Accounting Information System Sample

Every organization depends on information systems to make their process automatic to regulate their system design implementation and operational phase of the system, so the decision makers of the organization can make correct decisions (Kathiravan, 2003).

Task 1: Factors That Contributed To The AIS Failure In Business

An accounting information system (AIS) is a system that includes the collection, storage, management, and processing of financial and accounting data used by decision-makers in business. This financial data is used by accountants, business analysts, managers, auditors and other chief financial officers, to avoid failure of AIS these persons work with the highest level of accuracy in a company's financial transactions (Storbacka, 2012).

Task 2: Responsibility Of Management In Failure Of  (AIS)

Management is responsible for any failure in accounting information and thus, the internal control structure poses a risk to a company. This control includes the responsibility of human resource policies and practices which define the operational work of the company. Audit practices with the help of which the final data and whole final information are measured and checked.

But the last responsibility is of management and operational controls control the overall work and efficiency of the accounting information system (Hall, 2011), whereas in the computerized accounting information system, management should implement those policies for controlling the overall changes to systems and to take care at the time of development of new system procedures.

Task 3: Most Significant Failures Occurred In System Design And Company Can Avoid This Failed Outcome

The failure of accounting information (AIS) may be for several reasons they may occur within the system design, implementation design or operational phase of the process of accounting information system. However most of the failures occurred in system design failure because the software may be outdated and due to which it is not efficient in fulfilling all the needs of the accountants, financial analysts, users of financial information and auditors of the company (Boonmak, 2008).

Task 4: Reducing The Chances Of Failure In Implementing Best Practices

Companies are experiencing many failures which provide challenges to management to take corrective actions to reduce those chances of failures in accounting information systems. The management of the company has to establish a system that provides controls to the company's policies and procedures. It is the responsibility of the management to maintain best practices for testing, documentation and assessment of internal controls which relate to financial information (Xu-dong, Lu & Aiken, 2007).

Task 5: Best Practices That Organizations Should Use To Reduce The Chances Of Failure

If an organization wants to reduce the chances of failure in the accounting information system they should use the information and system in such manner that they can avoid failure.

Task 6: Principles Designed By Ibm Which Provide Effective And Efficient Strategies In Deploying Financial Management System

These principles of IBM are designed to provide imminent effective and efficient strategies for deploying financial management systems and these principles are based upon multiple financial management system deployments. 

• Simplification process: In the simplification process there is a need to identify and prioritize the business process that needs to be standardized in such a way that it can optimize the effective use of commercial-off-the-shelf (COTS) software.
• Engage of stakeholders: This principle defines the establishment of a shared vision and objectives of the organisation including stakeholders of the company. It identifies and develops the goals of business with senior management.
• Plan Acquisitions: In plan acquisitions, there is a need to understand the requirements with their links to the mission of the organisation and to know about the mitigation of risk at the time of delivering in the system.

Conclusion

From the above study, it can be concluded that if the AIS is designed in a good manner, then everyone in an organization can implement best practices towards the optimum use of financial resources. It will be beneficial to both internal and external users of the organization. The principles of IBM which are provided by them for effective and efficient deployment of financial management systems can be used in every org

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