discuss the chalanges in implementing accounting information system (AIS) at any organization can you explain it...

discuss the chalanges in implementing accounting information system (AIS) at any organization

can you explain it to me in points please?

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Expert Solution

Challenges in accounting information system-

Accounting information system mainly faces obstacle due to high cost, security risk, data loss and backup issues.
Real time reporting is really a challenge while comparing to conventional periodic reporting.
High competition and market volatility will impact a lot in terms of recording of trading and settlement information.
Paperless automation of journal entries is a big challenge for accounting information system in order to maintain accuracy in every line of business.
Security based risk including money laundering, trafficking, illegal reporting and insider trading will create problems in accounting information system while generating reports to the client.
Sometimes unauthorized access to data by employees is also a threat to accounting information system.

Hence these are the major challenges an organisation will face while implementing accounting information system.

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ekkarill92 answered 1 year ago

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