(c) It is quite simple and well-structured information system. In designing an accounting information system (AIS), the accountant can answer various questions that relate back to the seven characteristics of useful information systems. 3. Therefore, there is a need for greater control over accounting information system. PhDessay is an educational resource where over 1,000,000 free essays are collected. Finally, as an auditor, one of their main interests in the AIS is the reliability of the data. The set of accounting information is used by various users’ with different orientations and purposes. By continuing we’ll assume you’re on board with our cookie policy, Your Deadline is Too Short? Report a Violation, Making Your Business Accounting Information System More Effective, Management Accounting and Financial Accounting | Differences, Development of Accounting Information System: Enterprise, Database and Interface Modules. In a broader view, “accountants can assume three roles: designer, user, and auditor” (Gelinas, Dull 27). Image Guidelines 5. "How Do Financial Statement Auditors and IT Auditors Work Together? " 27-28. TOS 7. You can get your (2016, Dec 17). When will the transaction be recorded and when will they be reported? These statutory bodies aim at protect­ing the interests of customers, investors, vendors and general pub­lic. Chapter 2 Accounting and accounting information Accounting: “the fairest invention of the human mind.” (Goethe) 2.1 Introduction As intimated by its title, this thesis proposes the inclusion of information on flexibility as a means of enhancing the accounting information systems of business organisations. Some questions may include: “What will be recorded and how will transactions be recorded? Accounting Information Systems. Since different groups of people are interested in accounting information, it is necessary to use standard definitions for accounting terms in order to ensure consistency in the information. In addition, knowing how to use the AIS technology would be very beneficial in working effectively and efficiently. When will the transaction be recorded and when will they be reported? For instance, accountants participant in generating rules and guidelines, advising day to day business activities, and even decision making. It also operates upon Compatibility, Flexibility and Cost-benefit principles. – Distinguish data from information and describe the characteristics used to evaluate the value of data Fundamentals of Information Systems, Fifth Edition 2 . The characteristics are: 1. The usefulness of this information is presented in terms of its informative content and timeliness. Get Your Custom Essay In relation, modern technology is so efficient in today’s world; therefore the flow of information can be quickly exchanged at any time. In designing an accounting information system (AIS), the accountant can answer various questions that relate back to the seven characteristics of useful information systems. Without timely information, relevant and reliable information would be impossible. custom paper from our expert writers, Characteristics of the Accounting Information Systems. For example, Internet has allowed companies to send reports across the globe at any given time. Retrieved from https://phdessay.com/characteristics-of-the-accounting-information-systems/. (e) The source of data is mainly internal to the enterprise and thus, databases are well-defined and integrated, and controlled. Most of these economic events take place in the course of day-to-day operations of the business enterprise. accounting information to the user’s purpose. The main characteristic features of accounting information sys­tems are: (a) Accounting information system deals with transactions which are of financial nature and can be expressed in terms of money. What controls will be necessary to provide valid, accurate, and complete records? Scholars (f) Accounting information systems are subject to greater degree of risks of security and are more prone to computer crimes. While the IT and IS communities are used frequently in many businesses, they are not the founders of the characteristics of useful information. Accounting is the process of identifying, measuring and communi­cating economic information to permit informed judgments and decisions by users of the information. The external users include customers, vendors, shareholders, investors, statutory authorities, stock exchanges, trade promotion bodies, etc.

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