Question

accounting information system. what cycles are and how they work.

Answer 1

Accounting information system comprises of three things :-

1. Accounting

2. Information

3. System

Basically it is system that identifies, collect , process , record and communicates accounting information using technologies.

Accounting information system provides financial information to external and internal users.

Accounting information system is part of Management information system.

MIS provides both financial and non financial information whereas AIS provides financial information only.

I hope this clarifies your question. Pls rate and comment in case of any query.