StudentShare solutions
Triangle menu

Accounting Information Systems and Control Issues - Essay Example

Nobody downloaded yet

Extract of sample
Accounting Information Systems and Control Issues

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 causes of the divergence if any and renders measures to take corrective actions. Controlling has several features: As dynamic in nature, it enhances the coordination of activities taking place in an organisation and helps in the process of planning. Internal control In the context of accounting and finance, internal control relates to a process by which the structure, the flow of task and authority, the people and the management information systems are designed in a manner so as to help an organization achieve definite goals and objectives. By this operation an organization directs monitors and measures its resources. Control plays a significant part in checking and identifying fraud and defending both physical resources like land and machinery and intangible resources like goodwill or intellectual property (Trenerry, p.126). The objectives of internal control in an organisation would mean delivery of reliable financial reporting, opportune feedback when operational goals are achieved and conformity with rules and regulations. At the level of a specific functional department, internal control, also referred to as operational control, refers to the means by which definite objectives are achieved. For example, all the transactions that are taking place between the company and the suppliers are should be accounted for. Internal Control system is implemented over Financial Reporting to ensure accounting statements are accurate so that the financial statements are reliable (Harrer, p.2). Revenue Control Issues in FoodRUs FoodRUs, a countrywide chain of wholesale depot, supplies to the small to medium scale shops and catering businesses. The credit terms with its customers is that if a customer has good credit records then they can buy on account. Else they are to pay 100 % cash before taking delivery of their merchandise. The company also has an online portal through which they sell their products. The main control problem that ...Show more
Cite this document
  • APA
  • MLA
(“Accounting Information Systems and Control Issues Essay”, n.d.)
Retrieved from
(Accounting Information Systems and Control Issues Essay)
“Accounting Information Systems and Control Issues Essay”, n.d.
  • Cited: 0 times


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…
Accounting Information Systems and Control Issues
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Accounting Information Systems and Control Issues"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

An evaluation of computerised accounting information systems
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 of criminal and illegal activities resulting in severe losses to the corporate.
12 pages (3000 words) Essay
Evaluating accounting control systems
This COCO method is thought to be more concrete and user friendly method of Internal accounting control system. The concept of managerial accounting has been mentioned in this COCO framework. What is Internal Control? Internal control can be explained as any action taken by an industry to assist increases the likelihood that the purposes of the industry will be achieved.
4 pages (1000 words) Essay
Report about an Accounting Information Systems Disaster
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 crucial task, and we need to consider various factors which have an influence on the organization.
4 pages (1000 words) Essay
Current Issues for Strategic Information Systems Report
er GLM) in the future. In analyzing the technologies, the report emphasizes on the opportunities and benefits of these technology for the organization for the next five years ending 2017. Furthermore, the report also includes a risk analysis for GLM’s adoption of the technologies, as well as a general risk assessment that incorporates a risk limitation plan.
8 pages (2000 words) Essay
Management Control Systems
Effective management is the key to improved organizational productivity and performance. Companies use management control systems to support organizational objectives, control activities, and drive organizational performance.
8 pages (2000 words) Essay
It is often claimed that the process of computerising accounting information systems (AIS) and telecommunicating accounting info
Keeping record of every transaction is very important to businesses because the business runs on the capital of the owners’ and all other entities are accountable to their stakeholders. Traditionally, the all meaningful transactions related to business were used to be recorded and maintained manually or in hand written registers or ledger books.
6 pages (1500 words) Essay
: Internal Control - Accounting Information Systems
Internal control main function is to minimize or eliminate fraud or error in the preparation of financial statements mainly divided into administrative controls and accounting controls by setting accounting and operational procedures that eliminate or minimize fraud or error.
4 pages (1000 words) Essay
Accounting Information System: Security, Privacy and Other AIS Issues
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.
13 pages (3250 words) Essay
An evaluation of computerised accounting information systems
The fully computerised accounting system has made the businesses vulnerable to fraud, corruption besides increasing the spate of criminal and illegal
12 pages (3000 words) Essay
Information Systems in Accounting and Finance
Some of the resources that would need protection are the resources (channels of communication, hardware, software, operating environment, people, and the documentation) and the data (that includes the message in transit, databases and files). Security measure
10 pages (2500 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Accounting Information Systems and Control Issues for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us