Accounting Information System Essay

574 words - 3 pages

Data is unprocessed information, the fact that is still raw. It has no meaning by itself. Data can be in any form, for examples numbers, words, and pictures. However, some data can be useable or not at all.
Information is data that has been processed and given meaning. This information can be very useful in some case, but can also be useless for others. Usually information provides answers to “who, what, where, when, and how” questions. Information is also easier to remember than data which is still very wide and irregular.
Most of the people are using information to make a decision and plan what to do next. So we must make sure that the information we provide meet the requirements and have the desirable qualities in it. The desirable qualities are the minimum standard to be included in the process of producing good information. The information ...view middle of the document...

The point is, we need a system to reach our goals, and achieve what we want to achieve.
Accounting system is a system which process both qualitative and quantitative data, but this system focuses mostly on the process of quantitative data. The accounting system is part of the organization’s information system. This system keeps records of the business activities, specifically all the business transactions including purchasing, production, sales, and other financial activities. A good accounting system makes it possible for manager to make a right and accurate decisions, also planning the next step.
For example, a manager who has a sufficient information about their accounts payable and receivable, will be able to decides when the credit from the suppliers should be paid, which suppliers will be paid first, how much they must collect from customers, which customers are potentially being bad debts, and so on.
Input is any entry of the data. The data entry could be things going in and out of the organization. This imputation can be things like the price of materials, quantity of purchase, when the materials were received, payment to suppliers, cash collected from customers, paid other expenses (rent, wages, etc) and so on. Anything that can be quantified coming into or going out from the organization and recorded, are considered as an input for the system.
Processing is an activity of using the data that has been input to the system, and then reconstruct the data so it become meaningful and can be understand by users. The data should also be organized properly to provide a well - presented information.
Been through two procedures, the final result is the output. The output is the result of the data which has been processed. Usually this is the well presented report, and all the information given is clear. This report will then be use by whether internal or external users. The decision making is usually based on the information provided in the report.

Other assignments on Accounting Information System

Financial Statements Essay

1525 words - 7 pages exclude quoted exclude bibliography exclude small matches [pic]download print mode: [pic] 14% match (Internet from 10/10/10) Financial Statements Leslie Johnson January 31, 2010 ACC/280 Principles of Accounting Accounting is an information system that identifies, records, and communicates the economic events of an organization to

Mangement Accounting Essay

1595 words - 7 pages Introduction Managerial accounting is concerned with providing information to managers- that is, to those who are inside an organization and who direct and control its operations. Managerial accounting can be contrasted with financial accounting, which is concerned with providing information to stockholders, creditors and others who are outside an organization (Garrison and Noreen, 1999). Managerial accounting information includes

Manufacturing Accounting

1479 words - 6 pages manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Riordan Accounting System Each Riordan location has separate, customized financial and accounting and those systems are costly and complicated to customize, update and test. The systems were not meant to work together and as a result they have compatibility and don’t function properly. Modern financial software is more


926 words - 4 pages , documentation techniques, infrastructure for e-business, security and control measures in computer based information system 2. Acquire knowledge and skill on internal control structure 3. Acquire knowledge of accounting software 3. LEARNING OUTCOMES Upon completion of the course, students are able to 1. Explain the AIS concept, components and functions to the organizations. (C2, A3, P2). 2

Computer Information System Brief

1150 words - 5 pages Computer Information System Brief University of Phoenix Accounting Information Systems ACC 542 Jan 28, 2012 Computer Information System Brief Kudler Fine Foods a premier gourmet grocery store is considering the best methods to integrate technology into its business operations. Kudler currently has three store locations in southern California and is considering adding a fourth store in Carlsbad (Kudler Fine Foods Virtual Organization

Automation Process Of Ais

839 words - 4 pages Kudler Fine Foods Automation Process of Accounting Information System ACC/542 Accounting Information Systems March 27, 2012 Kudler Fine Foods Accounting Information Systems Kudler Fine Foods (Kudler) is an upscale specialty food store chain in the San Diego, CA area. It was established in 1998 by its current owner Kathy Kudler, and since has expanded to three locations, all focused on providing the best quality bakery

Information Systems Proposal

776 words - 4 pages service for their consumer market. The business success only if the consumer knows there is such services available for them. Information system help bringing the buyer and service provider together. Information system also helps in other factor like financial, accounting, logistics, payroll, and human resources. The table below is a highlight the information system that can be beneficial for the business. * Type of System | * Function

Financial Statements

1502 words - 7 pages Accounting and Financial Statements Vern Rennier Upper Iowa University Accounting and Financial Statements In this essay I am going to explain and identify external users of accounting information and give detail on the main characteristics and how these characteristics and the conceptual framework develop the benefits of financial statements for external users. Financial accounting includes information distributed to external users

Accounting Timeline

1525 words - 7 pages primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public’s interest. The FASB replaced the Committee in Accounting Procedure and the Accounting Principles Board of the AICPA. The FASB’s mission is to establish and improve financial standards of accounting and reporting for the guidance and education of the public, including users, auditors, and users of financial information


4883 words - 20 pages . Accounting Theory: An Information Content Perspective. New York, NY: McGraw-Hill. Cooper, W. W., and Y. Ijiri. (eds.) 1983. Kohler’s Dictionary for Accountants, 6th Edition. Englewood Cliffs, NJ: Prentice-Hall. Dopuch, N., and S. Sunder. 1980. FASB’s statements on objectives and elements of financial accounting: A review. The Accounting Review 55 (1): 1–22. Financial Accounting Standards Board (FASB). 2008. Discussion Paper: Preliminary Views on


281 words - 2 pages correctly, accounting for over 100 Marines. U. S. Marine Corps Jacksonville, NC Administrative Clerk 09/2003-4/2007 Duties Included, but not limited to: answering a multi-line phone system, filing, updating personnel information, ensuring everyone was paid correctly, accounting for over 1200 Marines. Work Experience: OfficeMax, Inc Sales Specialist Duties included, but not limited to: Opening the store, Closing the store, Ensuring nightly

Similar Documents

Curriculum Essay

951 words - 4 pages information using the computerized program of accounting. Computerized programs are designed to make no errors in any of the entry which means the financial data are accurate. Efficiency goes through the roof when a computerized system is used. * DATA In the situation concerning data computerized accounting is the better than the manual accounting system. According to computer program, data or information of accounting can be store either

My Life Essay

1113 words - 5 pages provide information to the decision of strategic management accounting, emphasize the shareholders of the actual profit economic value evaluation, outstanding cost drivers in decision making and homework assignments management system and management to the comprehensive enterprise performance evaluation of the balanced scorecard, etc. The management of accounting method in breaking the original management accounting framework system, and formed a

Gasb And Fasb Analysis

653 words - 3 pages differences among the two standards boards. In addition, the assessment will depict by which the modified accrual basis of accounting divaricates from full accrual accounting. The GASB aims to formulate and enhance principles of state and local governmental accounting and monetary reporting. Thus will bring about beneficial information of financial documents for users as well as lead and teach the civic, which comprises issuers, auditors, and

Information Systems And Software Applications Essay

328 words - 2 pages Software Applications and Information Systems Introduction A software application and an information system are vital for any company to manage its business. An unbelievable amount of information and procedures that is made within a company, both the application and system relieves a company of a huge amount of paperwork. By acquiring a software application the accounting, marketing, and human resources department can keep track of many