Lecture 1 accounting information system, an overview

Lecture 1Accounting Information System & e-commerce

ByHabib Ullah Qamar

MSCS,MBA(HRM)

Three major Parts

AIS Accounting Software E-commerce

Introduction to course

http://www.theITeducation.com/ http://www.businessdictionary.com/ Wikipedia.org AIS: A managerial Approach by Addy Vassen E-Business by Danial Amore

Recommended Books / Resources

Lets StartAIS: An Overview

Accounting- It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.

Introduction

Information- processed form of data used for decision making. Information minimizes uncertainty

System- A System is a set of two or more interrelated and dependent components that interact to each other to achieve a goal. These components may be referred as a subsystem that performs a specific function important to and supportive part of the larger system. For example, A College has different subsystems like admission, examination, library, payroll etc.

Introduction

A combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization.

Information System

transaction processing systems 

management information systems, 

decision support systems,

executive information systems

Types of Information System

The people who operates the system and perform different functions

The procedures, both manual and automated/computerized, used for collecting, processing and storing data about the organization.

The data about the organization’s business processes.

The software used to process the organization data. The information technology infrastructure,

including computers, peripherals devices and Information communication technology (ICT) devices.

Components of an Accounting Information System (AIS)

An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that is used by [decision maker]]s. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.

Accounting Information System (AIS)

Collecting and storing data about the business activities of the process. For example recording of data when an agent performs participate in different activities of some events and affects resourece(s). This will help management, employees and interested outsiders to review what had happened.

Transferring data into information that is mandatory for decision making that is key requirement of management to plan, execute and control activities.

Provide suitable controls to safeguard the assets including its data to ensure data is available when needed and accurate and reliable.

Functions of AIS

For accomplishment of long run success For recording of events provide monitoring

of performance of an organization For tracking of effects of events on

resources under control For storing information of agents who are

responsible of action taken

Why AIS is essential

AIS : A managerial Approach by Addy Vassen, Wiley Publications.

www.Wikipedia.org http://www.businessdictionary.com/ http://theITeducation.com/

Resources