An accounting information system $($AIS$)$ processes

to provide users with

data; information

data; transactions

data; benefits

information; data

Question $2$

Transaction cycles can be summarized on a high level as "give$-$get" transactions. An example of "give$-$get" in the finance cycle would

be

give cash, get cash

give cash, get goods

give cash, get labor

give goods, get cash