Strategic Information System Accounting Software

Question: Discuss about theStrategic Information System for Accounting Software. Answer: Introduction The small scale business or large organizations are the major users of the accounting software as the accounting is the vital part of any organization which makes it successful. Any issues in the accounting part will take the organization to very big trouble as it totally monitors the financial resources of the particular company or the organization. The company or the organization needs to check the requirement of the organization according to which the implementation of the software. The accounting software generally helps in the management of the control of the internal system of the organization (Boulianne, 2014). The software that is being implemented in the organization must work upon the payroll, accounts that are payable and receivable and many trial balances. This wholesome work of the software whole totally said as the accounting information system or the strategic information system. The accounting software that works on the business is independent of the business types, w hether small or large or medium (Boykin et al., 2001). The key function of this information system is generally noticed during the evaluation of the different types of the economic events. Likewise, the small business enterprises generally use the home business software, the medium enterprises have more often use the groupware systems like CRM and the large enterprises generally have the use of the ERP, BPM, etc. It is also seen from the facts that AIS can be said a larger domain which also chiefly contributes to the financial statements of the organization, and also the AIS application settles down the internal controls of the organization as well as shows the efficiency of the organization (Huang Handfield, 2015). AIS Application System Australian market constitutes three types of business, small, medium and large which also have the differences in their above-mentioned software that are being used in the maintenance of their financial records. As discussed above the AIS application system is the vital system that has an impact on the control of the internal system of the organization. AIS application ensures the accuracy of many programs like the reliability of the reports of accounts, the asset protection, the improvement of the organizations efficiency and integrity (Johnston, 2003). In further conditions, the organization will have the ability to safeguard the financial transactions which furthermore provides the accuracy, reliability and the completeness of the data. For all these systems, it is most important to check whether the accounting software that is selected for the organization is correct or not. By the adoption of the software, the organization makes itself sophisticated in every means. Before the ad option, it is necessary to check whether the software is capable of calculating the requirements of the payroll, or it is efficient enough in handling multiple works, or it is suitable for foreign currency and much more (Jger et al., 2015). The software implementation majorly aims towards the growth of the organization and the help in reaching the objectives of the organization. The accounting software generally keeps control on the organization, which are basically of five types. They are preventive control, corrective control, general control, detective control and application control. In the preventive control, there is a control upon the assets and the personnel chosen must be qualified. Same way the detective measures are to be said to detect the issues that are raised in or outside the organization (Jackling McDowall, 2006). The general control gives an idea on the stability and the management of the framework of this information system. In the same way, the other controls ar e also dedicated to their own concern area. The application control generally gives the idea for the sophistication of the total framework of the accounting system which will enable the organization in its accuracy in the data collection, its entry, its processing and finally its storage (Lederer zur, 2001). Therefore every organization has its distinct accounting software with which it can follow the ideal rules. Literature Review: The organization that acquires a good amount of framework of the accounting software maintains the stability of the accounts and the financial transactions of its financial resources. For this purpose, there have been the various amount of software that are required by the organizations to keep their account information and also which process was much prevalent from the ancient times. In the ancient times also the accounting work was mostly by adopting many traditional systems. In the Journal of Accountancy, Randolph P. Johnston in A Strategy for Finding the right accounting software said that choosing an accounting software is the most difficult and challenging work because the choosing of the accounting software depends on upon the requirement of the organization (Johnston, 2003). Emilio Boulianne in Impact of accounting software utilization on students knowledge acquisition said that the utilization of the software has sufficient impact on the knowledge acquisition of the students with respect to the accounting cycle (Boulianne, 2014). In another journal, the advantages of using computerised accounting software, there has been many pieces of evidence where there evidences of the development of the accounting software with the growing time. As per Jger, it has been said to list out the various IPOs of Australia in the Australian Accounting Software Company (Jger et al., 2015). By acquiring this process, it is sure that the organization is acquiring the process repairing by this information system which is also applicable for the balance sheet and finally it has been sold in the market in good condition. Evident of Research: The business organizations generally have many important characteristics which are shown in the spreadsheets and the accounting software; therefore it is important to search some specific features of it before the selection. It is proved, or it is evident from various sources of research is the emergence of the accounting system is Genoa. The evidence of this development and the emergence of the accounting information system are being mentioned in the book The Summa which is being written by Lucia Pacioli, due to which Lucia Pacioli is said that as the Father of accounting. As per Jackling McDowall, the software is generally capable of handling the variable data of accounts or the financial data which are there for the organization (Jackling McDowall, 2006). The research basis of evidence shows that the ability of the system in handling the multiple accounts and handling multiple accounts and a wide range of data. It is also evident that the evolution of accounting took place led t he customers and the organizations savvier technically, and also all get more curious regarding the all other developments that are required for the accounting software system. According to Lederer zur, the action of the accounting software made it as the whole total management tool of the business that is used in the organization (Lederer zur, 2001). As the Australian market is very much prevalent for the use of IPO and AIS, so the accounting system will be able to maintain the company processes with respect to the market position as in the healthy state. Development Discussion: With the development of the accounting software, there are much software that is being used in Australia for the data sophistication in the Australian organization by giving the opportunity to meet the lacunas of their financial management. Some of the software that is used in the normal case is the MyOB, Cashflow Manager, Xero-online, Nominal and much more. As per Klose, the accounting software that is developed for the flexibility of the business organizations is mostly useful in providing the reliability of the financial data which has to be used further for future use (Klose et al., 2004). The development in the efficiency of the accounting data is also helpful for all the other areas of the organization, as the human resources can get the details of the efficient employees. Accounting Software is basically designed to give an idea of the accounting information system of the whole of the organization where there has the account transactions are being accurately delivered in accor dance with the accounts whether it is payable or receivable, trail balance or payroll (Neely et al., 2015). The development of the accounting software generally contributes towards the competitive advantage of the company and also gives much importance towards the decision of the managerial position. As per the survey by Neely, The small businesses in Australia are generally using the MyOB for many of its purposes (Neely et al., 2015). The data management through the developed technical services gives many advantages to the organization by increasing its sophistication and making the organization digitized. Conclusion The emergence of the accounting software in the increasing business market made a very excellent development in the business with respect to the global market. Also, the development of the accounting software can be said as very important development as per the technological aspect of IT is concerned. Further, the usage or the implementation of the software made the organization to realize the issues which involve the general ambiguities of the information technology. Therefore its implementation makes the consultants providing the support that is required by the organizations for the technical expertise of the IT professionals (Smedley Sutton, 2007). Generally, this application of the accounting software will make the employees to get trained by the training and the coordination that is required to make the implementation successful. Therefore the accounting software is a very fruitful aspect for the organizations in the global market which is helpful in achieving the financial sta tistics and the potential of the organization in accordance with the market. References Boulianne, E. (2014). 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