Essay On The History Of Accounting Information System
An information system is a organised and formal process of collecting,, processing, storing and communication the data into information, and distributing this information to the concerned/ interested users. The data could be texts or numbers. An accounting information system (AIS) record and process financial data and prepare meaningful reports that interested parties of a business organisation can use to make business decisions based on these reports.However, skilled and experienced accounts are very crucial for an accurate and reliable reports. The accounting system was founded thousand of years ago. Traditionally, an accounting information system was purely a manual system. All information were physically collect and record in record books such as ledgers. The manual approach of accounting system was not only time consuming and tiring but also less reliable. It required double checking and re- evaluate. Hence the manual approach is considered as ineffective and inefficient. However by the year 1400s, the Italian friar luca pacioli also known as the father of accounting, for describing the structure of the double entry bookkeeping system. He was also known for stating the golden Rule of accounting: “Do not go to the bed before the debits equal the credits” By the year, 1880's, the first ever accounting system machine was introduced by Herman …show more content…
Modern organization will fail to make decisions when there is absence of effective accounting information systems. Therefore, accounting information systems will enable in providing information that modern organization can use to make proper and sound decision. Moreover, it is varying from one accounting profession to another. This shows that accounting information systems should support all accounting profession to play the role of supporter and enabler of effective
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