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Accounting Information Systems (AIS) -Assignment

   

Added on  2021-05-30

9 Pages1850 Words79 Views
Running head: ACCOUNTING INFORMATION SYSTEMAdoption of Cloud Based Accounting Information System in Business OrganizationsName of the student:Name of the university:

1ACCOUNTING INFORMATION SYSTEM1. IntroductionAccounting information system (AIS) is referred to as a formal collective processcomprises of data collection, processing of data to information, information distribution, widelyused by most of the large to medium business organizations for managing their credentials(Diatmika, Irianto and Baridwan 2016). It has been analyzed that the managerial, operational andaccounting level issues can be completely resolved with the implementation of cloud basedAccounting Information System (AIS). This report depicts the overview of cloud computing system its functionalities. Inaddition to this it is also defied that ff any business organizations fail to consider all necessaryfactors then the business may face serious commercial and competitive loss. The benefits andchallenge of cloud based accounting system are also elaborated in this report. Apart from this,based on the identified challenges necessary recommendations are also demonstrated in thisreport. 2. Overview of Cloud computing The concept of cloud computing has been merged with the Accounting InformationSystem to serve huge number of consumers. It uses multi tenancy where the different resourcesare frequently allocated paralelly de allocated according to the demand of the users because fromthe end of the users it is not possible to actually find out where the resources are resides(Sudaryanti, et al. 2015). The functionalities served by cloud computing is as follows:Self servicing and on demand services: Cloud computing technology is completelybased on the self service as well as on demand models for services. It allows the users to make

2ACCOUNTING INFORMATION SYSTEMinteraction with the cloud for performing tasks such as building, deploying, accounting,managing as well as scheduling. Through cloud AIS the users will be able to access thecomputing abilities. It also helps the user to control and bridging to serve all necessary futureneeds. Reduced cost level: The level if total cost gets reduced because cloud does not have anykind of upfront cost. The users have to pay based on the required amount of the resources. Theultimate costs of the operation get reduced and users can easily track the usability (Appelbaum etal. 2017). Therefore, usage of the cloud based AIS are also commercially beneficial. Quality of services: cloud computing gives one of the level of service to the users.Within the SLA the included service levels are round the clock availability guarantee, resourceadequate, bandwidth and performance. If the services lack any one of these guarantees then itwill prove fatal for consumers. 3. Challenges and benefits of cloud computing The purpose of implementing cloud based Accounting information system is to collect,transfer and process data according to the need of the business and consumers. The informationalreport produced by different business organizations helps the project heads to take effectivestrategic decisions (Givoly, Hayn and Katz 2017). AIS can even be manual system and most ofthe Accounting Information systems are computer based. The below section defines thechallenges and benefits associated with the cloud based AIS.

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