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Which is an information system based on the accounting database of an organization, helping in storage, processing, summarizing & reporting information about a organization.
- a)System software
- b)AIS
- c)MIS
- d)Application software
Correct answer is option 'B'. Can you explain this answer?
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Which is an information system based on the accounting database of an ...
The information system that is based on the accounting database of an organization and helps in storage, processing, summarizing, and reporting information about the organization is called a Management Information System (MIS).
A Management Information System (MIS) is a type of information system that is designed to support the management and decision-making functions of an organization. It is based on the accounting database of the organization and uses this data to generate reports and other information that is useful to management.
An MIS typically includes a variety of software and hardware components, such as databases, servers, and computer applications, that are used to store, process, and analyze data. It may also include interfaces and other tools that enable users to access and interact with the system.
MIS is different from system software and application software, which are types of software that are designed to support the operation of a computer or other device. System software refers to the operating system and other low-level software that is responsible for managing the hardware and software resources of a computer, while application software refers to programs that are designed to perform specific tasks or functions, such as word processors or spreadsheet applications.
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Which is an information system based on the accounting database of an ...
And analysis of financial and accounting data?
The information system based on the accounting database of an organization is called an Accounting Information System (AIS). It is designed to help organizations store, process, summarize, and analyze financial and accounting data. The AIS provides financial information to decision-makers within the organization, such as managers, executives, and auditors. It also helps in managing financial transactions, generating financial reports, and ensuring compliance with accounting standards and regulations.
The information system based on the accounting database of an organization is called an Accounting Information System (AIS). It is designed to help organizations store, process, summarize, and analyze financial and accounting data. The AIS provides financial information to decision-makers within the organization, such as managers, executives, and auditors. It also helps in managing financial transactions, generating financial reports, and ensuring compliance with accounting standards and regulations.
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Which is an information system based on the accounting database of an ...
The correct answer is B) AIS (Accounting Information System).
An AIS (Accounting Information System) is an information system specifically designed to capture, store, process, summarize, and report financial and accounting information within an organization. It focuses on the accounting database and supports various accounting functions and processes. Here are the key points explaining why AIS is the correct answer:
1. Accounting Database: AIS is based on the accounting database of an organization. It captures and stores financial transactions and other relevant data necessary for accounting purposes.
2. Storage: AIS provides a structured framework for storing accounting data. It ensures the proper organization and maintenance of financial information, including records of assets, liabilities, revenues, expenses, and other financial transactions.
3. Processing: AIS processes the accounting data through various accounting modules and subsystems. It applies accounting principles, calculations, and rules to transform raw data into meaningful financial information.
4. Summarizing: AIS summarizes the processed data into useful reports and statements. It generates financial statements like the balance sheet, income statement, and cash flow statement, providing a consolidated view of the organization's financial position and performance.
5. Reporting: AIS facilitates the reporting of financial information to internal and external stakeholders. It generates financial reports that comply with accounting standards and regulations, allowing management, shareholders, investors, and regulatory bodies to make informed decisions.
Option A) System software refers to the underlying software components and programs that provide a platform for running application software and manage the operations of a computer system. While system software is essential for the functioning of the computer system, it is not directly related to the storage, processing, summarizing, and reporting of accounting information.
Option C) MIS (Management Information System) is a broader concept that encompasses various information systems, including AIS. While MIS provides information for effective management, AIS specifically focuses on accounting information and its related processes.
Option D) Application software refers to software programs designed to perform specific tasks or applications. While application software can contribute to the overall information system of an organization, it does not specifically focus on the accounting database and processes.
Therefore, the correct answer is B) AIS, as it is an information system based on the accounting database of an organization, supporting storage, processing, summarizing, and reporting of information about the organization's financial activities.
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Which is an information system based on the accounting database of an organization, helping in storage, processing, summarizing & reporting information about a organization.a)System softwareb)AISc)MISd)Application softwareCorrect answer is option 'B'. Can you explain this answer?
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