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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What is the purchasing process?

Summary Introduction

To define: The term “Purchasing process”.

Introduction: Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Define purchasing process:

Interacting structure of activities, controls, equipment, and people is said to be purchasing process. Purchasing process helps the firm to determine the amount or type of services or goods that must be ordered. It assists in managing the incoming purchases and it helps to manage the work habits of the purchasing agents.

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