Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.
DSS systems are beyond doubt helpful in assisting management and providing solutions while confronting complex issues. However, artificial intelligence can be included to enhance DSS capabilities. An Information Technology department “can further expand business brainpower by means of artificial intelligence (AI)-the science of making machines imitate human thinking and behavior.” (Haag, Cummins p.167) The AI systems that are utilized in the business world include expert systems, neutral networks, genetic algorithms, and intelligent agents.
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.
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.
Bagranoff, N. A., Simkin, M. G., & Strand, N. C. (2008). Core Concepts of accounting information systems (10th Ed.). New York, NY:
At Terma North America Inc. (Terma), working as a financial analyst intern can be difficult when trying to explain the accounting software, IFS, to program managers who do not have an accounting or finance background. However, it is essential for the managers to understand the information found in IFS, due to the fact that the finances for their projects are stored here. Customers depend on the managers to be knowledgeable about their projects; therefore, it is my job to ensure that the managers understand the information within the system. During my internship, I have experienced situations where managers would become flustered, because they do not know what certain numbers represent.
The expansion of a new product line is an important growth strategy for a business that wants to increase their market share and revenue opportunities. Hamptonson is a midsized company that currently produces goods in the health food industry and will soon introduce a new line of health beverages on the market. Their decision is based on research and studies completed over time in the market and data obtained from various customer sources. Adding new products will enable Hamptonson to offer more to their existing customers and attract new customers who are unsatisfied with the limited options on the current market
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
Mighty Leaf Tea is a company that is moving forward and looking to expand their market share. Currently, their products are available in many grocery stores nation-wide. However, they need to establish a strategy to pursue in the future. One strategy would be to rebrand their product. The case notes that customers may not be
In this essay I have explained the importance of computerised accounting using ERP solutions. First I explain various accounting processes in a company in two broad classes. Then I explore various features in the mySAP ERP solution and how they cater to these processes. Then I explain the recent changes in accounting standards due to the Sarbanes Oxley act and their repercussion to the design of ERP solutions. Then I explained how mySAP helps companies to be compatible with the regulation. The success of ERP implementation is based on various factors. I have researched 3 famous failure and 3 famous success stories in ERP implementation and explained the effect on the companies.
Access to vast amounts of data is creating paradigm shifts in business. What is the impact on accounting? Manual tasks are being automated at a fast pace. Technological advancements, along with the transformation of buying habits to more web-based purchasing is creating opportunities to observe elements of human behavior not previously tracked. Enhanced data tracking creates a sea of data elements available for harvesting. Companies are forming strategies using correlation analysis of behavioral patterns extracted from web activities. Executives are analyzing data elements relevant to their business to improve the efficacy of strategic decisions. As part of the development of stronger data analytics, executives see the choice of an Accounting Information System (AIS) as a critical component to execution. Data analytics, if accurate and relevant to the business, can be an effective tool to enhance performance in most business aspects, including accounting, operations, internal audit, external audit, and forensic accounting. The future opportunities in accounting are in forward-looking, analytical roles.
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
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
The following paper will discuss how Starbucks would utilize tea and instant coffee in marketing and conducting business in Asia. In this particular aspect I will discuss the culture, habits, and perceptions of tea on the Asian culture. Starbucks has the opportunity to capitalize on a top fixture of Asian culture which is tea. The essay will challenge the reader to utilize their critical thinking skills as to how Starbuck will utilize business practices to conduct business in Asia..
Similarly the accounting information system is the system to keep the records of business to regulate its accounting system. It Includes categories like sales, purchases and various monetary processes of business. The basis of AIS is to gather the data and provide it with information to the investors, creditors and managers.