Tag: accounting software

Central processing unit is the main part of the computer hardware that actually processes data according to instructions it receives. It controls the flow of data by directing the data to enter the system, places the data into its memory, retrieves the same as and when needed and directs the output of data according to a set of stored instructions. Hence, CPU is also called as brain of computer.

Data validation ensures the accuracy  and reliability of input data by comparing the same with some predetermined standards or known data. This verification is performed by error detection and error correction procedures.

Transaction Processing Systems (TPS) are among the earliest computerised systems catering to the requirements of large business enterprises. The purpose of typical TPS is to record, process, validate and store transactions that occur in the various functional area of a business for subsequent retrieval and usage.

Real-time processing provides offline outcome in the form of information and reports without time lag between the transaction and its processing. The accounting reports are generated by query language popularly called Structured Query Language (SQL).

Accounting Information System (AIS) identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. Every accounting system is essentially a part of the Accounting Information System (AIS) which in turn is a part of the broader system, viz. the organisation's Management Information System.

The accounting information system (AIS) receives and provides information to the various sub-systems of the institutional/integrated MIS. Accounting information system (AIS) is a collection of resources, designed to transform financial and other data into information.