1. Meaning of Computer
An electronic device capable of performing a variety of operations as directed by a set of instructions (program). Elements: Hardware, Software, People, Procedure, Data, Connectivity.
2. Management Information System (MIS)
A system that provides information for decision-making at all levels of management.
3. Accounting Information System (AIS)
A part of MIS. It identifies, collects, processes, and communicates economic information about an organization to various users.
- Features: Reliability, Relevance, Timeliness, Accuracy.
4. Components of Computer System
- Input Unit: Keyboard, Mouse.
- CPU: Control Unit, ALU, Memory Unit.
- Output Unit: Monitor, Printer.
5. Advantages of Computerised Accounting
- Speed and Accuracy.
- Reliability.
- Scalability.
- Security.
- Real-time User Interface.