An
accounting information system (
AIS) is a system of collecting, storing and processing financial and
accounting data that is used by
decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial
reports can be used internally by management or externally by other interested parties including
investors,
creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including
auditing,
financial accounting & reporting, managerial/
management accounting and
tax. The most widely adopted accounting information systems are auditing and financial reporting modules.