Accounting Information System

Topics: Accounting software, Business, Financial statements Pages: 42 (12489 words) Published: August 22, 2013
Table of Content
* INTRODUCTION...................................................................08 1.0INFORMATION SYSTEM (IS)………………………………......08 2.0ACCOUNTING INFORMATION SYSTEM (AIS)…..................08 3. OHistory OF AIS……………………………………………………,.08 4.1TYPES 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 SERVICE………………………………………….23 11.6 INCREASE PRODUCTIVITY…………………………………24 11.7 COMPETITIVE ADVANTAGE…………………………………24 12.0 HOW TO EFFECTIVELY IMPLEMENT AIS…………………24

12.1 DETAILED REQUIREMENTS ANALYSIS………………25
12.2 SYSTEM DESIGN (SYNTHESIS)………………………26
12.3 DOCUMENTATION………………………………27
12.4 TESTING…………………………………………..………27 12.5 TRAINING…………………………………………28 12.6 DATA CONVERSASION……………………………….28 12.7 LAUNCH ………………………………………………28 12.8 TOOLS……………………………………………29
12.9 SUPPORT……………………………………………….29 13.0 IMPORTANCE OF AIS IN DECISION MAKING AND OTHERS......................................................................................................29
13.1 IN FINANCIAL ACCOUNTING DEPARTMENT…………..29
13.2 IN MANAGERIAL ACCOUNTING DEPARTMENT……….30
13.3 IN MARKETING DEPATMENT…………………………….30 13.4 IN ACCOUNTING DEPARTMENT………………………….31 13.5 FOR GOOD CO OPERATION………………………………..31 13.6 TO MEET THE NEEDS TO MULTI USERS………………32
13.7 TO CONTRIL AFTERWARDS AND CONTROL IN ADVANCE AND IN CONCURRENT…………………………….32

14.0 BASIC SUB SYSTEM OF AIS……………………………………..34
14.1 THE REVENUE CYCLE………………………………………34
14.2 THE EXPENDITURE CYCLE……………………………..35
14.3 THE RESOURCES/ PAROLL CYCLE…………………………36
14.4 THE PRODUCTION CYCLE …………………………………37
14.5 THE FINANCIAL CYCLE………………………………………38 15.0 THE IMPACT OF INFORMATION ON ACCOUNTING………..38
15.1 COMPUTERIZED ACCOUNTING SYSTEM……………….38
15.2 INCREASE FUNCTIONALITY………………………….39
15.3 IMPROVED ACCURACY……………………………………39.
15.4 FASTER PROCESSING……………………………………….40
15.5 BETTER EXTERNAL REPORTING………………………….40 16.0 THE BASIC FUNCTION OF AIS………………………………….40
16.1 COLLECT AND STORE DATA……………………………40
16.2 PROVIDE INFORMATION………………………………….41
16.3 PROVIDE CONTROLS……………………………………..41 17.0 THE SERVICES OF ACCOUNTING INFORMATION SYSTEM…………………………………………………………………..41 17.1 GATHERING AND PREPARETION OF PRIMARY DOCUMENTS………………………………………………………….42 17.2 COMPREHENSIVE ACCOUNTING DATABASE CREATION…………………………………………………………42 17.3 OPTIMAL TAX MODEL...
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