Accounting › Section F · Accounting information systems › Topic F.1
Components of an accounting information system
Every invoice, receipt and payslip has to travel from the moment something happens to a line in the financial statements. An accounting information system is the route it takes, and knowing its parts tells you where errors start and where they can be stopped.
In this topic
- What an accounting information system does
- Input, processing, output and storage
- Source documents: the evidence for every entry
- Input devices and input controls
- Processing: from data to records
- Output and storage
- Worked example: tracing one credit sale
- Worked example: sorting the parts of a clinic's system
- From small systems to enterprise systems
- Common mistakes to avoid
- Key takeaways
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