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INFORMATION AIS
SYSTEMS
LEARNING OBJECTIVES
1. Explain what an accounting information system (AIS) is.
2. Explain why studying AIS is important.
3. Discuss the role played by the AIS in a companys value
chain and explain how the AIS can add value to a
business.
4. Explain the three basic functions performed by an
accounting information system (AIS).
5. Discuss the types of information that can be provided
by an AIS.
LEARNING OBJECTIVE 1
Production Revenue
Cycle Cycle
LEARNING OBJECTIVE 2
AIS
Information
Technology
LEARNING OBJECTIVE 3
improve efficiency.
Receiving Manufac-
Goods turing
Payroll
Inventory
Accounts
Shipping
Payable
Taxes
Customers Customer
Order
General Fixed
Ledger Assets
Accounts
Receivable Periodic
Statements
MANAGING THE ACCOUNTING
INFORMATION SYSTEMS
Strategic Systems
Operational and
Transaction Processing
System
MANAGING THE ACCOUNTING
INFORMATION SYSTEMS
STRATEGIC SYSTEMS
a. Strategic Planning b. Ratios and Financial Health
c. Merger and Acquisition Analysis
INTERNAL EXTERNAL
ENVIRONMENT TACTIAL SYSTEMS ENVIRONMENT
a. Budgeting Preparation and Control
Top Management IRS
b. Investment Management
Operation/ c. Capital Budgeting d. Cost Analysis and Control Vendors
Production e. Tax Management f. Auditing Clients
Marketing g. Financial Planning Suppliers
HRM Customers
Engineering OPERATIONAL AND Business Partners
TRANSACTION PROCESSING
SYSTEMS
a. The General Ledger b. Sales Order Processing
c. Accounts Payable and Receivable
d. Receiving and Shipping
e. Payroll f. Inventory Management
g. Periodical Reports & Statements
FINANCIAL PLANNING AND BUDGETING
Auditing
Product pricing
THE FUTURE OF AIS
The Internet makes strategy more important than
ever
The important point underlying ERP systems is the
need for and value of cross-functional integration
of financial data and other nonfinancial operating
data.
THANK YOU! VIVEK K. SINGH
WIWECK@GMAIL.COM