Question

5. Explain accounting as a system of information. Enlist the parties that are interested
in the accounting information.​

Answer 1

Answer:

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Explanation:

An accounting as an 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.

There are several parties interested in the information produced by the accounting department. These include the share holders, board of directors, government agencies (SEC, IRS, FTC, etc), stock traders, and analysts.

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