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The chances of failures can be decreased by executing the checks on the systems. These keep an eye on the systems preventing risks from occurring, and these checks are avoided as the interior controls. The motivation behind the inner controls is to keep the organization safe from risks associated with the modernized accounting-system risks. Organizations change their manual accounting systems to computerized accounting systems for different reasons, this incorporates the points of interest, and the explanation behind utilizing electronic accounting information is instinct. The organizations embrace the policies of their

This helps DRAKEN management and everyone within the company to have a sense of urgency about what needs to be done.

* 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.”

1. Whether you are using a manual or computerized accounting system, transactions must still be ANALYZED, RECORDED IN A JOURNAL, and POSTED TO A LEDGER.

Accounting  Financial Accounting  General Ledger  Master Records  G/L Accounts  Individual Processing  Centrally

A manual account system if developed correctly can be delivered timely and accurate information quickly, a disadvantage of a manual accounting system is errors however those errors sometimes manifest themselves which if using paper based account system can be damaged if water spills or any other things such as loss, another disadvantage of using accounting system is prone to errors we make on a daily basis which that can take up a little more time and if damaged recovery plans is hard to implement, but in a smaller business it may be a little easier to use but should be given to your own preferences, an advantage of using a manual accounting system is easier to be set up and quicker, more secure, cheaper, and does not need electricity or batteries therefore that can save up a lot of money in the facility.

The internal control structure that can be installed in a new accounting system will help eliminate security risks through mechanics and procedures rather than expensive people ("Accounting - Basic Accounting Components of the Accounting System", 2003).

In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but

There are many types of information systems that are employed by payroll, accounts payable, accounts receivable, and accounting. Input controls help ensure the validity, accuracy, and completeness of the data entered into an accounting information system. When working with input controls it is important to observe, record, and write down all the companies’ data. When observing the data the company must make use of dual observation, for the

Allows efficient discussion and knowledge sharing with a large audience within a short period. It can be done at various levels viz: all staff, by business units, within individual teams.

Different organizations in the late 1960s and early 1970s have begun to promote and develop electronic systems to manage accounting includes payments, account monitoring, ordering, admissions, transfers and discharges to help control and cut down the hospital expenditures. As technology became more advanced, the management began to develop applications and systems for computers within specialized areas like laboratory, pharmacy, radiology and nursing. These systems were curved in view of monetary goals of the organization as well as were focused and adapted for nursing which is a major workflow in the hospital.

All recorded data related to accounting can be managed under the accounting information system database. The confidential information in AIS must be available and protected with authorizations only each division should have access to. Each user has a personal identification and authentic password for authorization to the system and departmental data access. Some AIS also has security resets to users so their access isn’t compromised. This eliminates risk associated with internal data abuse and unauthorized department access. AIS have virus, disaster recovery and system updates. A virus will be a disaster for AIS. Whether internal or external, a threat can destroy a system data. Information security has keep accounting systems protected from

3. To transmit information effectively to the IT department, in order to obviate the delays in the updating of employees.

The system allows to company to modernize its strategies and processing more efficiently than its competitors

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