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Describe the basic elements of a financial accounting information system.

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Describe the basic elements of a financial accounting information system.

Financial Accounting Information System

The financial accounting information system is a computer based tool used to gather and analyzing financial and accounting data for decision-making. The information in an accounting system might be used by auditors, business analyst, consultants, tax agencies and Chief Financial officers among others.

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There are six basic elements of financial accounting information system and that are as follows:

  • People: System users in the financial accounting...

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Accounting Information System: Types, Uses & Examples

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Chapter 1 / Lesson 11
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Discover what an accounting information system is and its uses. Know the different types of accounting information systems and how they differ from one another.


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