Question

Select one new trend in the field of accounting information systems that you think it is important. Why do you think this is important? How does it relate to AISs?

Answer 1

The functions of accounting information system include efficient collection data related to business transactions and secure storage and retrieval of this data so that the users of this financial information can make informed choices. The new trend in the field of accounting information system is the increased use of cloud computing. The increased use is due to the fact that it promotes efficiency and productivity through integration of various departments and therefore facilitates collaboration across multiple locations. Cloud computing helps in reducing the capital investments associated with IT infrastructure and cost of its maintenance. Increased data protection as data is saved in a cloud instead of in one physical location. Cloud computing is related to accounting information systems in the sense that instead of storing the business information in the local servers of an organization, it would be stored in the cloud.