Chapter 1, 2, 3
1. What is an AIS? How AIS can add value to an organization?
Definition: Provide information to the necessary parties for decision making.
AIS can add value to an organization:
Improving the quality and reducing the cost of product and service.
Improve the internal control structure
By providing accurate and timely action
Improved Decision making
Evaluating economic
conditions
Summarize
Classifying
Recording
Identifying economic
events
Providing information to
related parties
