Final answer:
The accounting information system can be divided into two major subsystems: financial accounting system and management accounting system.
Step-by-step explanation:
The accounting information system can be divided into two major subsystems: financial accounting system and management accounting system.
The financial accounting system focuses on providing financial information to external users such as investors, creditors, and regulatory agencies. It includes the processes of recording, summarizing, and reporting financial transactions.
The management accounting system, on the other hand, focuses on providing financial and non-financial information to internal users such as managers and employees to aid in decision-making and performance evaluation. It includes processes such as budgeting, cost accounting, and performance measurement.