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Accounting Information System Essay

997 Words4 Pages

Accounting Information System (AIS) is a system that collects, records, stores, and processes data to produce information for decision makers and this includes people, procedures and instructions, data, information, software, internal controls, technology infrastructure and security measures (Romney & Steinbart, 2015). Accounting information system provides added value to Public Bank Berhad because the information and technology system facilitates and enables smooth flow of information between internal users and external users in various business transactions. The AIS software used by Public Bank Berhad is IBM. It allows all the information of customers from the branches to flow to the headquarter. The headquarter will then keep and monitor all the transactions and records.

Besides, accounting information system also helps to record event processing that consists of transactions occurred. Complicated procedures are simplified and therefore Public Bank Berhad’s operation process is improved. Besides minimising costs, accounting information …show more content…

Public Bank is a well-established bank that provides integrated financial services in Asian countries. They had taken strategic initiatives to keep up with the current e-commerce and technology market. They offer online banking services which you can check your accounts and do business transactions online through computers, laptops and smartphones at anywhere and anytime.
In conclusion, Accounting Information System (AIS) brings many benefits and added-values to Public Bank Berhad. AIS has helped in increasing the effectiveness and efficiency of the bank’s operation. A good and proper database system makes the business flow process smooth and fast. The company’s board of directors also use AIS to aid in decision-making processes. Therefore, AIS certainly is important for helping Public Bank Berhad to expand its business

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