In 2030, I think the nature of the accounting function will change with better technology and
different processing. Better technology can help out with missing files, which could lead to legal
problems. We might even be seeing
AIS Chapter 2
No equity or summary drawing accounts. Instead, have a fund balances section for each
type of fund.
Unlikely to have Notes Receivable, but may have Accounts Receivable for students who
pay tuition i
1. What is a system? What are the components of a system?
A system is a set of two or more interrelated components that interact to achieve a goal.
There are six components of an AIS:
1. The people who use the system.
2. The procedures and instructions us