What is Accounting information system?

An accounting as an information system (Shortcut: AIS) is a system of storing, collecting and processing accounting and financial data that are used by decision makers. AIS is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used externally by other interested parties including investors, creditors and tax authorities or internally by management. AIS's are designed to support all accounting activities and functions including financial accounting, auditing and reporting, managerial/ management accounting and tax. The most widely adopted AIS's are auditing and financial reporting modules.

Many large and SMEs are now adopting cost-effective cloud-based accounting information system in recent years.

Looking back years ago, most organizations, even larger ones, hire outside consultants, either from the software publisher or consultants who understand the organization and who work to help select and implement the ideal configuration, taking all components into consideration.

The steps to implement an accounting information system are as follows:

• Detailed Requirements Analysis - where all individuals involved in the system are interviewed.
• Systems Design (synthesis) - The analysis is thoroughly reviewed and a new system is created.
• Documentation - As the system is being designed, it is documented.
• Testing - Before launch, all processes are tested from input through output, using the documentation as a tool to ensure that all processes are thoroughly documented and that users can easily follow the procedures.
• Training - Before launch, all users need to be trained, with procedures.
• Data Conversion - Tools are developed to convert the data from the current system to the new system.
• Launch - The system is implemented only after all of the above is completed.
• Tools - Online resources are available to assist with the strategic planning of accounting information systems.
• Support - The end users and managers have ongoing support available at all times.

What are the types of investors?

As you probably know that Investing is simply the act of committing money or capital to a business, project, real estate, etc. with the expectation of obtaining an additional income or profit, and an investor is a person that allocates capital with the expectation of a future financial return. In this article, we will go through the types of investors.


There are 2 types of investors which are the Retail investor and Institutional investors.

Retail investor
A retail investor is a non-professional investor who buys and sells securities, mutual funds or exchange-traded funds through traditional or online brokerage firms or savings accounts.

• Individuals gambling in games of chance.
• Collectors of art, antiques, and other things of value
• Sweat equity investor
• Angel investors
• Individual investor

Institutional investor
An institutional investor is a nonbank person or organization that trades securities in large enough share quantities or dollar amounts that it qualifies for preferential treatment and lower commissions.

• Venture capital and private equity funds, which serve as investment collectives on behalf of individuals, companies, insurance reserves, pension plans, or other funds.
• Businesses that make investments, either via a captive fund
• Investment trusts or directly, including hedge funds, real estate investment trusts, Mutual funds and other funds, ownership of which may or may not be publicly traded.
• Sovereign wealth funds

Business in Canada

Canada is not the only country of saving the environment but also a good place to start a business abroad. Canada is the second best country in the world, according to the U.S. News and Report’s Best Country list.



This wonderful country has few programmes for business immigration oriented people

• Self-employed. Note that Government of Canada is no longer accepting new applications under the farm management stream of the Self-Employed Person Program.
• Start-up visa. On this point you must meet all 4 eligibility requirements: meet the language requirements, have a qualifying business, a letter of support from a designated organization and enough money for life in Canada before you make incomes
• Immigrant Investor Venture Capital Pilot Program
• Terminated programs – Federal Immigrant Investors and Entrepreneurs

How to start a business in Canada?
In the beginning, start with classic steps such as doing market research, choosing a business structure, type and writing a business plan.

Decide where your main office will be located, which other provinces and territories you plan to operate in, choose your proposed business name and the type of business that best suits your needs. Register your business.

After that, you should apply for permits and licenses. At the end of the mentioned steps, you can ask for National and regional business support, immigrant and aboriginal entrepreneurs, and financing programs.

Canada is reaching on different financing possibilities. Your business may be eligible for different types of private sector financing, including debt and equity. Government loans, loan guarantees, venture capital and other types of debt and equity.