Accounting Systems
Accounting information – Coursework
Some academics believe that there is a direct relationship between accounting information systems and organisations. It is thought there is a two-way system whereby organisations shape their accounting information systems but are also shaped by them. This report will look at the highlighted relationship and in the context of the information literacy and management skills that are needed by an accountancy graduate in the 21st Century. The report will also cover the importance of the factors that shape an accounting information system and what the needs are essential to have an effective and efficient system in this present day.
The purpose of accounting information systems is to support management and the controls of topics that have a connection with the economic financial area. With technology advancing every day, accounting information systems are providing firms with a strategic viewpoint. This allows for measures to be used regarding accounting information systems that will allow the organisation to become more competitive. Every firms accounting system may differ depending on the size of the firm, industry area and accounting procedures that may be in place. The accounting system will be chosen by management and whereby this would be an argument for an organisation shaping their systems. Accounting information systems must suit the needs of both management as well as federal laws such as the preparation of financial statements. Therefore, it is important that management choose the correct accounting information system that will meet all needs not only for the company’s benefits but also to remain compliant with the law.
In this report I will look at articles by Kotb and Hopwood which I feel has widened my perspective and understanding of accounting information systems in the 21st century. Kotb’s article is tailored around e-business where he focuses on the impact of technological advances in businesses today. Hopwoods
Some academics believe that there is a direct relationship between accounting information systems and organisations. It is thought there is a two-way system whereby organisations shape their accounting information systems but are also shaped by them. This report will look at the highlighted relationship and in the context of the information literacy and management skills that are needed by an accountancy graduate in the 21st Century. The report will also cover the importance of the factors that shape an accounting information system and what the needs are essential to have an effective and efficient system in this present day.
The purpose of accounting information systems is to support management and the controls of topics that have a connection with the economic financial area. With technology advancing every day, accounting information systems are providing firms with a strategic viewpoint. This allows for measures to be used regarding accounting information systems that will allow the organisation to become more competitive. Every firms accounting system may differ depending on the size of the firm, industry area and accounting procedures that may be in place. The accounting system will be chosen by management and whereby this would be an argument for an organisation shaping their systems. Accounting information systems must suit the needs of both management as well as federal laws such as the preparation of financial statements. Therefore, it is important that management choose the correct accounting information system that will meet all needs not only for the company’s benefits but also to remain compliant with the law.
In this report I will look at articles by Kotb and Hopwood which I feel has widened my perspective and understanding of accounting information systems in the 21st century. Kotb’s article is tailored around e-business where he focuses on the impact of technological advances in businesses today. Hopwoods
References: Articles Hopwood, Anthony G. (2009). The economic crisis and accounting. : Implications for the research community. 1 (1), 1. Kotb, Amr. (2012). E-business audit. Advisory jurisdiction or occupational invasion. 1 (1), 2. Websites Princeton University. (2012). Word net search. Available: http://wordnetweb.princeton.edu/perl/webwn?s=internal%20control. Last accessed 27 Oct 2013. University of Arizona . (2012). AIS 697A . Available: https://lro.library.arizona.edu/course-guide/330-AIS-697A. Last accessed 27 Oct 2013. Williams, Jan R. (2008). Accounting Systems. Available: highered.mcgraw-hill.com. Last accessed 27 Oct 2013.