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?

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.

All the best for your exam! Please provide us positive ratings, we will be delighted to assist you any time.

ekkarill92 answered 1 year ago

Explain how Accounting Information Systems (AIS) can Add Value to the organization? Explain the concept of...

Explain how Accounting Information Systems (AIS) can Add Value to the organization? Explain the concept of Data Flow Diagram and also state the different types of flow charts?

Discuss the modern design of Accounting Information System ( AIS) with Data base ?

• What is the difference between accounting information system (AIS) ans management information system (MIS)? •...

• What is the difference between accounting information system (AIS) ans management information system (MIS)? • What is the difference between financial transactions and non-financial transactions?

Please visit any company in KSA and collect information on the AIS system followed by the...

Please visit any company in KSA and collect information on the AIS system followed by the company. 1. Explain the AIS system followed by the company 2. The process of its database 3.Final information(Financial Statements) 4.Threats and controlling measures of the system its ok if you want make it short

One function of the accounting information system (AIS) is to provide adequate controls to ensure the...

One function of the accounting information system (AIS) is to provide adequate controls to ensure the safety of organizational assets, including data. Many people, however, often view control procedures as red tape. Discuss how controls can improve the overall efficiency and effectiveness. Why are we concerned with controls in the AIS department?

Implementing a new AIS system could prove to be beneficial or detrimental to an organization’s IT...

Implementing a new AIS system could prove to be beneficial or detrimental to an organization’s IT infrastructure. Assess the risks associated with integrating a new AIS system and suggest what management can do to minimize those risks. You have been selected as the change agent for the implementation of a new AIS system that will ultimately affect the way all employees complete their daily tasks. The new AIS system will also require online approvals for all source documents. This will...

discuss why organizations needs accounting information systems (AIs) and better information managment. how important are they...

discuss why organizations needs accounting information systems (AIs) and better information managment. how important are they and what benefits does the organizations gain from them?

1. Five basic components of the accounting information system (AIS). Elaborate and provide examples as appropriate...

1. Five basic components of the accounting information system (AIS). Elaborate and provide examples as appropriate 2. The purpose of an input device and provide examples as appropriate

Implementing a new AIS system could prove to be beneficial or detrimental to an organizationÃ¢â¬s IT...

Implementing a new AIS system could prove to be beneficial or detrimental to an organizationÃ¢â¬s IT infrastructure. Assess the risks associated with integrating a new AIS system and suggest what management can do to minimize those risks. You have been selected as the change agent for the implementation of a new AIS system that will ultimately affect the way all employees complete their daily tasks. The new AIS system will also require online approvals for all source documents. This will...

How is blockchain useful for accounting information systems (AIS)?

Question