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Title: Accounting Information System essay
Description: an essay educating on the role of technology in business information system. Suitable for those studying accounting, business and IT.

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6/23/2015

ASSIGNMENT

ACCOUNTING INFORMATION SYSTEM

“These young people of today are lazy and just talk about computers
...
"
You are required to write a report to your immediate superior after he/she made these comments in a
meeting-

| By Ignatius Samukange

To: Finance Director
From: Finance Manager
Subject: Changing accounting information system from manual to computerised
Computerized Accounting is something that caused a revolution in the known world
by allowing accounting to be done with an unparalleled efficiency and accuracy
better than the traditional manual way
...

So, what is computerized accounting you may ask
...
First it were simple maths but
eventually it evolved to something far greater than that, which allowed the computer
to be a handy tool when it came to accounting
...
For example, how common it is for
a person in the accounts department who is adding a chain of numbers to mistype a
number because he or she has to keep eyes on several things, and of course, only
certain calculators display the values you already inputted
...

Computerized accounting is more accurate than manual because most of the
calculations are performed by the program
...
geekinterview
...
yahoo
...
computerizedaccounting
...
com Basic College Accounting; What Are The Advantages
And Disadvantages of Computerised Accounting Systems (Part 2); August 2006
Experience; Manual Accounting Versus Computerized Accounting; Max Webber

items automatically, minimizing the risk of mistakes, such as transposition of
numbers
...
For example, accounting software typically will
prevent an entry from being made if both sides of the entry do not total to the same
amount, which is required in accounting
...
Reports
can be processed right away with corrected information
...
Once corrected, reports cannot be processed immediately as it takes time
...
If the bookkeeper notices an error, for
example, it would require only a few clicks of the mouse to correct it with
computerized accounting software
...

Although computer system is efficient manual accounting information system is
relatively inexpensive to assemble and it can be easy to use in accounting related
functions
...
Pencil, paper and calculator cost
less than computerized accounting
...
If the organisation selects an online
accounting program, then it will pay Internet access fees as well
...
However of course someone has to input the data and flaws can still happen
Bibliography:
http://www
...
com
http://answers
...
com
http://www
...
com
Advantages & Disadvantages of Computers in Accounting | eHow
...

To prevent that we may resort to computerized accounting specialists who are
trained in the area under several ways and are capable of doing most computerized
accounting tasks without making a single error
...

An obvious difference between manual and computerized accounting is speed
...
If you want to compile a report in
accounting software, you literally press a button and get it immediately
...

Data processed through software is organized and easy to find
...
Accounting programs organize the information in one place, classified by type
...
If you conduct the same process on a manual
system, you may have to go through several pages and take your time to find what
you're looking for
...
On the other hand, records kept by a computer are likely to be
safer because many systems are backed up often
...
In a computerized system, you simply restore the latest backup and add a

Bibliography:
http://www
...
com
http://answers
...
com
http://www
...
com
Advantages & Disadvantages of Computers in Accounting | eHow
...
In this area, accounting software is obviously
superior to manual systems
...
When
accountants eventually fill manual accounting ledgers, the ledgers require
replacements
...
The
computer used for accounting will remain the same physical size; regardless of the
number of accounting entries
...
Manual accounting typically is performed by hand,
in pen, in a ledger
...
This is not a concern with computerized
accounting, as every entry looks exactly the same on a computer screen or a paper
printout, regardless of who entered it into the computer software
...
While the price of computers has fallen
dramatically year after year, accounting software remains expensive and can cost
thousands of dollars
...

Computerized accounting systems are by nature vulnerable to issues such as
computer viruses, power failures and hardware failures which may impact the

Bibliography:
http://www
...
com
http://answers
...
com
http://www
...
com
Advantages & Disadvantages of Computers in Accounting | eHow
...
Correcting computer problems will incur lost
time and productivity
...
Inadequate or inaccurate reporting may result, requiring lost time to
correct the problem or deploy a new software solution
...
There is a reduced necessity for accounting staff and all the
work will be processed with fewer errors
...


Bibliography:
http://www
...
com
http://answers
...
com
http://www
...
com
Advantages & Disadvantages of Computers in Accounting | eHow
...
geekinterview
...
yahoo
...
computerizedaccounting
...
com Basic College Accounting; What Are The Advantages
And Disadvantages of Computerised Accounting Systems (Part 2); August 2006
Experience; Manual Accounting Versus Computerized Accounting; Max Webber

Bibliography:
http://www
...
com
http://answers
...
com
http://www
...
com
Advantages & Disadvantages of Computers in Accounting | eHow
Title: Accounting Information System essay
Description: an essay educating on the role of technology in business information system. Suitable for those studying accounting, business and IT.