Preview

Accounting Information Sysyem

Satisfactory Essays
Open Document
Open Document
268 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting Information Sysyem
Group Assignment

Diploma of Accounting (FNS50204)

HAIS Accounting Information Systems

1

Assignment: This assignment is to be carried in pairs (two people). This assignment carries a mark of 50 (50% of the total assessment)

You have been approached by some businessmen who are preparing to start up a business operation. You can decide on what type of business, such as a bank, a manufacturing operation, a retail store, a service business, whatever you like. You are required to carry out some research and look at a typical business today, and determine what role an Accounting Information System plays in their ongoing operation. Then prepare a report for the businessmen, providing them with information and recommendations about employing an Accounting Information System. What type of AIS would that business have? Why would they have a system? What are the cycles that would be considered? What would be the benefits and advantages, such as security and why? Are there any disadvantages and if so, what? You should include a diagram/chart of at least one of the cycles with your assignment The format for this assignment is in a report format, complete with Header, contents page, an executive summary, body, conclusion and recommendations This assignment is due to be submitted at the end of the week 4 (or by arrangement with your teacher). Marking Guide: Evidence of Research Type of business Reason for having an AIS system The cycles Diagram of a cycle Benefits and advantages Disadvantages Report presentation Total (10 marks) (5 marks) (5 marks) (10 marks) (5 marks) (8 marks) (2 marks) (5 marks) (50 marks)

2

You May Also Find These Documents Helpful

  • Good Essays

    Let's start with a review of the three requirements of Part A of the Course Project. Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information System. Sugges...…

    • 576 Words
    • 2 Pages
    Good Essays
  • Good Essays

    A good accounting information system (AIS) will help create, maintain, and distribute the financial reports as well as perform tasks in payroll, accounts receivable, accounts payable, inventory, and budgeting (Bagranoff, Simkin, & Norman, 2010). Management will be able to set up controls in the system allowing staff to have access to what is necessary and appropriate for their job. They will be able to call up and modify this information electronically without searching or filling out new paperwork. Data entry will be mainstreamed, allowing for less key strokes, and integration of information. This will allow for better accuracy in accounting and accounts will be able to be managed more efficiently, including processing of bi-weekly payroll. Payroll will then be sent directly to processing and reports to the correct managers. Accounts receivable will be able to track when customers use the POS system and update the sales information. Accounts payable will track when a vendor payment is due, allowing for payment processing, and appropriate management and accounting reports. The inventory system will be more accurate saving Kudler time and…

    • 804 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Write a response to the following assignment from the Core Concepts of Accounting Information Systems text:…

    • 334 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    ACCOUNTING SYSTEM INSIGHTS

    • 4258 Words
    • 18 Pages

    3. Customers module – A module related to selling the customer a product or service…

    • 4258 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    accounting stystem

    • 1709 Words
    • 7 Pages

    1.The site you go to in order to form a business in Maryland is www.dat.state.md.us.…

    • 1709 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Ais Attacks and Failures

    • 1768 Words
    • 8 Pages

    As long as this world have businesses and buying and selling within company to company accounting and Accounting Information Systems (AIS) will play a big role in financial management and decision making. The degree of value and how usable an AIS is depending on if the system is custom, outsourced or boxed. In this paper I will talk about just that. You will find out if the company should keep, change, modify or outsource and what will be the advantages and disadvantages of doing so. Analyze the need for changing to a new system and the potential benefits and risks associated with this. Identify three (3) advantages and three (3) disadvantages for each of the following choices. Make a recommendation to the CEO. Defend why you chose the option and rejected the others. Propose a system development life cycle (SDLC) approach for your recommendation.…

    • 1768 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail.…

    • 2786 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Describe how information systems are changing the various aspects of the accounting profession. Include a description of a variety of new technologies and their effects on accounting processes. In addition, discuss how these technologies have changed the way accounting is performed at your organization or an organization of your choosing.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A business may adopt computerise accounting system as the cost of using a manual one are high and less efficient. The business can easily set up the computerise system at a lower cost and this will cut the costs of the business.…

    • 540 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    "It is easier to learn to prepare data flow diagrams, which use only a few symbols, than it is to learn to prepare flowcharts, which use a number of different symbols."…

    • 2915 Words
    • 12 Pages
    Good Essays
  • Powerful Essays

    Bloch, G. (2003). Sarbanes-oxley 's effects on internal controls for revenue. The CPA Journal, 73(4), 68-70. Retrieved from http://search.proquest.com/docview/212294542?accountid=12085…

    • 3018 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Accounting System

    • 879 Words
    • 4 Pages

    An accounting system is the methods and procedures used to collect, classify, summarize, and report the businesses financial information…

    • 879 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    porple

    • 274 Words
    • 2 Pages

    Write a 700- to 1,050-word paper describing how information systems are changing various aspects of the accounting profession. Include a description of several new technologies and their effects on accounting processes.…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    2.1 Revenue Cycle ....................................................................................................................................... 3 2.1.1 Table of Entities and Activities ....................................................................................................... 5 2.1.2 DFD – Context Diagram ................................................................................................................. 7 2.1.3 DFD – Physical DFD ...................................................................................................................... 8 2.1.4 Annotated Table of Entities and Activities ..................................................................................... 9 2.1.5 DFD – Level 0 Logical DFD......................................................................................................... 12 2.2 Expenditure Cycle .............................................................................................................................. 13 2.2.1 System Flow Chart ........................................................................................................................ 14…

    • 8759 Words
    • 36 Pages
    Powerful Essays
  • Good Essays

    * Fundamentals of Data Processing by Oladipupo A O., Ilaboya O J and Emeni F. K. – Anointed Publishers…

    • 854 Words
    • 4 Pages
    Good Essays

Related Topics