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Discuss the major model of a financial information system? what is subsystem

Answer»

A financial information system (FIS) accumulates and analyzes financial DATA used for optimal financial PLANNING and forecasting decisions and outcomes.


An accounting information system (AIS) is a structure that a business USES to collect, STORE, manage, process, retrieve and report its financial data so that it can be used by ACCOUNTANTS, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators and tax agencies.



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