An overview of M.Com Part 2 course of Accounting information system and e commerce of the university of the Punjab Lahore. Introduction to AIS, components, importance and functions of AIS

1. By
Habib Ullah Qamar
MSCS,MBA(HRM)

2. Three major Parts
 AIS
 Accounting Software
 E-commerce

3.  http://www.theITeducation.com/
 http://www.businessdictionary.com/
 Wikipedia.org
 AIS: A managerial Approach by Addy Vassen
 E-Business by Danial Amore

4. AIS: An Overview

5.  Accounting- It is a systematic process of
identifying, recording, measuring, classifying,
verifying, summarizing, interpreting and
communicating financial information. It
reveals profit or loss for a given period, and
the value and nature of a firm's assets,
liabilities and owners' equity.

6.  Information- processed form of data used for
decision making. Information minimizes
uncertainty
 System- A System is a set of two or more
interrelated and dependent components that
interact to each other to achieve a goal. These
components may be referred as a subsystem that
performs a specific function important to and
supportive part of the larger system. For
example, A College has different subsystems like
admission, examination, library, payroll etc.

7.  A combination of hardware, software,
infrastructure and trained personnel
organized to facilitate planning, control,
coordination, and decision making in an
organization.

8.  transaction
processing
systems
 management
information
systems,
 decision support
systems,
 executive
information
systems

9.  The people who operates the system and perform
different functions
 The procedures, both manual and
automated/computerized, used for collecting,
processing and storing data about the organization.
 The data about the organization’s business
processes.
 The software used to process the organization data.
 The information technology infrastructure, including
computers, peripherals devices and Information
communication technology (ICT) devices.

10.  An accounting information system (AIS) is
a system of collecting, storing and processing
financial and accounting data that is used by
[decision maker]]s. An accounting
information system is generally a computer-
based method for tracking accounting activity
in conjunction with information technology
resources.

11.  Collecting and storing data about the business
activities of the process. For example recording
of data when an agent performs participate in
different activities of some events and affects
resourece(s). This will help management,
employees and interested outsiders to review
what had happened.
 Transferring data into information that is
mandatory for decision making that is key
requirement of management to plan, execute and
control activities.
 Provide suitable controls to safeguard the assets
including its data to ensure data is available
when needed and accurate and reliable.

12.  For accomplishment of long run success
 For recording of events provide monitoring of
performance of an organization
 For tracking of effects of events on resources
under control
 For storing information of agents who are
responsible of action taken

13.  AIS : A managerial Approach by Addy Vassen,
Wiley Publications.
 www.Wikipedia.org
 http://www.businessdictionary.com/
 http://theITeducation.com/