Accounting information systems
4 pages (1000 words) , Annotated Bibliography
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...Accounting Information Systems Annotated Bibliography Anandarajan, M., Anandarajan, A., &Srinivasan, C.A .Business Intelligence Techniques: A Perspective from Accounting and Finance.New York:Springer Science & Business Media. The authors and researchers of this book provide informative material in relation to accounting. The book general majors on the financial part of business in order to provide readers, researchers and any other interested stakeholders with mainly the kind of information that should be entered in an accounting information system. In...
Business-accounting information systems
6 pages (1500 words) , Essay
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...information they need to make decisions such as inventory purchase reorder points, analysis of costs, determination of profitability of the company and the value of the company. Stakeholders such as lenders require financial statements of a company before they extend any credit to a business. Accounting is the discipline that allows businesspeople to keep track of the inputs and outputs of a company within a systemic system that has been around for several thousands of years (Anders). The purpose of this report is to provide a company with an inadequate... All businesses need to have specific financial data about the operation of the company. A sound financial system provides management with the...
Accounting Information Systems
10 pages (2500 words) , Assignment
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...Accounting Information Systems Answer Air New Zealand is a domestic and international airline company. It is one of the famous airline companies based in New Zealand. This airline group provides cargo transport services and air passenger services. Apart from domestic region New Zealand, it also provides both the services in Australia, Asia, South West Pacific, United Kingdom and North America. Air New Zealand has also has diversification in aircraft engineering and ground handling services of airlines. Apart from it won services it also provides these two services to other domestic as well as international companies. Subsidiaries of this group also offer...
Accounting Information System
1 pages (250 words) , Essay
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...Accounting Information System: Clink on the file below to access the Accounting Information System based on excel sheet: Flow Chart: Input Transactions Process Journal Entries Adjustments Trial Balance Output Profit & Loss Account Balance Sheet REPORT The Accounting Information System for this company has been setup as a complete system to reflect the whole procedure of processing the accounting transactions. It starts from recording journal entries (double entry system) and the...
Accounting information system
5 pages (1250 words) , Essay
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...ACCOUNTING INFORMATION SYSTEM Number: Lecturer: 3 Revenue cycle The of the Casino are effectively handled by an effective revenue cycle that ensures service provision is up to standard and the payment of these services is efficient. The customer requests are handled by the Casino attendant who is in charge of providing the services to the clients. Once the client receives the service, they can pay for the service to the cashier. The diagrams below clearly illustrate the processes that completes the revenue cycle. Figure (i): Revenue Cycle Context Diagram. Figure (ii): Level 0 Data Flow Diagram Document Flowchart. 4.0 Database and file structure The database is created using the Ms Access... ...
Accounting Information System
5 pages (1250 words) , Essay
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...Accounting Information System Various activities are performed in order to achieve Top Burger desired output. Processes are the input activities that are performed on the inputs. From the case study, the following activities are performed: Feeding sales- this is the activity that involves entering of the sales transactions in the company data in order capture the amount of sales and the details by the use of the software. The company is in the process of determining the advantages and drawbacks of automatic feeding of data by the use of the GL software. Data extraction- this is the act of mining raw data from the accounting...
Accounting information system
5 pages (1250 words) , Essay
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...Accounting Information System Number 3 Revenue Cycle Unlike other commercial establishments, the FYA is a non-governmental organization that depends on donations for it to perform its operations. Therefore the revenue cycle is different compared to the common cycles. In this case, the company does not have sales that will form the basis for revenue collection. There are no purchase orders, sales processing, invoicing and such processes in this cycle. The revenue cycle is simply initiated by developing a proposal that is submitted to various donors who will either decide to sponsor the project or decline. In cases where they have accepted to donate, the...
Accounting information system
5 pages (1250 words) , Admission/Application Essay
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...ACCOUNTING INFORMATION SYSTEM Number: Lecturer: 3 Revenue cycle The revenue cycle in Crown Casino Sydney involves the daily processes of providing services to the clients. It also involves a major component of receiving customer payments for services provided. Additionally, it entails application of technological processes such as point of sale for customers sale orders that are necessary in the inventory system. Context diagram The revenue cycle therefore involves the following entities: Client, casino attendant and the cashier, The context diagram for the system is shown below; Level 0 Data Flow Diagram Document Flowchart. The client makes a service...
Accounting Information Systems
4 pages (1000 words) , Essay
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...information, accounting has become a powerful data source to support operation management of modern businesses. Accounting systems are used in a modern business environment not only as a standartisation tool for the financial data, but more importantly, as an information source for decision-making processes. Obviously, this new function of accounting emerged in the second half of the 20th century has required new approaches to be developed. Eventually, the analysis of financial data has become more sophisticated, development of IT industry has allowed more complex techniques to be used and the variety of management/accounting information... 1. Although originally devised only for recording the financial...
Accounting information system
5 pages (1250 words) , Admission/Application Essay
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...Accounting Information System Number 3 Revenue cycle The cycle involves the s, the sales personnel the inventory clerks and the accountants who ensure that the transaction is effectively completes. It entails the customer purchase order, sales order processing and the subsequent delivery and payment for products. In this system, a customer issues a purchase order to the sales person who prepares a sales order that is forwarded to the inventory. The inventory clerk provides a confirmation of the products that are available in the inventory. The sales person then prepares an invoice that is taken to the billing department and forwarded to...
Accounting information systems development
6 pages (1500 words) , Essay
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...Accounting Information Systems Development Background The company in this scenario is a small, local CPA firm. The personnel at the organization include three new CPAs and an office manager. Primarily, the company's business consists of tax and write-up work. However, recently the company has required a new client: a homeowner's association with a total of 150 homeowners. The firm has agreed to provide the homeowner's association with several services. Service Areas There are six service areas that the company has agreed to service the homeowner's association with: billing, collection, payments, reporting, tax, and advisory. With billing, each...
Accounting information system
6 pages (1500 words) , Essay
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...Accounting Information Systems. Number: Lecturer: 3 Revenue cycle Garden Nursery’s revenue cycle is an important cycle that illustrates how the revenue in the company is generated. The following section describes the revenue cycle and provides a document flow chart. There are various actors in this cycle who ensure the cycle is complete by being responsible for various processes in the cycle. They include: i) Customers. ii) Purchasing department clerk. iii) Account clerk. iv) Supplier. v) Inventory personnel. The revenue cycle essentially involves all the activities and processes from the time a product is ordered by a client to the point...
Accounting information system
5 pages (1250 words) , Admission/Application Essay
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...Accounting Information System The revenue cycle mentioned in 2.0 above may be used to attain the business goals discussed inthe other parts when one considers the business cycles involved in the book retailing industry, where Book Retail Shop belongs. Revenue cycle is the process by which business describes their financial progression of their receivable accounts from the start, during their first acquiring of products, especially if they are product based until they are paid provided they get paid in full. Order Order Sales forecast Product served product schedule Payment Pay Time worked Received...
Accounting information systems
5 pages (1250 words) , Coursework
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...ACCOUNTING INFORMATION SYSTEMS Problems: 5 Instruction: ify each of the five situations as a fraudulent act, an indicator of fraud, or an event unrelated to the investigation. Justify your answers. An experienced senior auditor was assigned to investigate a possible freaudulent situqtion characterized by extremely high, unexplained merchandise shortages at one location of the companys department store chain. During the course of the investigation, the auditor determined the following: 1. The supervisor of the receiving department was the owner and operator of a small boutique carrying many of the same labels as he chain store. The chain stores general...
Accounting Information and Decision Making
8 pages (2000 words) , Term Paper
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...Accounting Information and Decision Making Accounting Information and Decision Making Management has always had a basic function inhuman communal settings. The effectiveness of an organization relies on the nature of its managerial procedure. Such effectiveness demands exemplary management that interprets to competence and logical decisions. accounting can assist decision-making processes and managerial operations. The goal of an accounting framework is to offer financial data about the studied organization. This data is normally about the financial status and productivity of the...
Accounting Information system " Article Critique "
6 pages (1500 words) , Essay
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...Accounting Information System Selection in Small Organizations: Incongruences Between Accounting Professionals Submitted by: XXXXXXX Student Number: XXXXXXX Tutor’s Name: XXXXXXX Subject: XXXXXXX Subject Code: XXXXXXX University of XXXXXXX Date of Submission: XX – XX – 2010 Number of Words:1492 (Excluding Bibliography) Introduction: With the growing numbers of small businesses, there has also been a surge in the need for accounting information systems. An accounting information system is a system used by businesses to maintain their accounts (David & Merle, 1996). The main reason accounting information systems are used is that it includes proper collection of data as well... as provides...
Financial and Management Accounting information
6 pages (1500 words) , Essay
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...accounting is concerned with determining profits and balance sheet position (Atrill and McLaney, 2003; Berry & Jarvis, 1997; Dyson, 2003; Glynn & Murphy, 1998; Wood & Sangster,2002). Financial accounting information is mainly used for communication to outside parties and to satisfy legal requirements (Atrill & McLaney, 2003; Berry & Jarvis, 1997; Glynn & Murphy, 1998). Management accounting is the process of identifying, recording, classifying, analysing and reporting of all cost aspects of information for management decisions, planning and control, performance evaluation, and even strategic purpose (Berry & Jarvis, 1997; Dyson, 2003; Glynn & Murphy, 1998; Wood & Sangster, 2002). Management... Financial...
Accounting Information and Decision Making
1 pages (250 words) , Assignment
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...Accounting Information and Decision Making Question The main financial ments are the income ment, the cash flow statement, the balance sheet and the owner’s equity statement. The income statement is an indicator of the amount of money earned within a certain period of time and the expenses incurred within that same period. The cash flow statement is an indicator of the source of cash used in the daily routines of a business and its uses. The balance sheet is an indicator of the financial state of a business at a given period. It shows the current and fixed assets as well as the current and fixed liabilities (Collier, 59). If I were an investor, I would...
Accounting Information in Decision Making
4 pages (1000 words) , Essay
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...Accounting Information in Decision Making Task: Outline i. Introduction ii. Models of decision-making and their limitations(constraints) a. Individual: Subjective Expected Utility b. Group: Theory of the Firm iii. Role of managerial accounting in providing information to aid individual and group decision-making a. Individual Roles b. Group (corporate) iv. Conclusion Accounting Information in Decision Making Introduction Engaging accounting information is an idea of great magnitude in decision-making. Decisions adopted by a business defines it success. This...
Hacking the Accounting Information System
5 pages (1250 words) , Research Paper
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...Accounting Information System Introduction Accounting system is basically the financial management of a business and it contains many confidential information and need security at all times. An unauthorized access to the accounting information can be damaging to the accounting data. When the accounting data is altered or deleted it can create chaos in the accounting department. The damage can vary accounting to the size of the business firm. Today, the whole business works with internet facility hence the risk of hacking on accounting information system in high. Hacking is of growing concern as they can hack the password and also can crack codes which can alleviate the problems... in an...
IMPACT OF MORE ACCOUNTING INFORMATION
12 pages (3000 words) , Essay
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...ACCOUNTING INFORMATION Introduction This analysis deals with the impact of more accounting information under different situations. The analysis begins with an explanation of the process of accounting highlighting in particular, the representational nature of accounting showing the differences in users of financial statements. The impact of more accounting information will be discussed in relation to the users of the financial statements such as the shareholders, suppliers, customers and creditors. Likewise, the impact of more accounting information when used by the competitors (Molloy and Molloy, 1996) or employees will also be discussed. Considerations of future situations tend... IMPACT OF MORE...
Hacking the Accounting Information System
4 pages (1000 words) , Essay
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...Accounting Information System a Firm al Affiliation. An information system is always made up of personnel and computers with an aim of processing and interpreting information. Effective components a better information system must therefore be able to collect, manipulate, disseminate data and information. Through these related functions top managers and their subordinates will be able to access timely feedback in meeting an objective. Proper information management is there very vital in the performance of a firm. These computer in the system enables storage of information which can only be accessed by authorized people. These authorized personnel will for this reason have passwords and codes... Hacking...
: Internal Control - Accounting Information Systems
4 pages (1000 words) , Essay
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...Accounting Information Systems Write a memo to the CEO of Big Australian Company to explain why internal control is important to the business in general. MEMO TO: CHIEF EXECUTIVE OFFICER, Big Australian Company FROM : Auditor Internal control1 comprises the plan of organization and all the coordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies. Internal control main function is to minimize or eliminate fraud or error in the preparation of financial... INTERNAL CONTROL Topic: Internal Control -...
Feasibility Report ( Accounting Information System )
17 pages (4250 words) , Essay
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...Accounting Information Systems Case Study: Ski Zone Feasibility Report Submitted by: XXXXXXXX Number: XXXXXXXX XXXXXXXX Subject: XXXXXXXX Subject Code: XXXXXXXX University of XXXXXXXX Date of Submission: XX – XX – 2010 Executive Summary SkiZone is a small to medium sized business which deals with ski products, and also lucrative snow ski hire. The company has three stores in Newcastle, Wagga Wagga and Wollongong. Each of the centres is individually managed and the company lacks a clear integration in the stores. Also, there is lack of technology in the company which has led the company to be faced with high process flows and more complex work systems. Based on the company details... of the...
Accounting Information System in Companies in Australia
6 pages (1500 words) , Research Paper
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...ACCOUNTING INFORMATION SYSTEM IN COMPANIES IN AUSTRALIA Introduction Accounting information system (AIS) is commonly used by businesses to maintain the records of financial data such as sales, expenses etc. The basic aim of using accounting information system is the accumulation of data so that key stakeholders including managers, creditors and investors may access the information. Actually organisations are becoming more and more dependent on accounting information systems to maintain... Table of Contents Introduction 2 Literature Review 3 Purpose of Study 5 Research Objectives 6 Research Questions 6 Methodology and Research Design 7 Strengths and Limitations 9 Bibliography 10 THE ROLE OF ACCOUNTIN...
The Need for Management Accounting Information
12 pages (3000 words) , Essay
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...Accounting Information Executive Summary A concrete management decision is based on reliable information which is explicit and generated from mechanisms that are rational. Management accounting information is one such information. By virtue of being in-depth and forward looking, this information is used by managers to make strategic decisions as opposed to relying on financial accounting information which is historical. An organization that utilizes management accounting information is better placed to conduct cost benefit analyses and CVP analyses for short term decision making. It can also make better capital budgeting decisions, strategic plans, cost allocation... and financial forecasts....
Role and Purpose of Accounting Information Systems
5 pages (1250 words) , Term Paper
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...Accounting Information System Accounting information system refers to a system that collects, processes, and stores the accounting and financial data used by the decision makers and the organization in general. An accounting information system provides timely and accurate financial information for internal management purpose most of which are built upon software programs or applications. It employs physical resources and components to transform data into information, which can be used by the management and owners of the business. This paper discusses the roles and purposes of accounting information system. Roles accounting information system First, the role of the accounting... Role and Purpose of...
Report about an Accounting Information Systems Disaster
4 pages (1000 words) , Essay
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...Accounting Information Systems Disaster From The Finance Manager, Finance Department, Craven Comics. To Mr. Peter Craven, Managing Director, Craven Comics. Sir, Sub: Analyzing the issues of Accounting Information Systems The purpose of writing this report is to keep you informed of some of the issues regarding the setting of new accounting information system. As our aim is to make our business more effective, we need to establish an effective accounting information system. From my experience and view point, I would like to mention some of the issues related to the implementation of the new system. Changeover and System Integration The change of the old system to a new one is a very... ?Report on an...
The usage of financial accounting information
4 pages (1000 words) , Essay
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...accounting information is for funding purpose. Capital from shareholders and loans and credit from creditors require reporting of financial accounting information to solicit funds. Since the shareholders provide the funds for the organization to run, they are interested in the returns earned on their investments. Financial ratios such as return on shareholders' funds can be calculated to assess the returns earned on their investments. They use information on past performance obtained from the financial statements comprising the profit and loss statement, balance sheet, and cash flow statement together with the present economic market conditions to predict the future... One of the uses of financial...
Replacing Accounting Information System with New Ones
5 pages (1250 words) , Essay
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...Accounting Information System with New Ones Introduction Accounting Information System (AIS) can be simply referred to as a system designed for gathering, storing, and processing financial and accounting information used for decision making purposes. Every organization tends to update its AIS in order to effectively meet the changing business needs. This paper will critically analyze all the three AIS options suggested in the given case scenario and recommend the most potential one for the company. An Overview of the Change Context The modern business environment is continuously changing and the same trend is visible in the interests of customers and investors. It is evident... that an...
Automated Process of Accounting Information Systems
2 pages (500 words) , Essay
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...Accounting Information Systems Affiliation with more information about affiliation, research grants, conflict of interest and how to contact. Automated Process of Accounting Information Systems Explain the rationale and analysis behind the recommended course of action. Kathy Kudler was started Kudler Fine Foods as a smart gourmet food market. The group has made the choice to purchase industry specific software from Counter Point. The characteristics of industry specific software are quicker implementation, knowledgeable training and lower cost. The main features contained in the software are Inventory Control, Point of Sale, Customer Management, Reporting, Purchasing... Automated Process of...
Improving Transactional Processing in Accounting Information Systems
7 pages (1750 words) , Research Paper
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...Accounting Information Systems In the current world, all sectors have the need to embrace Technology in development of Information Systems. Technology promises a very clear and prospective atmosphere for businesses. All businesses involve transactions and by improving how transactions are done in accounting is the basis to a developed business. However, it is never “All roses” at it may often appear. At times, technology comes with its own risks which may not be tolerable in the business fields. It is hence important for businesses people to carry out analysis and weigh the advantages and the disadvantages before implementing a new technology... into their businesses. Improving Transactional...
Risk analysis in accounting information system
13 pages (3250 words) , Essay
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...Accounting Information System 2 Risk Analysis in AIS: 3 Security Issues in AIS: 4 Disaster Recovery: 6 Data recovery strategies 7 HIPPA: 8 Impact of new technologies on AIS: 9 Real Time Vs. Batch wise data processing in AIS: 10 EDI 11 XBRL: 14 Summary: 15 Overview of Accounting Information System Accounting information systems are a vital part of an organization's day-to-day operations. Every transaction has to be recorded in order to produce financial statements or any type of informal report that management may want to use for analysis. For this reason, accountants were some of the first people to need information systems. The advent of computer... Table of Contents Overview of...
Accounting Information Systems - Fraud in the AIS
10 pages (2500 words) , Research Paper
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...accounting Information System (AIS) within an organization is meant to help the organization’s accounting function, through the collection, processing, storage and then dissemination of the accounting information to the organizations stakeholders or other externally authorized and interested parties such as the auditors (Hall, 2013). In this respect, any form of fraud or embezzlement of the funds belonging to an organization occurs as a result of the failure of the organization’s accounting information system (Hall, 2013). Thus, there are various ways in which both the...
Accounting Information Systems and Control Issues
6 pages (1500 words) , Essay
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...Accounting Information Systems and Control Issues Introduction The four main roles played by a manager in any organisation is to plan, to organise,to engage staffs, to direct and to control. By controlling it is verified whether all aspects of the business is occurring with conformities with the plans that were implemented, with the instructions that were issued and the principles that were established (Fayol, p.107). A Control Manager warrants efficient and effective exploitation of resources in an organisation so that the planned goals are achieved. It seeks to measure the divergence of actual productivity from the benchmark performance and analyses the...
An evaluation of computerised accounting information systems
12 pages (3000 words) , Essay
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...accounting information systems Table of Contents Table of Contents 2 Part 3 Part 2- 11 Reference 15 Bibliography 17Part 1- Introduction The integration of the business practices and modern technology has facilitated dissemination of crucial information thereby improving the process of business decision making. The introduction of computerisation in the accounting of business transactions has undoubtedly altered the process for the better however, the increased use of computerised accounting practices is fraught with some serious issues. The fully computerised accounting system has made the businesses vulnerable to fraud, corruption besides increasing the spate... from various...
An evaluation of computerised accounting information systems
12 pages (3000 words) , Essay
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...accounting information systems Table of Contents Table of Contents 2 Part 3 Part 2- 11 Reference 15 Bibliography 17Part 1- Introduction The integration of the business practices and modern technology has facilitated dissemination of crucial information thereby improving the process of business decision making. The introduction of computerisation in the accounting of business transactions has undoubtedly altered the process for the better however, the increased use of computerised accounting practices is fraught with some serious issues. The fully computerised accounting system has made the businesses vulnerable to fraud, corruption besides increasing the spate... money in small amounts from...
Accounting Information Systems - Information Needs for the AIS
5 pages (1250 words) , Research Paper
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...Information management in Accounting Information System of Introduction An accounting information system (AIS) can be defined as a arrangement where raw accounting data are collected, recorded, stored and processed for producing information that are useful to decision makers. The development of AIS has been a revolutionary step in the business world and has presently become a very well-known tool in various business sectors. The AIS is highly flexible in nature and is generally modified by user as per requirement. On the basis of requirements, the cost associated with...
Advantages of applying Accounting Information System in the banking sector
4 pages (1000 words) , Term Paper
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...Accounting Information System Task Introduction In the past, every transaction that the banks engaged in were hand recorded. The process involved a lot of paper work specifically in the case of large organizations that make thousands of transactions on a daily basis. However, there has been a commendable development in the management of the accounting information. A new system, involving the use of accounting software, has been discovered and implemented. The use of accounting software has significantly aided the storage and processing of the accounting...
The impact of Accounting Information System on the audit process
6 pages (1500 words) , Essay
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...Accounting has been defined as the set of idea and method wherein the financial information is being based upon, while auditing is the examination on the correctness of the financial information of a company (Principles of Accounting.com, n.d.). Companies are experiencing changes in its operation that had been alarming nowadays. Surviving and succeeding had been a great challenge for companies on how to effectively and efficiently respond to these changes. Advancement of information technology towards industry transformation is the good response (Banker, et al., 2002, p.209). In the field of accounting and auditing, the performance of functions has a great role in which auditors... and...
ACCOUNTING INFORMATION SYSTEMS
2 pages (500 words) , Essay
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...information as all records are kept in the computer, and the confidential information is sent to the company’s database. The use of QuickBooks establishes a proper way of controlling the cash, and this ensures no fraudulent action happens in the company as there are individuals who are accountable for every receipt. However, the owner admitted again that she is not on top as far as keeping track and keeping a list of the inventories. Most of the time, she use the check to pay the cost of goods sold to the credit card company without checking the book records, portrays poor record keeping and the company may end up paying more than what is required hence lowering the profits accrued... Information...
Accounting Information Is Produced Only For Its User
7 pages (1750 words) , Essay
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...ACCOUNTING INFORMATION IS PRODUCED ONLY FOR ITS USER Accounting Information Is Produced Only For Its User of Institution] Accounting Information Is Produced Only For Its User Accounting is normally depicted as the "universal language of business," and for fine explanation. Accounting procedure is an economic information system premeditated to interpret, organize, store details, and keeps an account of pecuniary accounting information of concern to multiple organisations. Managerial accounting is the division of accounting contemplation and study that deals with presenting knowledge that helps decision makers to lead to some conclusion within the organisation, correlated... to the consumption...
Accounting Information Is Produced Only For Its User
7 pages (1750 words) , Essay
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...ACCOUNTING INFORMATION IS PRODUCED ONLY FOR ITS USER Accounting Information Is Produced Only For Its User of Institution] Accounting Information Is Produced Only For Its User Accounting is normally depicted as the "universal language of business," and for fine explanation. Accounting procedure is an economic information system premeditated to interpret, organize, store details, and keeps an account of pecuniary accounting information of concern to multiple organisations. Managerial accounting is the division of accounting contemplation and study that deals with presenting knowledge that helps decision makers to lead to some conclusion within the organisation, correlated... to the consumption...
Accounting Information System: Security, Privacy and Other AIS Issues
13 pages (3250 words) , Essay
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...Accounting Information System 2 Risk Analysis in AIS: 3 Security Issues in AIS: 4 Disaster Recovery: 6 Data recovery strategies 7 HIPPA: 8 Impact of new technologies on AIS: 9 Real Time Vs. Batch wise data processing in AIS: 10 EDI 11 XBRL: 13 Summary: 14 Overview of Accounting Information System Accounting information systems are a vital part of an organization’s day-to-day operations. Every transaction has to be recorded in order to produce financial statements or any type of informal report that management may want to use for analysis. For this reason, accountants were some of the first people to need information systems. The advent of computer technology... Table of Contents Overview of...
Accounting information system "Implementation Plan"
14 pages (3500 words) , Essay
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...information. An entry in audit trail would be created in case changes are made to any of the information mentioned in the list below: Date of Transaction Document number Payment terms Sales rep Shipping date Modifying user Account Class Associated name Amount Quantity Unit price Item Payment method Due date Recon. Status postingstatos transaction type Un-deposited money Account Fraud detection is also an important utility offered by Enterprise Solutions. It would add an Un-deposited money account to the chart of accounts automatically when the company receives the payment for an invoice for the first time... Reliable Solutions wants to implement a new system for Hydraulics Manufacturing Co. that would ...
Effects of emerging technologies in Accounting Information Systems- focusing on XBRL
10 pages (2500 words) , Research Paper
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...Accounting Information System Introduction The development in technology has facilitated companies to produce and use accounting information systems. For enhancing the financial reporting process, an open and free standard specifically XBRL based on XML is prepared through compliance with the accounting guidelines (Baldwin, Amelia and Trinkle 1-24). XBRL (extensible business reporting language) is an XML (extensible markup language) supported standard for the electronic communication of accounting and business information. The primary objective of XBRL is to ease the preparation, publishing, exchange and analysis of financial statements. Due to numerous... of the of the Number XBRL Technology in...
Objectives of Accounting Information System, Internal and External Transactions, Peachtree Exercise
10 pages (2500 words) , Essay
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...ACCOUNTING INTRODUCTION BOOK KEEPING OBJECTIVES OF ACCOUNTING INFORMATION SYSTEM NEED OF BUSINESS RECORDS WHAT IS TRANSACTION INTERNAL TRANSACTION EXTERNAL TRANSACTION AFFECTS OF TRANSACTION ON THE "ACCOUNTING EQUATION" Transaction # 01 OBJECTIVES OF MANAGERIAL ACCOUNTING COMPUTERIZED BASED ACCOUNTING INFORMATION SYSTEM Peachtree Introduction PEACHTREE EXERCISE Bringing up Peachtree Setting up a new company Company Information Page Chart of Accounts Journal Entries Financial Reports MY REVIEW References: ACCOUNTING INTRODUCTION Accounting is the "Language of Business". The manager cashier ands salesmen use the term accounting to explain the events of the existence... of...
It is often claimed that the process of computerising accounting information systems (AIS) and telecommunicating accounting info
6 pages (1500 words) , Essay
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...Accounting Information Systems (AIS) And Telecommunicating Accounting Information Table of Contents Introduction 3 Evolution of Accounting System 3Computerising Accounting Information System and its Impact 5 Impact of Telecommunicating of Accounting Information 6 Addressing the Security Issues of Using Computerizing AIS and Its Telecommunication of Accounting Information 7 References 8 9 Bibliography 10 Introduction Every business, big or small, must maintain proper records of their daily transactions....
An Overview of the Auditing Process, The Risk-Based Audit Approach with in an AIS (Accounting Information System)
3 pages (750 words) , Essay
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...information maintained by the company to formulate opinion on various accounting assertions and communicate the results to the users of financial information, needs to be carried out with an objective of determining the possibility of occurrence of the errors and irregularities and the extent to which they can cause risks for businesses... The Risk-Based Audit Approach within AIS Sur The Risk-Based Audit Approach within AIS Risk based approach to auditing is the methodology which provides assurance that risks are being managed within the prescribed limits of risks. By this it is understood that auditing, which is a systematic process carried out to obtain and evaluate evidence from different sources of...
Discussion 1: "Accounting and Society", and Discussion 2: Financial Accounting Information"
1 pages (250 words) , Assignment
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...Accounting is very important for the United s economy. The entire revenue system of taxes employed by the United s depends on the work of accountants in order to collect revenues from individuals and corporations. Back in 2001 when the investor community lost confidence in the profession the Congress of the United States had to intervene and create the Sarbanes and Oxley Act. It is imperative for the investor community to trust the accounting work presented in the financial statements of public corporations. There are thousands of businesses in America that depend on accountants to keep track of the financial records of the companies. Accountants in the 21st century have expanded... ?Discussion question...
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