Preview

accounting information system

Better Essays
Open Document
Open Document
3700 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
accounting information system
Accounting information systems
Accounting Information system is one of the most vital elements of an organization. Every organization, whether it is a profit or non- profit one, should maintain an accounting information system. An accounting information system can be termed as a way of keeping track of all the accounting activities in an organization (Dull & Gelinas, 2009). This tracking of accounting activities is done through the computer-based methods of accounting. An accounting system comprises of six components. The components include users, procedures and instructions, data, and software application. It also comprises of information technology infrastructure and internal controls and measures. When a firm wants to put into place a new accounting information system, the above named factors should be considered in depth. Failure to consider one or more of the above perspectives of an accounting information system is detrimental to a system put or being put in place. This paper aims at looking into some of the factors that concern an accounting information system in the perspective of change. The world is a dynamic place; it changes with each day that passes. In this perspective, the world is continuously growing smaller by the day. Markets are constantly becoming unified throughout the whole world. The merging of markets tends to create uncertainty all over the world. Technology, in an explosive manner, tends to accompany the changes. Technology, in its own way, tends to accelerate the imparting and diffusion of knowledge at speeds never perceived before. This diffusion of knowledge by technology further contributes to the shrinking of the marketplace. Based on these changes, speed becomes an invaluable component of competition. In addition, flexibility is required. As such, businesses are left with a very small margin for error and even lesser time to react to situations. The ignoring or delaying to react to an arising situation can, thus, lead to one

You May Also Find These Documents Helpful

  • Powerful Essays

    The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail.…

    • 2786 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    New technology in information systems have bought significant changes in accounting profession, practices and processes. It has increased the efficiency and accuracy in accounting and has speed up the process for manual accounting tasks, but also improved security of accounting data and increased transparency. Large organizations and multinationals are changing over to this new information systems and technologies to carry out their accounting tasks on global basis. This information system has led to standardization not only among the different divisions, locations and offices of a single organization, but also on a global basis.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In order to develop an accounting information system successfully the process has to broken up into phases. The phases are the system development life cycle (SDLC) which consists of the Planning and Investigation, Analysis, Design, Implementation, Follow-up, and Maintenance phases. The planning and investigation phase requires creating a team to investigate the current system and make recommendation to a steering committee. The team primary focus is the find way of handling the user’s request to change, improve or enhance an existing system. The systems analysis phase requires the study team to identifying general systems goals, top management systems goals, and operating management system goals. This details analyzing information needs of the organization and its end users, the systems activities, resources and products, and the capabilities of IS required to meet the information needs of users. Once this analysis is complete the study team sends an analysis report to the steering committee of their recommendations. Once the recommendations are approve the system design phase is started. This is start with the design team doing a feasibility evaluation which includes technical, operational, schedule, legal and economic feasibility. Once the steering committee approves the feasibility of a general system plan the design team can begin work on a detailed system. Detailed system design begins with the design of outputs, and then inputs and processes. Designers may choose a prototyping approach to create the new system. The system design should focus on user interface, data design and process design. Once the system specifications are understood, the system is created. The system is then tested to ensure accuracy and reliability. The implementation, follow-up, and maintenance phase includes…

    • 391 Words
    • 2 Pages
    Satisfactory 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
  • Best Essays

    With rapid development of the information technology, computerized accounting information system plays an increasingly crucial role in the operation of organization regardless large, medium or small enterprises. This can be contributed to the merits of the marriage of accounting and the computer science technology, which dramatically improve the accuracy and speed of the process of information system. However, along with the advantages of the computerized accounting information system, there emerge several deadly deficiencies which, if not appropriately deal with, can be greatly detrimental to the interests of the organization and, even worse, may lead to collapse of the company. This essay mainly focuses on several important aspects of the deficiency of the computerized accounting information system and then provides feasible solutions to prevent the negative influence derived from these threats.…

    • 1788 Words
    • 6 Pages
    Best Essays
  • Good Essays

    New developments in information systems have bought significant changes in accounting profession, practices and processes. It has not only increased the efficiency and accuracy in accounting and has speed up the process for cumbersome and long accounting tasks, but also improved security of accounting data and increased transparency. Large organizations and multinationals are making increasing use of new information systems and technologies to carry out their accounting tasks on global basis. These information systems has led to a great degree of standardization not only among the different divisions, locations and offices of a single organization, but also on a global basis.…

    • 555 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The new implemented accounting information system is only as good as the information entered into the database as per company requirements. While the primary purpose of the new system was to reduce time and money, the implementation of the new system, however ended up in an avoidable lapse in judgment by the management and the employees. All financial transactions have three main requirements to ensure proper accounting of business operations: timeliness, accuracy, and validity. If these transactions failed to meet these guidelines, information entered into the software* will lead to improperly prepared reports and a total system failure.…

    • 1287 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    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
  • 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

    i) A decision or action of a subsystem is inconsistent with the system as a whole.…

    • 1436 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    |CH 8: Authentication: Process of verifying the identity of the person or device attempting to access the |…

    • 2510 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    * An Account shows the effect of transactions on a given asset, liability, equity, revenue, or expense account.…

    • 2328 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    “Gaza Mall” one of the best shops in Gaza Strip, it consists of two floors, located in the Center of Gaza City, the Mall contains many kinds of sales, from “Gaza Mall” you can buy clothes, food, accessories, electronics etc.…

    • 826 Words
    • 4 Pages
    Good 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

    Accounting Information System

    • 12489 Words
    • 50 Pages

    Table of Content * INTRODUCTION................................................................... 08 1.0 INFORMATION SYSTEM (IS)………………………………...... 08 2.0 ACCOUNTING INFORMATION SYSTEM (AIS)….................. 08 3.…

    • 12489 Words
    • 50 Pages
    Powerful Essays