Preview

Accounting Information System

Good Essays
Open Document
Open Document
1798 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting Information System
Discussion I. I. Accounting information system is a combination of collecting, recording, storing, and processing data of a business.
The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained, “at the start of the 21st century, business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizations to make good business decisions based on the large amounts of information their enterprise produces”. In this environment, it is necessary for a successful business to integrate information technology into its basic process. And with this, AIS technology uses the modern information technology resources to aid in business functions. In order to understand AIS well, knowing the meaning of the system is important as stated by Gangolly (n.d.) and Gelinas and Sutton (2002) “a system is a set of interdependent components which collectively accomplish specific objectives”. They also added that AIS is an information system; but not all information system are accounting information system and example of this is human resource information system. Also Gelinas and Sutton (2002) defines information system as “a man-made system that generally consists of an integrated set of computer-based and manual components established to collect, store, and manage data as well as provide output information to users”. While as described by Herrera (n.d.) “information system is a set of formal procedures by which data are collected, processed into information, and distributed to users”. According to Henson (2006), “AIS combines the study and practice of accounting with the decision, implementation and monitoring of information system”. Hence Orwell (n.d.) noted, “it is a system of records usually computer based which combines accounting principles and concepts with the benefits of an

You May Also Find These Documents Helpful

  • Powerful Essays

    It is best to view an AIS as an accounting system that must be computerized.…

    • 2786 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    accounting stystem

    • 1709 Words
    • 7 Pages

    1.The site you go to in order to form a business in Maryland is www.dat.state.md.us.…

    • 1709 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    "It is easier to learn to prepare data flow diagrams, which use only a few symbols, than it is to learn to prepare flowcharts, which use a number of different symbols."…

    • 2915 Words
    • 12 Pages
    Good Essays
  • Good Essays

    Accounting information systems is a computer based database that stores, collects, and processes the financial data of the organization. The AIS system is then backed up by the organizations centralized database. When the AIS system is attacked by outside sources the responsibility falls to the organization if the proper controls are not in place but if the proper controls are in place the fault should fall on the shoulders of the criminal committing the attack or failures of the organization to put in place an effective accounting information system that is not prone to failure.…

    • 851 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Bloch, G. (2003). Sarbanes-oxley 's effects on internal controls for revenue. The CPA Journal, 73(4), 68-70. Retrieved from http://search.proquest.com/docview/212294542?accountid=12085…

    • 3018 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Accounting System

    • 879 Words
    • 4 Pages

    An accounting system is the methods and procedures used to collect, classify, summarize, and report the businesses financial information…

    • 879 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Accounting Systems

    • 539 Words
    • 3 Pages

    Internal Control Systems are processes put in place to safeguard the company. In the simulation, the task was given to help a new company set up an internal control system, implement control procedures for specific internal control issues, and manage the internal control system as the company continues to grow.…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    If a company has adequate security controls in place then they should not be held liable for losses sustained in a successful attack made on their Accounting Information System (AIS) by outside sources. If a company is negligent about security controls then they should be held liable for losses sustained in a successful attack on their AIS.…

    • 815 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered, followed by a comprehensive needs analysis, which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX, Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best one—Microsoft Dynamics. Finally, a recommendation for the next steps towards the company will be suggested.…

    • 5542 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    In what situations would you expect to model a relationship between an agent and a resource?…

    • 7138 Words
    • 29 Pages
    Good Essays
  • Powerful Essays

    This report discusses the accounting practices of the following countries U.K, U.S.A and China. An analysis of these different accounting systems will be conducted on issues such as the growth and background, social, economic and fiscal pressures that have led to each nations current characteristics. Concluding on the direction each nations accounting systems and practices seem to be heading towards.…

    • 3719 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    The definition of AIS has evolved over the years from one focusing on the provision of more formal, financially quantifiable information to assist in decision-making processes to one that embraces a much broader scope of information. The dimensions used to reflect the design of AIS include focus, orientation, time horizon, aggregation, integration, timeliness, financial and non-financial, and quantitative and qualitative.…

    • 2598 Words
    • 11 Pages
    Better Essays
  • Better Essays

    How do an organization’s business processes and lines of business affect the design of its AIS? Give several examples of how differences among organizations are reflected in their AIS.…

    • 2933 Words
    • 12 Pages
    Better Essays
  • Good Essays

    Ais Ppt Chapter 1

    • 1354 Words
    • 6 Pages

    environment Accounting information systems and management information systems The general model for information systems Financial transactions from non-financial transactions The functional areas of a business Two main stages in the evolution of information systems Three roles of accountants in an information system…

    • 1354 Words
    • 6 Pages
    Good Essays
  • Good Essays

    An AIS does not exist in a vacuum; rather it is an integral part of the firm it serves. The AIS has close relationship with the organization of the firm and its physical operations or process. The firm itself is a system with its own environment. Many of the business and accounting events that are captured and processed by the AIS arise within the environment of the business firm. There are three subsystem of the firm: organizational, operational and information. These subsystems are interlinked.…

    • 1449 Words
    • 5 Pages
    Good Essays