Final answer:
An information system orchestrates the collection and processing of data, and an accounting information system is a specialized subset focused on financial data. Historically, as technology advanced, AIS became more complex and integrated with wider business information systems. This merger supports financial forecasting and strategic decisions.
Step-by-step explanation:
The relationship between an information system and an accounting information system has historically been integral to businesses. An information system is a combination of technology, people, and processes designed for the collection, processing, and dissemination of information. In contrast, an accounting information system (AIS) is a subset of the information system specifically designed to manage financial data and support financial transactions within an organization.
Historically, the evolution of technology has greatly influenced the development of accounting information systems. Before the advent of computers and database technology, accounting was done manually, which meant that the association between general information systems and accounting systems was mainly procedural. With advancements in technology, accounting information systems have become more complex and integrated into broader business-wide information systems, handling not only financial transactions but also providing analytical tools for financial forecasting and decision making.
Therefore, over time, the development of accounting information systems has increasingly merged with the broader organizational information systems, ensuring that critical financial data is available to stakeholders for strategic planning and operations management.