Accounting Information System for Business Operations - Desklib

Running head: ACCOUNTING INFORMATION SYSTEM
Accounting Information System
Name of the Student:
Name of the University:
Author’s Note:

1ACCOUNTING INFORMATION SYSTEM
Executive Summary
The aim of the assignment is to provide a detailed analysis on the usage and the application of
the Accounting Information System in the daily operating business life. The assignment covers
about the various aspect of the usage and the application of rationale database in the business of
Mr Freddy. The usage and the application of Resources, Events and Agent Model can be well
assessed by combining the same with the accounting software data of the Shop so that efficiency
and utilisation of resources is tackled more easily. The REA Accounting data model designed
will help the company focus on the revenue cycle of the company. The expenditure cycle and the
inventory level of the shop could also be well assessed with the help of the usage of the REA
model. The as assignment also dealt with identifying the crucial Ares and sections of the
business where the operations of the company where lacking and the relevant decisions taken for
the support of the same. The revenue and the inventory cycle assessment was the key areas
assessed for the shop and the relevant advice was given. The key changes in the management and
analysis of the data and the usage of the same with the accounting software helped us analyse the
operations of the company.

2ACCOUNTING INFORMATION SYSTEM
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Conclusion.......................................................................................................................................9
Reference.......................................................................................................................................11
Appendix........................................................................................................................................15

3ACCOUNTING INFORMATION SYSTEM
Introduction
Resources, Events and Agents (REA) a technique that teaches us how to assess and apply
the concept of the available accounting information system, which is rare but a popular and
useful tool in handling important data and assessing the same. It is important for every
organisation and companies irrespective of their size and nature of the business should maintain
and apply the concept of relational database. If the data base are not properly maintained then it
would be difficult for every organisation to work effectively and efficiently. Mr Freddy should
also maintain a relational database that would guide him in the due course of his business activity
and the same could bring operational efficiency in his business as the internal or the backend
support and operation of the company or the organisation would improve (Dunn, Gerard &
Grabski, 2016).
The model bus shop should identify analyse and apply the data that are necessary for the
business and that would further guide them in their due course of time (Romney & Steinbart,
2015). There are different ways and technique used and applied by every organisation in
managing their key informational data but as the business and the organisation grows. It is
important for the companies to maintain an proper classified and unique way of handling data so
that the same can be applied and used by the companies for their long term growth and
prosperity. The allocation of the data should be done in a correct way so that the shop is easily
able to organize and allocate the data and the application of the same can be applied in the same
way efficiently. The use of the accounting software along with the data of the company and the
application of the same will bring out operational efficiency in the operations of the business.
The same concepts and technique will be applied for the Mr Freddy business so that he is able to
overcome challenges and difficulties faced (Mayo et al. 2015).