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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.
Resources, events, agents (REA) is a model of how an accounting system can be re-engineered for the computer age.REA was originally proposed in 1982 by William E. McCarthy as a generalized accounting model, [1] and contained the concepts of resources, events and agents (McCarthy 1982).
generating analysis account trial balance or consolidated analysis account trial balance generating user-defined financial and management reports In general the Record to Report function is not engaged in processing transactions, but rather the aggregation of existing data in computer systems to enable meaningful performance reporting to be ...
Operational reporting is intended to provide a granular, real-time, view of the immediate situation. This is distinct from analytical reporting, which is used for longer-term, predictive use-cases. Operational reporting is repetitive, done frequently, and typically involves numerous simple manual steps.
A ratio's values may be distorted as account balances change from the beginning to the end of an accounting period. Use average values for such accounts whenever possible. Financial ratios are no more objective than the accounting methods employed. Changes in accounting policies or choices can yield drastically different ratio values. [6]
Financial statement analysis (or just financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement , balance sheet , statement of cash flows , notes to accounts and a statement of changes in equity (if ...
Reporting on an examination of controls at a service organization relevant to user entities' internal control over financial reporting (SOC1), January 1, 2017: 44-01: 1973: Accounting for retail land sales full-text: 45-01: 1973: Accounting for profit recognition on sales of real estate full-text: 45-02: 1979
Like other forms of technical documentation, good user documentation benefits from an organized process of development. In the case of user documentation, the process as it commonly occurs in industry consists of five steps: [5] User analysis, the basic research phase of the process. [6] Planning, or the actual documentation phase. [7]