Which of the following is NOT correct about accounting information systems?
A An accounting information system AIS is defined as a system that records, processes and reports on
transactions to provide financial and nonfinancial information to make decisions.
B An accounting information system AIS is a computerbased system that collects, stores, and processes a
company's financial and nonfinancial data to provide information for decisionmaking.
C An accounting information system AIS is a structured framework used to collect, store, manage, process,
and report financial data and information generated in the firms business processes.
D An accounting information system AIS is solely a system for recording and storing financial transactions
within a company, with no focus on generating reports or providing information for decisionmaking to
management
