Accounting Information Systems
Solutions
Accounting Information Systems
What is the purchasing process?
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.
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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