An accounting information system (AIS) collects, stores, and processes financial and accounting data that can be used by decision makers. Think about a business transaction you have been involved in.   Describe the business transaction you have experienced, then address these three questions:  What specific information was collected and stored? How do you think the information might have been processed? How do you think that information might have been useful to decision makers?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 4EA: Discuss what information would be most useful for these users of accounting information: Management...
icon
Related questions
Question
100%

An accounting information system (AIS) collects, stores, and processes financial and accounting data that can be used by decision makers. Think about a business transaction you have been involved in.  

Describe the business transaction you have experienced, then address these three questions: 

  • What specific information was collected and stored?
  • How do you think the information might have been processed?
  • How do you think that information might have been useful to decision makers? 
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College