Accounting Information System Recommendation to S & S
The business of S & S is to sell appliances and consumer electronics both in a brick-and-mortar store as well as to provide their products on the internet via an electronic storefront. S & S has seen incredible growth over their short time in business and is very successful. They currently own and operate five stores and a popular web site.
S & S began with a rudimentary AIS selected by their accountant with only a few weeks to research and decide on a product before the grand opening of their business. After several months, it was apparent the growth this company experienced simply could not be handled with this type of system. It was at that time the company hired Computer Applications, a systems consulting firm, to help them select and install a new and more powerful AIS. Upon the initial meeting, S & S’s accountant simply did not understand the requirements for the company so he began a thorough and in-depth analysis of the business and developed detailed documentation and flowcharts of the processes within the company to assist the consulting firm in designing the new system.
As the consultant designing this system for S & S, it is important that the owners understand what an Accounting Information System is. As stated in the textbook, an AIS is “a specialized subset of information systems that processes financial transactions.” In addition, Carol Wiley, a contributing writer to accountingedu.org states
Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.
SMW is a wholesaler of specialty micro-brewed beers. SMW purchases bottles and kegs of beer from small microbreweries in the New England area and sells them to local liquor retailers in Boston. SMW’s slogan is “Always in-stock, next day delivery.” Ted Stern, SMW’s owner and CEO, hopes to expand sales to outside of the Boston metro area within one year.
This assignment reviews basic accounting entries for a series of transactions, emphasizes the integration of journals to the financial statements, and introduces students to these journal entries in SAP ERP
Go to Course Home and review the Course Project tab. Continue to use the Course Project template from Doc Sharing. In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of the Course Project.
* Accounting information systems depend on codes to record, classify, store, and retrieve financial data. Although it is possible in a manual system to use simple alphabetic descriptions when preparing journal entries, computerized systems use numeric codes (codes that use numbers only) or alphanumeric codes (codes that use numbers and letters) to record accounting transactions systematically. For example, a manual journal entry might include a debit to the “Direct Materials Inventory” account. In a computerized system, the debit might be to account “12345.”
Go to Course Home and review the Course Project tab. Then download the Course Project template from Doc Sharing. In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook.
Once an employee begins employment with a company he or she must first go through completion of the internship program. During the program the employee has a very important briefing that he or she completed on time, and then presented to the CEO of the company. The guidelines required to complete the briefing assignment consist of the explaining in detail the selection process, and how it was affected by the goals of the organization and stakeholders. The briefing will explain the process needed for selecting and acquiring an information system and how the goals of an organization can drive the selection of the system. The briefing will identify
Bagranoff, N. A., Simkin, M. G., & Strand, N. C. (2008). Core Concepts of accounting information systems (10th Ed.). New York, NY:
In the modern business today, there is no more manual accounting. Instead a lot of companies and businesses all over the world are trying to use and adapt by having an accounting system that is computerised, less hassle and fast processing.
With the use of AIS, risk management become higher and material weaknesses can be avoided that management can efficiently make decisions under reliable and accurate financial information. Therefore, there is a direct correlation between AIS and controls along with legislation.
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Test Bank
ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the
Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper
The aim of this report is to discuss the various methods of reducing computer fraud and to find out whether the computer security measures is necessary. In the main body of this report discuss about whether the
The application of Accounting Information Systems has become widespread among enterprises in Australia due to improved affordability and efficiency resulting from their technical power. The vendors have moved from desktop systems to cloud accounting, and it has led to a challenge of selection and implementation to customers and users. This paper offers a synthesis of literature on AIS in Australia, its history, development, and adoption, analysis of the current market size and how the leaders in the market have managed to carve out their competitive advantage. There are also gaps in the sector, in particular for customers. Hence the paper also provides recommendations.