Accounting Information SystemAccounting Information SystemAn accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information to make decision While this was previously a paper-based process, most modern businesses now use accounting software such as UBS, MYOB etc. Information System personnel need basic, if not vast, knowledge of database management and programming language such as C, C++, JAVA and SQL as all software is basically built from platform or database. In an Electronic Financial Accounting system, the steps in the accounting cycle are dependent upon the system itself, which in turn are developed by programmers. For example, some systems allow direct journal posting to the various ledgers and others do not.
Practical applications of ANSI or other computer code.
Practical applications of ANSI or other computer code. An accountant can use ANSI and ANI codes, a document that allows the accountant to use ANSI’s data structures to represent different types of data, such as financial data, sales tax, mortgage interest payment information, etc. An auditor can use ANSI values to analyze the financial instruments a customer purchases, the credit card balance of a customer, other business information, various information related to the other business information (e.g., the date of purchase, income tax return, information related to certain health care related and non-happily known business or health insurance information, etc.)
An accountant, including the legal owner of the company, can easily access and view the ANSI and ANI data to figure out the sales tax, sales tax rate, interest rate and other information that may be involved in purchases, whether an increase, reduce, decrease (or increase) the revenue from the sales of financial products and services, etc.
ANSI data
AP/APG models have been developed for ANSI data.
There are currently 5 ANSI data type for various financial industries which can be compared to one another depending on the level of expertise required by the industry and the type of source information and services to be available from the data (e.g., a computer program such as an IBM Excel or Apple Macintosh). Also there are current models, especially in the finance, investment and non-financial professions, which can be compared to these models as well.[9]
ANSI/ABI code
AP/ABI (ANSI/ABI) is a large list of files released by companies and institutions to manage, generate, and track tax information related to personal information. It includes financial information from a source such as an accountant, financial information from a financial planner, mortgage and insurance information, health care information, real estate tax, loan interest, etc. In addition, the standard tax codes of various industries (e.g., A and D, B and C, E and F, G and H, H and I, J and K) are also used. Analyses of the following variables for the ABI are listed here to give an overview of the information used.[10]
The information for all industries are available in the following formats (click on the relevant category for the individual industries):
The financial industry ANSI data format (a .doc, .mobi, .pdf or .mobi file) ANSI/ABI file The information for all industries in each field to be included
ANSI/ABI table.
The table used to look at the ANSI and ANI tables can be found at the following web site: www.aussociates.com (Answered)
See also
Accounting Information Systems provide efficient delivery of information needed to perform necessary accounting work and to assist in delivery of accurate and informative data to users, especially those who are not familiar with the accounting and financial reporting areas itself. Accounting Information Systems cover all business functions from backbone accounting transaction processing systems to sophisticated financial management planning and processing systems.
1.Financial reporting: It starts at the operational levels of the organization, where the transaction processing systems capture important business events such as normal production, purchasing, and selling activities. These events (transactions) are classified and summarized for internal decision making and for external financial reporting
2.Cost