ACCOUNTING

How have modern accounting systems made a difference in modern organizations?

How have modern accounting systems made a difference in modern organizations?

Accounting Information Systems (Accounting information systems s) combine the study and practice of accounting with the design? implementation? and monitoring of information systems. Such systems use modern information technology resources together with traditional accounting controls and methods to provide users the financial information necessary to manage their organizations. (Ansari? 1997)

Accounting information systems TECHNOLOGY

Input the input devices commonly associated with accounting information systems include: standard personal computers or workstations running applications; scanning devices for standardized data entry; electronic communication devices for electronic data interchange (EDI) and e-commerce. In addition? many financial systems come ''Web-enabled'' to allow devices to connect to the World Wide Web. (Ansari? 1997)

Process basic processing is achieved through computer systems ranging from individual personal computers to large-scale enterprise servers. However? conceptually? the underlying processing model is still the ''double-entry'' accounting system initially introduced in the fifteenth century.

Output devices used include computer displays? impact and no impact printers? and electronic communication devices for EDI and e-commerce. The output content may encompass almost any type of financial reports from budgets and tax reports to multinational financial statements. (Ansari? 1997)

Management Information Systems (MIS)

MISs is interactive human/machine systems that support decision making for users both in and out of traditional organizational boundaries. These systems are used to support an organization's daily operational activities; current and future tactical decisions; and overall strategic direction. MISs are made up of several major applications including? but not limited to? the financial and human resources systems. (Cooper? 1988? 96-103)

Financial applications make up the heart of accounting information systems in practice. Modules commonly implemented include: general ledger? payables? procurement/ purchasing? receivables? billing? inventory? assets? projects? and budgeting. Human resource applications make up another major part of modern information systems. Modules commonly integrated with the Accounting information systems include: human resources? benefits administration? pension administration? payroll? and time and labor reporting. (Cooper? 1988? 96-103)

Accounting Information Systems — Information Systems In Context

Accounting information systems s cover all business functions from backbone accounting transaction processing systems to sophisticated financial management planning and processing systems. Financial reporting starts at the operational levels of the organization? where the transaction processing systems capture important business events such as normal production? purchasing? and selling activities. These events (transactions) are classified and summarized for internal decision making and for external financial reporting. Cost accounting systems are used in manufacturing and service environments. (Cooper? 1988? 96-103) These allow organizations to track the costs associated with the production of goods and/or performance of services. In addition? the Accounting information systems can provide advanced analyses for improved resource allocation and performance tracking. Management accounting systems are used to allow organizational planning? monitoring? and control for a variety of activities. This allows managerial-level employees to have access to advanced reporting and statistical analysis. The systems can be used to gather information? to develop various scenarios? and to choose an optimal answer among alternative ...