Accounting information system is an extremely important role in the enterprise management. As technology advances, the system software is constantly improving, constantly enhance the function of the system, thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious, how is the fastest way to management to provide the latest information to help decision-makers analysis, forecasting, decision-making, improve operational efficiency, will be the greater challenges of the accounting information system. This study research and explore seven aspects of the accounting information system, we trying to find out that suits your needs accounting information system solutions for the enterprise.
Accounting information system network and multi-function trend decision-making
Accounting information system is a subsystem of enterprise management information system. It is a system which deal with accounting business, provide enterprises with financial and accounting information and manage enterprise economic activity(Romney Marshall & Paul 2009). With the information technology birth and the rapid development, society is made industrial society into information society and accounting environment is facing great changes have taken place. So the increasing interest in business activity has heightened the need for the accounting information system.
The case study showed that the RTE’s structure and daily operation. As the manager of the RTE, Rebecca is introduced the prototype of the accounting information system when the RTE in the early stages of the operation. Although the early succeed has brought its substantial profits. However, with the expansion of business, Rebecca found some issues with management and control. She change the management model to solve the current predicament, however, it cannot treat inherent issues. At the same tome, competition is a common finding in business. A key problem is establishing a suitable accounting information system to control the management and supply chain. Because both of them were suffer from the dependency on accounting information system. The remaining issue is to find a way of consulting service.
The present work extends the use of the reasonable model to manage the RTE. In addition, an effort is made to improve the efficiency with accounting information system for RTE. This paper is divided into five sections. Section II describes what accounting information system is and how it would help the RTE.
2.1: Define information systems; explain how they work; and describe their benefits for business. What types of information systems could be used to support RTE?
The information system is composed of people, computers and other peripheral devices which can perform information collection, transmission, storage, processing and maintenance (Bernard Jari & David 2000). Its main task is to maximize the use of modern computer and network communication technology to strengthen enterprise information management. Information system establish the correct data for the investigation of human, material and financial resources, equipment, technology and other resources owned by the enterprise. Managers to make decisions based on data which it provides and continuously improve the management level of enterprises and economic benefits (Beynon 2009).
If we want to know how information system is working, first of all we need to know the composition of it. In general, an information system is made up of several parts(Romney Marshall & Paul 2009): —People using the system
—Procedures and Instructions
For collecting, processing, and storing data
—Information Technology (IT) Infrastructure
Computers, peripherals, networks, and so on
—Internal Control and Security
...Management Accounting Reporting Systems?
Cost Accounting Reporting System deals with the process of tracking, measuring, recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al, 2010). Costs are measured in terms of Direct Costs, Indirect Costs and Overhead/Absorbed Costs. Managers use cost accounting to support decision making to reduce a company's costs of products and services and improve its profitability.
Management Accounting Reporting System is concerned with the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial and non- financial information used by managers to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources to managers within organizations, to provide them with the basis in making informed business decisions that would allow them to be better equipped in their management and control functions thereby enhancing both customer and shareholder value (CIMA, 2010). Unlike financial accountinginformation, management accounting...
...MANAGEMENT ACCOUNTING AND ORGANIZATIONAL CHANGE: IMPACT OF ALIGNMENT OF MANAGEMENT ACCOUNTINGSYSTEM, STRUCTURE AND STRATEGY ON PERFORMANCE
In the search to understand management accounting in competitive environments and advance technologies, change has increasingly become a focus for research. Many firms have experienced significant changes in their organizational design, competitive environments and technologies. Business environments exhibit a variety of structures and processes, including flat and horizontal organizational forms, multidimensional matrix structures, networks of “virtual organizations” and self- directed work teams. When business organizations respond to challenges by embarking on a change management path, they are faced with choices of which one of the management methods, techniques, and systems would be most effective (Waldron, 2005).
Every organization is located within a particular configuration of contingencies. It is dependent on the market and technological environment in which it operates its scale and diversity of operations, the technology applied to its work, and the type of personnel it employs. To achieve congruence, an appropriate design is the one which best suits it’s contextual and operational contingencies. According to Moores and Yuen (2001, p.352), “to be internally consistent, organizations must have tightly independent and mutually supportive...
...on Management AccountingSYSTEM 1
3.0 THE IMPACT OF CONTINGENCIES ON MANAGEMENT ACCOUNTINGSYSTEM DEVELOPMENT 2
( i ) Environment 2
( ii ) Strategies and mission 3
( iii ) Technology 4
( iv ) Firm interdependence 4
( v ) Business unit, firm, and industry variables 5
( vi ) Knowledge and observables factors 5
( vii ) Culture 6
4.0 Summary and Conclusions 6
5.0 REFERENCE BOOKs 7
The management of a company needs to develop cost and management accountingsystems which will provide adequate information about main impacts on cost characteristics and companies performance. The cost and management accounting practices of the companies can be described by the traditions and necessity to solve urgent problems of everyday management. Hence the management accountingsystems (MAS) of the companies operating in the conditions of transition should provide adequate information, which would help managers take decisions at different management levels.
The present study focus on the contingencies that influence companies management accountingsystems with a particular emphasis on those operating in the transition economies. The paper aims to describe the stages and tendencies in the development of the management accounting issues in companies,...
...Accounting and Modern Organization:
Modern AccountingSystems affect on Modern Organization
Principles of Accounting 1 ACC205
May 13, 2012
Has modern accountingsystems made a difference in modern organizations? In my opinion, modern accountingsystems have made a difference in modern organization. Modern accountingsystems fulfill the basicaccounting needs while offering increased accuracy in tracking trends, enabling collaboration and giving quick access to data. Most successful organization are more and more concentrate on the management accountingsystem innovation, by using both technical model and sociological/behavioral perspectives to improve the value in their management accountingsystem (Seed, 1990). Computerized solutions offer the traditional transaction processing, classification of data and reporting while simultaneously increasing the range of inputs to give a clearer and more comprehensive picture of the financial health of a company. These features of modern accountingsystems let management make better use of resources to increase profits while identifying cost savings and spending less (“Modern Accounting, 2012”). While some may say accountingsystems is...
POS= Point of Sale
It take place where the transaction occurs. We can also say that it takes place at the check out point.POS system generally includes the hardware and software devices or components, such as computer, monitor, cash drawer, receipt printer, customer display, barcode scanner and other suitable software.Pos system are generally use for the reporting purposes, sales cost volume profit analysis, it also give the information regarding the cost of goods purposes and we can use many other purposes for to take future decision in the business.
In the conclusion we can say that are that system or it performs where the product and services are purchased.
Benefit of POS System
speed, accuracy due to the high quality software are installed on it POS system are highly show the accurate and reliable result with a great speed.
Current POS systems do not differ in term of function
The current Pos system is not differ in the terms of function as they such as they use same method and system as they describe in the article.
Current Pos system function operates through cash register, Quick books, it also uses point of sale scanner, inventory management tool like Pos system describe in the article,.
Current point of sale system includes like components like hardware and software...
... Strategic Management Accounting
2014 / 15
Module Code 44-6785-00C
Sheffield Business School
Module leader - Richard Watkinson
TABLE OF CONTENTS Page
What's this module about? 3
How will this module deliver the relevant industry sector skills and competencies? 3
How will this module be delivered? 4
Assessment Package 5
How will Blackboard be used with this module? 5
How will student feedback be obtained on this module and how will this be used? 5
Module Team 6
Module Overview 6
Module Aims 6
Module Learning Outcomes 7
Schedule of Study 8
Reading List 9-10
Assessment Task 1 11-13
Seminar 1 Questions 14-17
Seminar 2 Questions 18-22
Seminar 3 Questions 23-34
Seminar 4 Questions 35-43
Seminar 5 Questions 44-55
Seminar 6 Questions 56-58
Seminar 7 Questions 59-78
Seminar 8 Questions 79-87
Seminar 9 Questions 88-112
Seminar 10 Questions 113-118
What's this module about?
This module builds on previous knowledge and application of management accounting concepts so as to enable students to analyse and critically evaluate management accountingsystems in the broader context of the strategic management of organisations.
It is designed to encourage students to develop...
...Table of Contents
BUSINESS INTRODUCTION 3
ACCOUNTING SOFTWARE 3
FINANCIAL MANAGEMENT 4
SALES MANAGEMENT 5
INVENTORY CONTROL (IC) 5
HUMAN RESOURCES (HR) 5
ANALYSIS OF DATA 6
In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On the other hand I will demonstrate the relevant connection of the accounting software to the financial management of the company.
Emfibia Limited is a medium size manufacturing company. The main objectives of the business are developing, manufacturing and distributing new mobiles phones, computers and other electronic equipment. However, the company has to cooperate with private designers. All the designs are analyzed and tested before producing and distributing. Emfibia Limited operates under UK regulation and supplies within United Kingdom sector. The annual profit exceeds 1 million GBP. Emfibia Limited receives finance from the investors and shareholders. It is managed by company director who has to provide detailed financial information and analysis on the weekly basis to the investors. Within the company operates few different teams, for example: financial...
...John Martin August 2, 2011 Accounting 521 Term Project Management Accounting in an Amoeba Management Profit Center Setting Introduction A profit center is a when a responsibility center’s performance is measured in terms of a profit. Both departmental revenue and costs are accounted for. The resulting profit (or loss) directly affects the bottom line of a company’s overall financial performance. Any department, division, business unit, etc. within an organization’s structure can be designated, structured and accounted for as a profit center. Peter Drucker originally created the term profit center in the 1940’s. The idea was that the manager would treat the department much like his own business with an entrepreneurial spirit akin to the company philosophy while hopefully taking into account the long term viability of the department when making decisions. Some companies have gone so far to create micro-profit centers. In the spirit of promoting empowerment to lower level employees as well as to develop future managers, companies create large numbers of small work groups or “amoebas”. These 10 person groups may be in charge of a step in the manufacturing process and are required to sell their product internally to another department. These inexperienced employees are acting as managers of their own entrepreneur spirited company. An example is technology company Kyocera Corporation in Japan. Its divisions frequently divide into amoebas expected to...