Nobody downloaded yet

Replacing Accounting Information System with New Ones - Essay Example

Comments (0) Cite this document
Replacing Accounting Information System with New Ones Introduction Accounting Information System (AIS) can be simply referred to as a system designed for gathering, storing, and processing financial and accounting information used for decision making purposes…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Replacing Accounting Information System with New Ones
Read TextPreview

Extract of sample
"Replacing Accounting Information System with New Ones"

Download file to see previous pages It is evident that an organization would go out of business unless it effectively meets the changing needs and requirements of its customers and investors. Therefore, it is crucial for every firm to make its systems and processes up to date so as to better serve the stakeholder interests. As Beke (2011) points out, an accounting information system plays a pivotal role in processing financial and accounting data into understandable information used by the firm’s stakeholders including investors, creditors, and managers. An old version of AIS may not meet the current information needs of the stakeholders concerned (particularly in case of publicly traded companies) and this situation would cause dissatisfaction among them. Hence, it is better for organizations to modify the existing AIS on time or install a new one in order to keep their stakeholders satisfied. Such a change would probably assist the company to provide its stakeholders with more accurate and extensive information in lower time frame. Since modern business is based on highly complex processes and practices, stakeholder groups would be greatly benefitted from a high tech accounting information system that enables them to easily assess the company’s financial position. ...
Furthermore, the company may face numerous operational issues at the initial stages of the change execution. The following sessions assess the pros and cons of each available option. Advantages of AIS Purchase By purchasing a new AIS system, the company can acquire a potential and powerful system that can meet all modern business needs. This option provides the organization with Oracle team’s assistance in installation, configuration, and testing of the solution. The organization can reduce further system maintenance costs to some extent as this newly installed system can be used for a relatively longer time period. Disadvantages of AIS Purchase The feasibility of a new system may be unpredictable and, hence, the company cannot fully rely on it at its primary stages The company hast to invest relatively higher amounts in change management programs A decline in the total productivity at the initial stages of the change implementation may occur due to employee inexperience Advantages of Existing System Modification As compared to other options, the process of modification of the existing system requires less installation costs. Since the existing system is modified by its own information system group that is well aware of the firm’s needs, the company can ensure the development of proper AIS. The company does not need to depend much on external parties. Disadvantages of Existing System Modification Modification of an outdated system would be a complex task and hence this process may raise a range of potential issues to the company. If the system modification is not performed in an excellent way, then the company may be forced to spend further costs on the system in near future. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Replacing Accounting Information System with New Ones Essay”, n.d.)
Replacing Accounting Information System with New Ones Essay. Retrieved from
(Replacing Accounting Information System With New Ones Essay)
Replacing Accounting Information System With New Ones Essay.
“Replacing Accounting Information System With New Ones Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Accounting Information System
Accounting Information System Various activities are performed in order to achieve Top Burger desired output. Processes are the input activities that are performed on the inputs. From the case study, the following activities are performed: Feeding sales- this is the activity that involves entering of the sales transactions in the company data in order capture the amount of sales and the details by the use of the software.
5 Pages(1250 words)Essay
IFRS and Accounting
According to the report there are two forms of accounting typically taking place within an organisation, namely, financial accounting and management accounting. Financial accounting is mainly focused on provision of financial statements of interest to external stakeholders while management accounting is majorly focused on provision of details.
9 Pages(2250 words)Essay
Accounting Information System
The Accounting Information System for this company has been setup as a complete system to reflect the whole procedure of processing the accounting transactions. It starts from recording journal entries (double entry system) and the adjusting entries, continues to the preparation Trial Balance, and finally to Profit and Loss statement and Balance Sheet.
1 Pages(250 words)Essay
Feasibility Report ( Accounting Information System )
Based on the company details and the requirements of the company a number of Enterprise Resource Planning systems have been researched
17 Pages(4250 words)Essay
Accounting Information system Article Critique
Accounting information systems were previously paper based, however with the growth of technology, now most companies use electronic
6 Pages(1500 words)Essay
Accounting information system Implementation Plan
The latter part of the paper would evaluate the final output and measure the profitability of the system with the help of post implementation reviews. The implementation strategy describes those methods and procedures that we need to perform for setting up the new
14 Pages(3500 words)Essay
Accounting information system
The database is created using the Ms Access application. It entails tables, Queries, Forms and Reports. The Tables forms a basic unit for storage in the database. the clients, records and information is stored in the clients table, the invoices are stored in the invoice
5 Pages(1250 words)Essay
Accounting information system
They include: The revenue cycle essentially involves all the activities and processes from the time a product is ordered by a client to the point in which the product is delivered or collected by the client in exchange for
6 Pages(1500 words)Essay
Accounting information system
There are no purchase orders, sales processing, invoicing and such processes in this cycle. The revenue cycle is simply initiated by developing a proposal that is submitted to various donors who will either decide to sponsor the project or decline.
5 Pages(1250 words)Essay
Hacking the Accounting Information System
Proper information management is there very vital in the performance of a firm. These computer in the system enables storage of information which can only be accessed by
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Replacing Accounting Information System with New Ones for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us