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An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
In some related but distinct contexts, the term AAA has been used to refer to protocol-specific information. For example, Diameter uses the URI scheme AAA, which also stands for "Authentication, Authorization and Accounting", as well as the Diameter-based Protocol AAAS, which stands for "Authentication, Authorization and Accounting with Secure Transport". [4]
Financial statements are intended to be understandable by readers who have "a reasonable knowledge of business and economic activities and accounting and who are willing to study the information diligently." [2] Financial statements may be used by users for different purposes:
Management accounting information differs from financial accountancy information in several ways: . while shareholders, creditors, and public regulators use publicly reported financial accountancy, information, only managers within the organization use the normally confidential management accounting information
Providing information to the users for rational decision-making: accounting as a 'language of business' communicates the financial result of an enterprise to various stakeholders by means of financial statements. Accounting aims to meet the financial information needs of the decision-makers and helps them in rational decision-making.
1995: Company reaches one million users. 1996: America Online ditches its original pay-per-hour pay system in favor of a flat, $19.95 monthly fee, effectively beginning the modern internet era.
To prepare users for the change, the AICPA [13] has provided a number of tools and training resources. While the Codification does not change GAAP, it introduces a new structure—one that is organized in an easily accessible, user-friendly online research system.