A very important aspect that is related with the implementation of the
accounting information systems in organizations, is quality of the data/information generated, due to the important role they play in the decision making process.
Threats to
accounting information systems come from a variety of sources.
Artificial intelligence and research in
accounting information systems: Issues and opportunities.
Blockchain, a public, decentralized ledger first used to enable bitcoin trading, has the potential to serve as a secure
accounting information system. A key feature of blockchain is that it decentralizes system management and authorization to a network of computers.
1 shows the financial and
accounting information system and financial and accounting management cycle.
To that end, we offer a new framework for
accounting information systems that we call Accounting Architecture.
The advantages of using
accounting information system (AIS) are relevant and important for the public managers and other users, such as: investors, creditors, managers, owners, customers, employees, regulatory agencies.
Big data provides the accounting information resources sharing platform: Computerized
accounting information system has changed the traditional accounting model, automate accounting bookkeeping, accounts, reimbursement, through an automated way to realize the change of financial management technology, and provides information to assist decision making to the managers(Juan, 2013; Khan, 2012).
A possible crisis that may arise in a business can be prevented if the mentioned
accounting information system is operated in a good way.
This undergraduate textbook describes the conceptual framework underlying financial accounting, the
accounting information system, the format of income statements and balance sheets, the time value of money, the valuation of inventories, different types of liabilities, stockholders' equity in corporations, accounting for income taxes and leases, and full disclosure in financial reporting.
It now looks to upgrade its
accounting information system.