Personnel working in the financial services division of a company need to understand and be able to explain principles of accounting and financial systems (Accounting and Financial Information SystemsAIS and FIS). What are accounting and financial information management systems and how do they assist business operations? (250280 words)

The answer was this below

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Accounting and financial information management system :

Accounting is an information system which collects , stores, and processes all kinds of financial services and tracks all the accounting that should be used in decision making or f the business . The accounting information system includes : Manual system : legacy system : modern integrated system . The financial management system includes : Management of expense; complete audit ; managing the budget etc . How they assist business operations : A well formed financial information system is the backbone of any successful business . The managers use the information to make the decision about how the organisation is running . Though software works properly to tackle all forms of calculations of financial and accounting system , still profound knowledge is imperative to get proper analysis.

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