Accounting Management Information System A. Introduction about Accounting Management Information System.

Accounting management information system is the practical application of management techniques with the help of computers and networks which includes planning, implementation, control and analysis to provide financial reporting for decision making purposes at real time. Again accounting management information system is a system of collection, storage, retrieval, indexing, searching and processing of financial and accounting data. It can also be described as a computer based method for tracking accounting activity in conjunction with information technology resources.

B. Need of Information System for Accounting Management.

Information systems are vital in modern accounting management because of the necessity for real time access of accurate data, at the same time it allows to manage, store, retrieve, communicate, share and interpret huge amount of information. The need can be further explained belowReal time availabilityHighly accurate information

C. Users, Entities and Business processes in Accounting Management IS.

1. User- The following list consists of the probable users in the accounting management IS: a. Customer b. Accountant c. Cashier d. Management Executives e. Third party merchants f. Investor g. Creditor h. Consultants

i. j. k. l. m. n.

Analysts Vendors Sales representatives Suppliers Customer care executives Government/Tax authorities

2. Entities- The following list consists of the probable entities in the accounting management IS: a. b. c. d. e. f. g. h. i. j. k. Cash Inventory Sales orders Customer billing statements Sales analysis reports Purchase requisitions Vendor invoices Check registers General ledger Payroll information Tax information

3. Business processes- The following list consists of the probable entities in the accounting management IS: a. Customer registration b. Account registration c. Cash deposit d. Cash withdrawal e. Purchases f. Sales g. Funds transfer

D. Draw flow chart for at least two business processes [Marks 5] E. Mention various information systems that your project contains (e.g-TPS, MIS, DSS etc.).Describes their input, process and output relevant to project.[Marks.5]