or wholesalers may purchase.
Accounts Payable System
Accounts payable is money owed by a business to its suppliers and shown on its Balance Sheet as a liability.
It records purchases from, amounts owed to, and payments to suppliers, and produces cash management reports.
Payables are often categorized as Trade Payables, payables for the purchase of physical goods that are recorded in Inventory, and Expense Payables, payables for the purchase of goods or services that are expensed.
Common examples of Expense Payables are advertising, travel, entertainment, office supplies and utilities.
Accounts Receivable System
Account Receivable is money which is owned to a company by a customer for product and services provided on credit and produces invoices, monthly customer statements and credit management reports.
It is often treated as a current asset on a balance sheet.
Invoice : A bill issued by one who has provided product and services to customer.
The accounts receivable departments use the sales ledger, this is because a sales ledger normally records .- The sales a business has made.- The amount of money received for goods or services.- The amount of money owed at the end of each month varies (debtors).