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Accounting Proposal - Essay Example

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Accounting is an integrated process that entails measuring, processing, analysing and communication of financial information pertaining to business transactions. It primarily involves the process of doing a systematic and comprehensive record of financial transactions related to…
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Accounting Proposal
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Accounting Proposal

The current revolution in the information technology industry has had an important impact on the accounting information systems (AIS).Traditional bookkeeping and accounting methods proved to consume more time and involved a lot of resources and in extension, led to high costs of production. Improvement in IT has led to the development of computers and thus facilitated the easy computerization of accounting (Prasad & Green, 2015). I intend to pursue an accounting project focussed on finding out effective and efficient ways through which small businesses can incorporate the usage of computerized accounting systems to reduce the accounting workload. My project will be titled “Integrating computerized accounting into small scale businesses.”
The research study has a very broad scope. The project covers a variety of aspects that are useful in various ways to different people. It enables small scale businesses to find out the expectations of customers about tally accounting software. Moreover, it shows various reasons for selecting different accounting packages and also gives a representation of customer satisfaction after the usage of accounting software by the business.
My project focuses on small businesses that do not see the need to incorporate computerized Accounting Information Systems because they are small and consequently will not benefit much. Computerized accounting information systems have caused the substitution of manual bookkeeping systems with digital ones. Manual processing of data is slow and prone to error, unlike computerized accounting (Prasad & Green, 2015). Improvements in technology have resulted in quicker ways of collecting, processing and retrieval of data. Automated accounting systems have taken over the functions of manual accounting systems. An example of such functions is the data input function. In manual accounting, the data capture happened together with the source documents ... Read More
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