Accounting Information Systems (AIS)
An AIS collects, records, and stores accounting information to report financial and nonfinancial data to decision-makers. It is often a key module within a larger Enterprise Resource Planning (ERP) system and is composed of several crucial subsystems. Click each subsystem to learn more.
Core AIS Subsystems
Transaction Processing System (TPS)
Financial Reporting System (FRS)
Management Reporting System (MRS)
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The description of the selected subsystem will appear here.
The AIS Audit Trail
A well-designed AIS creates a traceable path from source documents to financial reports, and vice-versa.
Transaction Cycles
An AIS organizes business activities into transaction cycles. Each cycle represents a core function within the accounting department, from generating revenue to managing payroll. Click an icon to explore the key AIS functions for that cycle.
Explore the Cycles
Revenue
Purchasing
HR & Payroll
Production
General Ledger
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A summary of the key AIS functions for the selected cycle will appear here.
IT-Driven Process Improvement
Organizations continuously improve their processes using technology. These improvements range from broad strategies like automation and outsourcing to specific technologies that are transforming how work gets done.
Automation
Using computer programs to perform repetitive, rule-based tasks, freeing up human resources for more complex work.
Shared Services
Consolidating redundant services (like HR or payroll) from multiple divisions into one centralized, shared function to reduce costs.
Outsourcing
Contracting services, such as a call center or tax compliance, to an external provider for efficiency and expertise.
Robotic Process Automation (RPA)
Software "robots" that mimic human interaction with user interfaces to perform clerical tasks like data entry or moving files.
Natural Language Processing (NLP)
Technology that can interpret human language, enabling tasks like voice commands or extracting financial data from text documents.
Neural Networks
Technology modeled after the human brain that can "learn" from data. Used for complex tasks like fraud detection.
COSO Framework & Blockchain
The COSO Internal Control Framework provides principles for managing risk. Applying this framework to emerging technologies like blockchain is crucial for maintaining control in a decentralized environment. Click a component to see how it applies.
Applying COSO's 5 Components to Blockchain
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A summary of how the selected component applies to blockchain technology will appear here.
