Article · January 019 citations reads 4,989 authors
Download 315.17 Kb. View original pdf
|
Aviles, Thomas Edison R Feasibility Study
| I. INTRODUCTION Over several numbers of years, the general performance of accounting has increased right from the single entry system to double entry system. The main objectiveof accounting system is to provide financial data like purchase, sales, expenses and income of an organization but in today’s world accounts maintenance is helpful in so many ways. Previously accounts maintenance is usedto know profit or loss of the organization but these days it is also useful for increasing the profit of the organization byway of accounting information system. Businesses include transactions which give out information for better analysis of business performance and accounting information system is a delivery system for accounting (Rono, 2006). Accounting Information Systems are tools which, are incorporated into the field of Information and Technology systems (IT. They were designed to help out in the management and control of daily activities related to organization’s economic-financial area. But the overwhelming advance in technology has opened up the possibility of generating and making use of accounting information from a strategic viewpoint. Accounting information systems (AIS) as part of a company’s information systems (IS) are seen as away of facilitating decision making within organizations and should be approved to an organization’s environment, requirements of task, and structure. An accounting information system is a structure that a business uses to collect, store, manage, process, retrieve and report its financial figure so that it can be used by accountants, consultants, business analysts, managers, chief financial officers(CFOs), auditors and regulatory and tax agencies. In addition, trained accountants work with AIS to ensure a high level of accuracy in a company’s financial transactions and recordkeeping and to make financial data available to those who rightfully need access to it, while keeping data intact and secure, this indirectly boost the productivity and performance of an organization. Furthermore, Management of organisations in Nigeria relies on information generated from the AIS given by the entity. Moreover, quality reports and data are keys to come at an ideal investment, and a traditional way of recording, summarizing and reporting a company financial report led to less optimal decisions. Investment in good and reliable accounting systems has become a main concern for all managers as it leads to best management and analysis of a firm’s performance. The Accounting Information System is said to be one of the important systems of any organization. Its aim is to provide necessary information to the managers at different levels and ranks. This information helps them in carrying out their responsibilities in an effective and efficient way in the areas of planning, resource control, performance evaluation and decision making. Accounting Information Systems (AIS) are tools which, when introduced into the field of Information and Technology systems (IT, are designed to help in the management and control of topics related to organization economic-financial area. |