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In a few sentences, explain the role of data and databases in modern accounting information systems.

In a few sentences, explain the role of data and databases in modern accounting information systems.

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Databases help accounting systems manipulate and analyze historical data. They store large amounts of data pertaining to transactions. They can also hold a million records of customers.

The information supplied by the accounting information system has an important role in basing the decisions on, inside or outside of the enterprise. ... The data-processing system is responsible for acquiring, coding, storing, processing and forwarding the information necessary for the activity and operation.

An accounting information system (AIS) is used by companies to collect, store, manage, process, retrieve, and report financial data.

AIS can be used by accountants, consultants, business analysts, managers, chief financial officers, auditors, and regulators.

An AIS helps the different departments within a company work together.

An effective AIS uses hardware and software to effectively store and retrieve data.

The internal and external controls of an AIS are critical to protecting a company's sensitive data.

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