Accounting Cycle Description Essay Example | Topics and Well Written Essays - 500 words

Accounting Cycle Description - Essay ExampleThe AIS or the accounting cultivation dust using upd deep down the organization must be well equipped to understand the uncommon requirements of the tax income cycle which puts an overall effect on the generated revenues through production and etc.The maintenance of the revenue cycle is a complex procedure, because of which getting complete repayment of your cash is not possible with customary techniques. In order to collect 100% out of revenue cycle an organization must use an integrated accounting information system that effectively includes people, m mavintary processes, and technology. The benefits of integrated revenue cycle helps in maintaining internal controls (misappropriation etc.). Use of weak or disintegrated information system with in the organization can to a fault be a cause of trouble in several ways. It could be a disrupting aspect in the revenue cycle that could affect the over all cash flow of the organization. (Avi sena, 2009)Information systems are continually altering and developing as skill and technology persists to develop. There is various information systems used within an organization which helps it to run the daily business accurately. The various types include transaction processing systems (TPS) which is a system that gathers, accumulates, adapts and recovers the transactions of a project.Decision Support Systems (DSS) is a system that chains dealings and managerial decision-making actions. A well-designed DSS is a software-based scheme projected to help decision makers accumulate helpful information from untreated data, various(prenominal) knowledge, documents, and business representations to recognize and resolve problems and take decisions.Expert system is software that efforts to imitate the presentation of one or more human specialists, most frequently for a specific problem area, and is a