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 by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators and tax agencies.
Dear Dr. Karam,
Yes, I do. And as I was Controller of two companies in the last 5 years, I can say that if you have good collection and treatment of data, the AIS is the best tool to Decision Making.
Best.
Hess
Despite the huge amount of information that can be provided by Accounting Information System, the systems implemented do not provide enough information on the activities outsourced or on the market threats or opportunities.
Accounting is the study of finance not ending merely with the receipt & expenditure of the transaction . For any company such money transaction remain in various areas covering capital & revenue expenditure . This data is certainly useful for getting the information & the progressive road of the company .
With this expenditure & income ,capital expenditure is also to be considered ,besides all the accounting record to be examined & verified by C.A who will submit their report by confirming the true picture of the company & if they find any loops holes they make the an a qualified remark in the reports . This information may give the proper information .
This is my personal opinion
A vigilant investor looks down into every possible threat or opportunity.
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