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In: Accounting

Write a brief summary of the AIS used at your place of employment. If you are...

Write a brief summary of the AIS used at your place of employment. If you are not currently employed, you may use a previous employer or interview an acquaintance about the AIS used at his or her workplace. If you have not been employed, interview a friend or family member. Assume you are an accounting manager at this organization and, reflecting on the concepts covered in this course, describe the changes that you would make to the internal control structure. If you would not make any changes, explain why. Consider the personal attitudes, values, and culture of your employees and organization.

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Answer:

I presently work in a bank and the association utilizes a accounting data system(AIS) to gather, store and deal with its money related information(financial). The bank that I work in employments AIS to likewise process its information and afterward create important reports which are utilized for examination and basic leadership by accountants, managers, leaders and other stakeholders of the organisation.

My employer's AIS comprise of the accompanying segments – individuals, systems, information, programming, data innovation system and interior controls. There are system clients in the bank and that are accountants and managers. The bank has diverse offices like treasury, retail resources division, corporate loaning division and so forth. AIS of the bank help the distinctive division of the bank to cooperate genuinely. Methodology are the techniques that the bank and its framework that is being utilized to gather, store, recover and in conclusion process information. The majority of the strategies for handling information are computerized. Information incorporates information in regards to income, finance, costs, charges, and so forth. Essentially it incorporates all budgetary data that is relevant to the bank's the same old thing. The product that the bank utilizes is Microsoft's dynamic GP. The bank's data innovation foundation comprises of programming and equipment. The principle components are PCs, servers, printers, switches, and capacity media. The bank has set up required inward controls set up to defend and ensure delicate information.

The progressions that I might want to make in the interior control structure are to make the structure more innovation progressed. At present touchy information is secured utilizing passwords. This can be improved by making utilization of advances mechanical devices like bio-metric recognizable proof that will prompt a larger amount of assurance of the delicate information.

The way of life of the organization and the attitudes of the employees support safety of data. Numerous touchy data like subtleties of the clients and customers must be ensured and the bank's way of life and representative's frame of mind completely bolsters all instruments and controls that upgrades the information security.


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