Going out on a limb - body parts and others. Throughout our history, we've hit the headlines for insuring the weird or rather wonderful body parts of celebrities. 1920s Silent film comedian Ben Turpin famously bought a $25,000 insurance policy with Lloyd's, payable if his trademark crossed eyes ever uncrossed.
What is 'Enterprise Resource Planning - ERP'. Enterprise resource planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and human resources.
DEFINITION of 'Accounting Information System-AIS'. The collection, storage and processing of financial and accounting data that is used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.ix elements compose the typical accounting information system: 1  People-the system users. 2  Procedure and Instructions-methods for retrieving and processing data. 3  Data-information pertinent to the organization's business practices. 4  Software-computer programs used to process data.