Role of the Accounting Information Systems in Modern Organizations

Please download to get full document.

View again

of 4
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Similar Documents
Information Report
Category:

Documents

Published:

Views: 36 | Pages: 4

Extension: PDF | Download: 0

Share
Description
Role of the Accounting Information Systems in Modern Organizations
Tags
Transcript
  Role of the AIS in Modern Organizations Section 1)Introduction Modern organizations are type of organizations that are using information systemsextensively, which are computer-based and it can be in several forms. The project assignmentis focusing on accounting information systems that will be serving accounts department inany organization or for accounting purposes 1 .The purpose of project assignment is to identify role of the accounting informationsystems and to analyze how they are playing these roles in modern organizations. By the endof project assignment, there will be realization how effective role that accounting informationsystems is playing to develop and to maintain modern organizations. Section 2)Role of the AIS The role of the accounting information systems is based on business function and natur  e of a particular modern organization. Moreover, it is varying based on the size and typeof organization and their  business or services industry . However, its general role is to  facilitate reward systems allocation that modern organization will need to reward 2 .The capturing of financial data is in the traditional accounting information systemswhile non-financial data capturing was in the other such as it can be redundant systems. Oneof the examples is enterprise resource planning  that will be including to support and to provide financial and non-financial information along with accounting information systems’straditional functions 3 .It is another role played by accounting information systems wherespecific  system is integrated with other departments for aligning and processing needsequally. 1 Moeller, R. R. (2005).  Brink's Modern Internal Auditing  . New York: John Wiley and Sons. 2 Sisaye, S. (2001). Organizational Change and Development in Management Control Systems: Process Innovation for Internal Auditing and Management Accounting  . New York:Emerald Group Publishing. 3 Jackson, Sawyers, and Jenkins. (2008). Managerial Accounting: A Focus on Ethical  Decision Making. New York: Cengage Learning.  Zubaidah Abdul Rehman, 20042080 Page 1 of 4  Role of the AIS in Modern Organizations Accounting information systems works towards  success of the organization whenthere is incorporation of information and communication technologies , which is importantrole. Therefore, it will be driving towards innovation of accounting practices . Some of theresponsibilities relatively are  process management and operational activities, internal reporting and external reporting  4 .In most of the modern organizations, it has become essential that accountinginformation systems produce information that is aligned with  strategic perspective . This isone the major roles that accounting information systems are into. Therefore, accountsdepartment will not just review internal operations but they will be working towards producing information that will benefit making external decisions . This will be related to the external environment of the organization and competition 5 . 2.1)Role by Accountants in General An important role that accountants are playing is data processing  in accountinginformation systems. It will be answering the below questions 6 :  What are the data to be stored and entered?  Who are the employees to access these data?  How are the data supposed to be retrieved, accessed, stored, updated andorganized?  What are means for meeting information needs that are unanticipated or scheduled? 4 D'Atri, Marco, Braccini, and Cabiddu. (2010). Management of the Interconnected World: ItAIS: the Italian Association for Information Systems.  New York: Springer. 5 Adams, D. (2006). Management Accounting For The Hospitality, Tourism And Leisure Industries: A Strategic Approach.  New York: Cengage Learning EMEA. 6 Lehman, C. R. (1995).  Accounting's Changing Role in Social Conflict. New York: MarkusWiener Publishers.  Zubaidah Abdul Rehman, 20042080 Page 2 of 4  Role of the AIS in Modern Organizations 2.2)Role by Specific Accounting Professions General accounting in accounting information systems varies from specificaccounting professions. Therefore, the discussion related to role by specific accounting professions is mentioned and all the following should be prepared by using accountinginformation systems showing roles of each accountant 7 :  Financial accountants are preparing  financial information that is for  external decision-making.  Managerial accountants are preparing  financial information that is for  internal decision-making.  Auditors are evaluating controls and attesting financial statements to the  fairness .  Accounting managers are controlling all accounting related activities .  Consultants are devising  accounting information systems  specifications . Section 3)Conclusion In conclusion, no accounting information systems can play role in modernorganizations until and unless there are resources and  good effectively working system to dothat. The only reason that the organization is modern is because of information systems andspecifically for accounts department.The role of the accounting information systems is to meet the needs of the accountsdepartment as aligned with modern organizational needs . Modern organization will fail tomake decisions when there is absence of effective accounting information systems.Therefore, accounting information systems will enable in providing information that modernorganization can use to make proper and sound decision . Moreover, it is varying from oneaccounting profession to another. This shows that accounting information systems shouldsupport all accounting profession to play the role of supporter and enabler of effectivedecision-making. 7 Wilkinson, Raval, and Wing. (2008).  Accounting Information Systems: Essential Conceptsand Applications . Retrieved 1 November 2011 fromhttp://www.wiley.com/college/acc/wilkinson253529/site/ppt/ch_01.ppt  Zubaidah Abdul Rehman, 20042080 Page 3 of 4  Role of the AIS in Modern Organizations References 1) Moeller, R. R. (2005). Brink's Modern Internal Auditing. New York: John Wiley andSons.2) Sisaye, S. (2001). Organizational Change and Development in Management ControlSystems: Process Innovation for Internal Auditing and Management Accounting. NewYork: Emerald Group Publishing.3) Jackson, Sawyers, and Jenkins. (2008). Managerial Accounting: A Focus on EthicalDecision Making. New York: Cengage Learning.4) D'Atri, Marco, Braccini, and Cabiddu. (2010). Management of the InterconnectedWorld: ItAIS: the Italian Association for Information Systems. New York: Springer.5) Adams, D. (2006). Management Accounting For The Hospitality, Tourism And LeisureIndustries: A Strategic Approach. New York: Cengage Learning EMEA.6) Lehman, C. R. (1995). Accounting's Changing Role in Social Conflict. New York:Markus Wiener Publishers.7) Wilkinson, Raval, and Wing. (2008). Accounting Information Systems: EssentialConcepts and Applications. Retrieved 1 November 2011 fromhttp://www.wiley.com/college/acc/wilkinson253529/site/ppt/ch_01.ppt  Zubaidah Abdul Rehman, 20042080 Page 4 of 4
Recommended
View more...
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x