Advantages of accounting information system as per dk goel book
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To summarize, the main benefits of having an effective AIS system are:
Increased automation - more consistent output and fewer resource (people) needs
Better information - this is important for strategic decision-making
Faster turnaround times - this is important for compliance filing as well as management reporting. For the latter, stale data is not helpful in making strategic decisions.
Connectivity & flexibility - this allows for increased automation, greater flexibility in data gathering and reporting and the ability to connect financial and non-financial data
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