Information Need For Accounting Information System AIS - Research Paper Example

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This paper will assess how corporate leaders may make improper assumptions related to accounting information systems and the related information. It will indicate the most negative potential impacts on business operations related to these assumptions…
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Information Need For Accounting Information System AIS
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Download file to see previous pages From this paper it is clear that corporate leaders might consider the accounting information system as a system that can function efficiently independent of the overall management system as long as it is developed in the right manner and in line with the objectives of the company. However, this can lead to improper assumptions of the accounting information system because the accounting information system is one of the important components of the management system and as such must be integrated into business management and its performances as a part of the overall management system function.As the report discusses improper assumptions on accounting information systems and related information could have the most negative potential impacts in business operations. First, improper assumptions could cost an organization loses in money and time in its business operations. For example, if an improper assumption is made and leads to miscalculation of important calculations required ensuring that a business operation becomes a success, over-estimation or under-estimation of resources could be caused. A business operation could be overfunded or underfunded because of an improper assumption, something that could be realized later into the project. This could bring about unimaginable loses for the organization. Improper assumptions could affect planning and lead to incorrect assumptions about the requirements of a business operation. ...Download file to see next pagesRead More
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