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Advantage of using Accounting Information System
1. LECTURER NAME: MISS FARIDAH HANUM
FACULTY: FACULTY BUSINESS AND LAW
ACC1023
ACCOUNTING FOR DECISION MAKER
2. DZULFAZLI BIN MD ZAWAWI
BACHELOR IN BUSINESS ADMINISTRATION
ADVANTAGES OF USING ACCOUNTING
INFORMATION SYSTEM
3. BENEFIT OF USING ACCOUNTING INFORMATION
SYSTEM.
• Classification
– When data is entered in an accounting system, manual or computerized,
an accountant needs to classify it in a detailed fashion. For example, a
transaction could be a sales revenue or an interest revenue.
– Using information systems, this classification process is easily
accomplished with a drop-down menu from which you choose the proper
category. You can also quickly generate reports involving classifications.
With a manual system, this process takes much more time.
4. • Speed
– The main benefit of information systems in accounting is the speed of
processing tasks. Data is entered once and can then be used and reused in
compiling reports by literally pressing a button. If a transaction needs
correction, it is easily done, with reports generated afterward at speeds
never possible with manual accounting systems.
• Safety
– Once data is entered into a computer, it is safe. The chances of losing data
are remote, especially when you perform regular system backups. In
manual systems, paper pads can be lost or damaged more easily. You can
save data on the Internet, where it will not only be accessible anytime you
need it but will also still be secure even if your computer is lost or
damaged.
5. ADVANTAGES OF USING ACCOUNTING
INFORMATION SYSTEM
• Speed
• Automatic document production
• Accuracy
• Up-to-date information
• Availability of information
• Management information
• GST/VAT return
6. • Cost savings
• Reduce frustration
• The ability to deal in multiple currencies easily
• Security
• Visual