Assignment on What is Accounting Information Systems?

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Accounting Information Systems

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Table of Contents
Part A.........................................................................................................................................3
Part B..........................................................................................................................................3
Introduction............................................................................................................................3
Ease of installation.................................................................................................................3
Flexibility...............................................................................................................................3
Update frequency...................................................................................................................3
Control procedure...................................................................................................................3
Ease of making statements.....................................................................................................4
Conclusion..............................................................................................................................4
References..................................................................................................................................5
Appendix....................................................................................................................................6

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Part A
In the excel sheet provided in the Appendix.
Part B
Introduction
In the company, there is a need for proper reporting and for that, there is various software that
is available. One of them is MYOB which is used by many companies and it is required that
all the understanding in this respect shall be gained. For this, the report is prepared below in
which all the important aspects will be covered.
Ease of installation
The installation of MYOB essentials is a very easy process and can be undertaken by all the
companies. The business details are required to be entered on the software and it is installed
in an effective manner.
Flexibility
The chart of accounts is required to be prepared in MYOB and the process which is involved
is highly flexible. In that, there is a standard chart that is available and can be used by
entities. With the help of this, the accounts are mapped on an automatic basis and the groups
which are involved bifurcates the data according to their positing in financial statements. The
making of the modification is also a simple process and due to automation of the software,
there is no difficulty that is faced.
Update frequency
The updates are available whenever required and when a new feature is available which will
ease the process for the users. There is always the need for change and that is completely
taken care of by MYOB. There is the option to update the software and once the same is
selected the update is installed automatically.