Accounting Systems

 

Accounting Systems are composed of six main components:

 

People:      Users who operate on the systems

 

Procedures and Instructions:      Processes involved in collecting, managing and storing the data 

 

Data:      Data that is related to the organization and its business processes

 

Software:      Application that processes the data

 

Information Technology Infrastructure:      The actual physical devices and systems that allows the AIS to operate and perform its functions

 

Internal Controls and Security Measures:      What is implemented to safeguard the data