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Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
Introduction to Accounting System
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Introduction to Accounting System

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  • 1.  Unit overview  Accounting Information System Concept 2 Lecture 1 Introduction to accounting systems 1 Accounting System Design and Development
  • 2.
  • 3.  Data (Singular form datum) are the raw materials of which Information Systems are built.  Information is processed or value-added data.  Knowledge is understanding the meaning of information – knowledge is personal and subjective.   What is information?  What is a system?  What is information system?  What is an accounting information system?  Why do business need IS?  Why do accountant need to know about IS? 
  • 4.  ‘A collection of parts that work together to achieve some purpose.’  Systems can be man-made or natural  Identify some systems that you know about – what do they have in common?   Can you give an example which links all three?  Data  Information  Knowledge
  • 5. System – data conversion Inputs Data Processing Outputs Information 
  • 6.  Processes are the sets of activities that are performed on the inputs into the system Examples: o Format checks on data o Validity checks on data   Manual keying  Scanning through barcode technology  Scanning through image scanners  Magnetic ink character recognition [MICR]  Voice recognition  Optical mark readers 
  • 7.  A system whose purpose is the efficient storage, manipulation, processing and retrieval of information.  A set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision marking and control in an organization.   Outputs refer to what is obtained from a system, or the result of what the system does Examples: o Receipts o Invoices  Outputs are normally the starting point when designing a system 
  • 8. Source: Laudon and Laudon 2006   The components of an information system are: ◦ People ◦ Data/information ◦ Procedures ◦ Software ◦ Hardware ◦ Communication 
  • 9.  We can use technology to create barriers to competition.  We can use technology to lower the costs of market entry.  We can shorten timelines, speed cashflow, cut out intermediaries,  We can be better informed than our competitors.   Internet growth and technology convergence.  Transformation of business enterprise.  Growth of a globally connected economy.  Growth of knowledge and information-based economies.  Emergence of the digital firm. 
  • 10. Business process Source: Laudon and Laudon 2006  Source: Laudon and Laudon 2006 
  • 11.  Transaction Processing Systems (TPS) ◦ serves the operational level of an organization. ◦ are designed to process routine transactions efficiently ◦ E.g. Systems to calculate the weekly and monthly payroll and tax payments  Knowledge management systems (KMS) ◦ helps businesses create and share information. ◦ uses group collaboration systems such as an intranet.  1. When describing systems, a component may belong to more than one system. 2. Information Systems is purely and simply about technology 3. Successful Information Systems are centered on technology 
  • 12. ◦ improves the productivity of employees who need to ◦ provides individuals effective ways to process personal and documents. e.g. word processing, spreadsheets, file ◦ serves the management level of the organization. usually take data from the TPS and summarise it into a ◦ MIS reports tend to be used by middle management and  Decision-support systems (DSS) ◦ helps management make decisions in situations where there is uncertainty about the possible outcomes of those decisions. ◦ DSS comprise tools and techniques to help gather relevant information and analyse the options and alternatives. ◦ DSS often involves use of complex spreadsheet and databases to create "what-if" models.  Executive support systems (ESS) ◦ serves the strategic level of an organization. ◦ It gathers, analyses and summarises the key internal and external information used in the business.   Office automation systems (OAS) process data and information. organisational data, perform calculations, and create managers, personal calendars, presentation packages  Management information systems (MIS) ◦ mainly concerned with internal sources of information. MIS series of management reports. operational supervisors. 
  • 13.  A collection of data and information processing procedures aimed at converting economic data into the accounting information needed by users for decision about the allocation of scare resource.  AIS = Accounting + Information System  Source: Laudon and Laudon 2006 
  • 14. Accounting and IS – a changing relationship  Evolution ofAIS Pre 15th century: recording economic activities 15th century: Pacioli’s development of double-entry accounting 19th century: adding machines and cash registers >> batch totals 20th century: punch cards >> fully integrated computerised systems 21st century: accounting information systems 
  • 15. For more details on Assignment Help/ Homework Help/ Online Tuitions visit our website at http://www.helpwithassignment.com Thank You

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