Preview

Accounting Information System

Powerful Essays
Open Document
Open Document
12489 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting Information System
Table of Content * INTRODUCTION...................................................................08
1.0 INFORMATION SYSTEM (IS)………………………………......08
2.0 ACCOUNTING INFORMATION SYSTEM (AIS)…..................08
3. O History OF AIS……………………………………………………,.08
4.1 TYPES OF AIS…………………………………………………......09
4.1 MANUAL SYSTEM…………………………………………………….. 09
4.2 LEGACY SYSTEM……………………………………………………....09 4.3 REPLACEMENT OF LAGACY…………………………….……..……10
5.0 COMPONENTS OF AIS…………………………………………..10 5.1 PEOPLE………………………………………………………………. 10
5.2 PROCEDURES AND INSTRUCTION………………………………..11 5.3 DATA………………………………………………………………….. 13 5.4 SOFTWARE……………………………….…………………………. 13 5.5 INFORMATION TECHNOLOGY INFRASTRUCTURE………… 14 5.6 INTERNAL CONTROLS………………………………………………15
6.0 PRINCIPLES OF AIS................................................................. 15 6.1 COST EFFECTIVENESS…………………………………………15 6.2 USEFULLNESS OUTPUT………………………………………...16 6.3 FELEXIBITY………………………………………………….. 16
7.0 WORK PROCESSING OF AIS ……………………… 16
8.0 USERS OF AIS…….……………………………………….. 17
8.1 INTERNSL USERS………………………………………… 17
8.1.1 OWNERS............................................. 17 8.1.2 MANAGEMENT……………………………………17 8.1.3 EMPLOYEES………………………………………..17 8.2 EXTERNAL USERS……………………………………………18 8.2.1 CREDITORS……………………………18 8.2.2 TAX AUTHORITIES…………………………18 8.2.3 MAMBERS OF NON PROFIT ORGANIZATIONS…18 8.2.4 INVESTORS……………………….18 8.2.5 TRADING PARTNERS…………19 8.2.6 GOVERNMENTS REGULATORY AGENCIES…….19 8.2.7 LAW MAKERS AND ECONOMICS PLANNERS…..19 8.2.8 OTHERS EXAMPLES…………………………………..19
9.0 SOFTWARE ARCHETECTURE OF MODERN ACCOUNTING INFORMATION SYSTEM………………………………………………..20
10. IMPLICATION OF ACCOUNTING INFORMATION SYSTEM…21
11.0 ADVANTAGES OF AIS……………………………………………22
11.1 SPEED……………………………………………………………22
11.2 CLADDIFICATION ………………………………………….23
11.3 SAFETY…………………………………………………..23
11.4 BETTER INFORMATION…………………………………23
11.5 IMPROVED
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    accounting information system
    • 2786 Words
    • 12 Pages

    accounting information system

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

    • 2786 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Accounting System
    • 879 Words
    • 4 Pages

    Accounting System

    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
    Read More
  • Powerful Essays

    Accounting Information Systems Research Paper
    • 3018 Words
    • 11 Pages

    Accounting Information Systems Research Paper

    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
    Read More
  • Good Essays

    Accounting Information System 6e Ch04
    • 2915 Words
    • 12 Pages

    Accounting Information System 6e Ch04

    "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
    Read More
  • Good Essays

    Accounting Information Systems. Data Secutiry
    • 815 Words
    • 4 Pages

    Accounting Information Systems. Data Secutiry

    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
    Read More
  • Powerful Essays

    Accounting Information System Project
    • 1940 Words
    • 8 Pages

    Accounting Information System Project

    This assignment will give you practice creating database tables and creating queries. Imagine you are helping set up the database tables for a new Accounts Payable (AP) system.…

    • 1940 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Accounting Information Systems 4
    • 1493 Words
    • 6 Pages

    Accounting Information Systems 4

    A. The time worked field in a payroll transaction record contained the value 400 instead of 40. As a result, the employee received a paycheck for $6,257.24 instead of $654.32.…

    • 1493 Words
    • 6 Pages
    Good Essays
    Read More
  • Powerful Essays

    Accounting Information System 7
    • 5542 Words
    • 23 Pages

    Accounting Information System 7

    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
    Read More
  • Powerful Essays

    Accounting Cycle Description
    • 1474 Words
    • 6 Pages

    Accounting Cycle Description

    The five accounting cycles in an organization are: The revenue cycle, expenditure cycle, financing cycle, fixed assets cycle, and the conversion cycle. The revenue cycle is the set of activities in a business bringing about the exchange of goods or services with customers or consumers for cash, such as sales orders, accounts receivables, cash receipts (Hall, 2004), and cost of goods sold. The expenditure cycle is an external exchange of information between vendors and the company. The expenditure cycle takes information from the revenue cycle, production cycle, and other cycles (Romney & Steinbart, 2006). The expenditure cycle includes inventory, accounts payable, payroll, and cash payments. The conversion cycle is very important to businesses. The conversion cycle tells how quickly a business can convert products into cash through sales. The financing cycle determines how long of time needed for the company to raise financial resources to the time of the repayment of dividends, stocks, and other debts (Financing Cycle, n.d.). Fixed assets maintain records of the original cost of an asset, the depreciation amount of the asset, and the disposal amount of said asset.…

    • 1474 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Samenvatting Biv/Bis
    • 11581 Words
    • 47 Pages

    Samenvatting Biv/Bis

    Een accounting information system (AIS) bestaat uit mensen, procedures en informatie technologie. Een AIS draagt in elke organisatie zorg voor drie belangrijke functies:…

    • 11581 Words
    • 47 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Business
    • 2083 Words
    • 9 Pages

    Business

    CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW Learning Objectives: 1. Distinguish between data and information, discuss the characteristics of useful information, and explain how to determine the value of information. 2. Explain the decisions an organization makes and the information needed to make them. 3. Identify the information that passes between internal and external parties and an AIS. 4. Describe the major business processes present in most companies. 5. Explain what an accounting information system (AIS) is and describe its basic functions. 6. Discuss how an AIS can add value to an organization. 7. Explain how an AIS and corporate strategy affect each other. 8. Explain the role an AIS plays in a company’s value chain.…

    • 2083 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    accounting stystem
    • 1709 Words
    • 7 Pages

    accounting stystem

    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
    Read More
  • Powerful Essays

    Information Systems Methodology
    • 2444 Words
    • 10 Pages

    Information Systems Methodology

    The development of an information system is a significant and complex activity for almost every organisation, this activities requires, substantial investments of time and money in anticipation of improvements in efficiency or effectiveness of business operations. (http://isce.edu viewed on 12/06/2011)…

    • 2444 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Accounting Information System 5
    • 3581 Words
    • 15 Pages

    Accounting Information System 5

    Zulkarnain Muhamad Sori Department of Accounting and Finance, Faculty of Economics and Management Universiti Putra Malaysia Abstract This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it’s contribution to the knowledge management and strategic role of the organisation. ZBMS is a company that registered in Kuala Lumpur and operate in construction industry. The company used automated AIS known as ‘Contract Plus – Financial & Project Accounting’ package commercially developed by a private company (ZYXW). Wide variety of people that involve in the company’s operation within and outside the organisation uses accounting information generated by this system for decisionmaking. Based on input provided by operational level managers, the Contract Plus software produces monthly projects’ income statements, balance sheets and statement of changes in financial position for the strategic and tactical managers to plan, control and make decision on the resources allocation. The role-played by AIS enhanced the organisations’ accounting functions, and add information value. The automated AIS speed up the process to generate financial statements and overcome human weaknesses in data processing. The system enhances management of resources and the process of monitoring, control and prediction of ZBMS business for better future. With the advent of AIS, the growth of tacit and explicit knowledge could be seen from the intensive training of personnel at the early stage of system implementation to the development and use of company’s own manual in training of new staff and assisting the job of existing staff. Given the benefit of AIS to ZBMS, this paper recommended that the source of data should be fully…

    • 3581 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Computerised Accounting
    • 6489 Words
    • 26 Pages

    Computerised Accounting

    In the use of computerised accounting system the risk of data loss is eliminated, high speed in data manipulation is maintained and larger volume of data are kept safely. In computerised accounting system calculation became easy and controlled effective, also development of computerised accounting system, facilitate the ongoing operations of firm and contribute to its competitive strategy.…

    • 6489 Words
    • 26 Pages
    Powerful Essays
    Read More

Related Topics