accounting information system

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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

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