Accounting Information System Homework Help
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With gradual and continuous increase in business in corporate sector, it is getting difficult to maintain the humongous data in order. That is why a database is required, that fulfills the requirement of this purpose. All the data includes staff details, financial reports, revenue reports etc. The process of adding, retrieving, updating, such data for the management that can be used later for taking better financial decisions is done by accounting information system. The students studying this subject have to practice a lot of works provided by their academy. In order to do it, we provide Accounting information system homework help. Our assistance is not only limited till the written homework help, but also it is after submitting it.
Accounting information system
Abbreviated as AIS, this is an artificial information system that completely dedicates itself towards the data storage and manipulation of a firm. If we look at the scenario a decade back, the accounting system used to be manual. But with increase and data and productivity all these data are to be stored in safekeeping and computer based software have been developed in order to do so. With our Accounting information system homework help you can achieve the details over the functions of accounting information system. They are
i. Collection and storage of data in an effective and efficient manner. These data are to be utilized for better financial decision making for the management. Posting of data from journals to ledgers or recording such financial transactions in journals is one of the tasks.
ii. It helps to produce managerial reports and financial statement.
iii. To ensure the controls are intact to record and protect the data by using secure modes.
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Parts of an accounting system
As per our Accounting information system homework help team experts, this intelligence system, although software oriented, have so role for humans to play. So we, the people are the most crucial entities of accounting information system. Along with it the other important parts are mentioned below
a. People: all the accountants, managers, and business analysts who utilize the software are important. A human keen observation is required to cross check every data being input correctly.
b. Instructions: the procedure required to run the software. All the instructions that collect, store and retrieve the data is based on the set of protocols. These protocols are to be applied in order to let the system flow smoothly.
c. Software: the software that is the mastermind for the data collection.
d. Internal controls: these are the rules that are defined by the software organization. The interface, the decorum and the ambience of the software should be attractive and efficient enough to be utilized.
The reliability of accounting information system
The information stored in the AIS is valuable for the firm, and any leakage in such information may cause financial obligations on the firm. That is why the American Institute of CPAs (AICPA) and Canadian Institute of Chartered Accountants (CICA) have derived the five fundamental principles crucial for AIS reliability. They are compiled by our
Accounting information system homework help team down below
1. Security is an important issue and thus the authorization for using the restricted information is supplied to only a few.
2. A confidentiality clause is required so that the restricted information is not leaked.
3. A privacy factor for disclosure of personal information of the customers is applied.
4. The processing integrity is maintained for the data and run with proper authorization
5. Availability of the system to meet operational and contractual obligations is must.
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