ACC 200 Accounting Systems
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The ACC 200 Accounting Systems is an introductory information system designed to familiarize students with a computer-based accounting information system (AIS). Students should develop practical skills in using AIS and understand the scope and types of different AIS. This section also covers information management and business processes and their impact on the reporting of accounting information.
The accounting system allows companies to track all types of financial transactions including purchases (expenses), sales (invoices and income), liabilities (cash, payables), etc., and can also create comprehensive statistical reports that provide management functions or stakeholders. Provide a clear set of data to aid the decision making process.
Today, companies' systems are usually automated and computer-based, using specialized software and/or cloud services. Historically, however, the accounting system is a series of complex manual calculations and balances.
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