A system is a group of integrated parts that have the common purpose of achieving some objectives.
Information system consists of network of all communication channels used within an organisation.
It combines people, hardware, software and processes. Information system is an integrated set of components for collecting, storing, processing, and communicating information.
Information technology is dedicated to provide users with the services necessary to achieve the ultimate goals. Information technology has a lot of advantages like it has made globlisation possible, a lot of new jobs are created, communication has become easy, etc.
Transaction processing system processes data transactions in database system. Process of TPS includes data collection, data editing, data manipulation, data storage, output generation and query report.
Computerised accounting system implies that various stages of accounting process – recording, classification and summarising are done with the help of computers. It has far superior features as compared to manual accounting in terms of speed, generation of reports etc.
Accounting software is application software that records and processes accounting transactions within functional modules.
Types of accounting software are readymade software, customised software and tailor made software.
Accounting information system consists of people, procedure, data, technology and control.
Characteristics of AIS include collection of resources, transformation of data, generation of reports, historical in nature etc.
Scope of AIS includes sales order processing, inventory control, record of accounts receivables, payroll, general ledger etc.
It is connected to different departments like human resources, marketing and manufacturing department.
Management Information system is a planned system of collecting, processing, storing and disseminating data in the form of information required to carry out the functions of management.
MIS is a system or process that provides the information necessary to manage an organisation effectively.
Every accounting system is a part of accounting information system which in turn is a part of organisation’s management information system.
Accounting reports are reports generated by computers. Silent features of accounting report include relevant to user, timely presentation, accurate, complete, summarisation etc.
Types of accounting reports are creditors report, customer report, exception report, responsibility report, etc.
There are different steps in designing an accounting report.