7150AFE - Accounting Information Systems

Subject 7150AFE - Accounting Information Systems investigates the relationship between accounting and technology and the impact this has on the operations of a business. The system is also covered by the students such as components, internal controls, database applications and the part of ERP systems in the enhancement of finance reporting together with the decision making.

Sample Questions and Answers

Q1. What are the key components of an Accounting Information System (AIS)?
A: The main components are people, procedures, data, software, information technology infrastructure, and internal controls. Together, they collect, process, and report financial information efficiently and accurately.

Q2. How do internal controls within AIS help prevent fraud and errors?
A: Internal controls ensure data integrity by implementing authorization checks, access restrictions, and audit trails. These measures reduce the risk of fraud, misstatements, and data manipulation.