StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Accounting Information System - Essay Example

Summary
1) states, “Accounting information system is a system of records, usually computer based, which combines accounting principles and concepts with the benefits of an information system”. Companies using accounting information systems to manage accounts…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Accounting Information System
Read Text Preview

Extract of sample "Accounting Information System"

Download file to see previous pages

Some of the main benefits of using accounting information systems to manage financial information include quick collection of information, accurate analysis of information, consistency of records, completeness of information, and error-free processing of information. Along with these significant benefits of using accounting information systems, there also exist some concerns regarding privacy of information stored in the systems. In this report, we will identify all suspected frauds and computer crimes that can make the use of accounting information systems risky for companies.

The report will also include a discussion about the steps that companies can take to make their accounting systems safe and risk-free. Frauds and computer cries have been the major concerns for computer users since the rise of computer technology. Although computer systems have facilitated people in many different ways, such as, ease in storing information, ease in doing calculations, and ease in making reports, but privacy has been the major concern regarding use of computer systems for managing important information.

In case of accounting information systems, the concern for privacy even becomes more significant. Companies making use of accounting information systems also face a number of privacy issues. Some of those issues include hacking of private financial information, misuse of financial information by the users of the system, and showing altered financial statements to hide personal performance. One of the main computer crimes that can occur with accounting information systems can be alteration of original financial information by the users of the system.

“Employees can gather information for personal use or manipulate information to make financial documents appear better than the actual results” (Vitez n.d., p. 1). Employees dealing the information system of accounts department can make the illegal use of it

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Accounting Information System

Hacking the Accounting Information System

"Hacking the Accounting Information System" paper argues that companies need to ensure that they use systems that can add more guarantees and protection to their data.... Hacking the Accounting Information System Introduction Accounting system is basically the financial management of a business and it contains many confidential information and need security at all times.... Today, the whole business works with internet facility hence the risk of hacking on Accounting Information System in high....
4 Pages (1000 words) Research Paper

Hacking the Accounting Information System

Effective components a better information system must therefore be able to collect, manipulate, disseminate data and information.... These computer in the system enables storage of information which can only be accessed by These authorized personnel will for this reason have passwords and codes to access these document.... Mostly these passwords to the system will be only available to heads of departments.... ccounting system provides firms with a platform to record and document all their daily business transactions....
4 Pages (1000 words) Essay

Accounting Information System in Top Burger

The paper 'Accounting Information System in Top Burger' is a fascinating example of a finance & accounting case study.... Accounting Information System Various activities are performed in order to achieve Top Burger desired output.... ata extraction- this is the act of mining raw data from the Accounting Information System in use by the company.... ee, KS 2006, An Accounting Information System, Beaumont, Lamar University: Tex....
6 Pages (1500 words) Case Study

Failure Factors in Business Organizations

The paper "Failure Factors in Business Organizations" is a wonderful example of a literature review on finance and accounting.... It has been the phenomenon of the last decades that project management was seen as an activity outside the organization, while in a contemporary, dynamic business environment (Caniëls & Bakens, 2011), there is an upsurge in of project management inside the organizations in....
10 Pages (2500 words) Literature review

Accounting Information System. Data Base

Accounting Information System; Data Base Introduction Accounting information systems is the collection, storage and processing of financial and accounting data that is material in decision making.... In Accounting Information System, it should be taken into consideration here that accountants will employ database technology to store, process and report accounting transactions.... This paper is about the accounting information systems is the collection, storage and processing of financial and accounting data that is material in decision making....
4 Pages (1000 words) Term Paper

Accounting Information System in Lotterywest

The paper 'Accounting Information System in Lotterywest' is a fascinating example of a finance & accounting case study.... Accounting Information System- Lotterywest Case Study al affiliation Accounting Information System- Lotterywest Case StudyQuestion One ... This is crucial in Lotterywest in sharing information about the tickets. ... This is crucial in Lotterywest in sharing information about the tickets.... This is crucial in Lotterywest in sharing information about the tickets. ...
4 Pages (1000 words) Case Study

Xero Accounting Information System

The paper "Xero Accounting Information System" is an outstanding example of an information technology case study.... The paper "Xero Accounting Information System" is an outstanding example of an information technology case study.... ero Accounting Information System ... mall Businesses- The main users of the of the Xero Accounting Information System are the small businesses.... Since the Xero Accounting Information System is system meant for the Small and medium sized business units, the system has a platform that can allow up to 150 employee user capability....
10 Pages (2500 words) Case Study

Accounting Information System - Pressure Hydraulics

The paper "Accounting Information System - Pressure Hydraulics " is a perfect example of a finance and accounting case study.... The paper "Accounting Information System - Pressure Hydraulics " is a perfect example of a finance and accounting case study.... There is no Accounting Information System that joins the three service centers.... A management Accounting Information System can assist a business run better through offering timely information regarding internal operations....
11 Pages (2750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us