Accounting Information System (Ais) - a Conceptual Study
Indian Streams Research Journal
Vol.1,Issue.V/June; 12pp.1-4
G.Srinivas
ISSN:-2230-7850
Research Papers
ACCOUNTING INFORMATION SYSTEM (AIS) - A Conceptual Study
Dr.Rambabu Gopisetti Assistant Professor, Department of Commerce, Telangana University, Dichpally, Nizamabad, A.P. 503322
G.Srinivas Academic Consultant, Department of Commerce, Telangana University, Nizamabad, A.P.
ABSTRACT
Managerial decision making normally relies upon an effective information system. At present many firms are using accounting software to prepare accounting reports very quick, perfectly and in right time. Accounting Information Systems are most common information systems utilized in business, while it was previously paper-based process; hence, there is a greater scope for AIS in the present context as it plays a pivotal role in business as the management of such businesses takes decisions relying upon AIS. AIS are a perfect tool of information provisioning the environment for decision making and also eliminate the paper work as well as reduce the cost very significantly.
1. INTRODUCTION Information Technology Enabled Services (ITES) are ruling the world business activities. After the globalization the need for accounting information system rapidly increased a lot. The Financial Accounting Package Revaluation started in the late 80 's India 's software market was in it 's infancy and the demand for personal computers was low and when duties on software imports were high. At present because of ITES (Information Technology Enabled Services) Business practices are carried out across the globe. This raises the need for AIS becomes necessary for all the business organizations to maintain accounts in a Systematic, way and with out delay. 2. HISTORY OF ACCOUNTING Accounting is the language of any business enterprise. In the olden days barter system was practiced by the business people and goods were exchanged for goods. Hence, there was no need to maintain any
Vol.1,Issue.V/June; 12pp.1-4
G.Srinivas
ISSN:-2230-7850
Research Papers
ACCOUNTING INFORMATION SYSTEM (AIS) - A Conceptual Study
Dr.Rambabu Gopisetti Assistant Professor, Department of Commerce, Telangana University, Dichpally, Nizamabad, A.P. 503322
G.Srinivas Academic Consultant, Department of Commerce, Telangana University, Nizamabad, A.P.
ABSTRACT
Managerial decision making normally relies upon an effective information system. At present many firms are using accounting software to prepare accounting reports very quick, perfectly and in right time. Accounting Information Systems are most common information systems utilized in business, while it was previously paper-based process; hence, there is a greater scope for AIS in the present context as it plays a pivotal role in business as the management of such businesses takes decisions relying upon AIS. AIS are a perfect tool of information provisioning the environment for decision making and also eliminate the paper work as well as reduce the cost very significantly.
1. INTRODUCTION Information Technology Enabled Services (ITES) are ruling the world business activities. After the globalization the need for accounting information system rapidly increased a lot. The Financial Accounting Package Revaluation started in the late 80 's India 's software market was in it 's infancy and the demand for personal computers was low and when duties on software imports were high. At present because of ITES (Information Technology Enabled Services) Business practices are carried out across the globe. This raises the need for AIS becomes necessary for all the business organizations to maintain accounts in a Systematic, way and with out delay. 2. HISTORY OF ACCOUNTING Accounting is the language of any business enterprise. In the olden days barter system was practiced by the business people and goods were exchanged for goods. Hence, there was no need to maintain any
References: 1. Delhi. 2. Delhi. 3. 4. 5. 6. Hoffer, George,Valacich, “Modern System Analysis and Design” 3rd Edition, Pearson education. New Sulochana M. Someshwar Rao K. Kishore Kumar R. “Accounting Systems” Kalyani Publishers, New Shashi K.Gupta, R.K.Sharma , “Management Accounting” 10th Edition, Kalyani Publishers, New Delhi. http://en.wikipedia.org/wiki/accounting _information_system. http://openlearn.open.ac.uk/mode/resources/view.php?id=161611. http://www.enotes.com/business-finance- _ encyclopedia/accouning information_system. Please cite this Article as : G.Srinivas and Dr.Rambabu Gopisetti , ACCOUNTING INFORMATION SYSTEM (AIS) -ISRJ (2), A Conceptual Study G.Srinivas : Indian Streams Research Journal (JUNE ; 2012)