Accounting Information System for Adam and Company: A Case Study

Running Head: System- AIS 1
Project Report: System- AIS

System- AIS 2
Table of Contents
Introduction.......................................................................................................................2
Purchase system................................................................................................................2
Cash disbursement system................................................................................................5
Payroll system...................................................................................................................7
Internal control..................................................................................................................8
Conclusion......................................................................................................................11
References.......................................................................................................................12

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Introduction:
Accounting information system is an information technology system which is used in
organizations to collect, store and process the financial data and accounting data of an
organization in order to manage the records and make a decision. It is basically prepared to
track the performance of the business with less chances of error. It helps an organization to
settle all the accounting records and prepare financial statement so that the stakeholders of the
business could evaluate on the basis of their grounds and make a better decision (Pugh,
2016). A proper accounting information system in an organization makes it quite easier for
the organization to boost the performance and motivate the management to get better reports
to make decision.
In the report, Adam and company’s case study has been studied and importance of
accounting information system in an organization has been understood. Adam and co is a
wholesaler Adam and Company which basically imports the goods from different countries
and it is basically situated in the market of Perth. All the process of the Adam and Company
is controlled and managed by different departments such as purchase system, payroll system,
cash management system (Steiss, 2019).
Purchase system:
Adam and company’s purchase system has been programmed in such a way that the
total quantity ordered along with the worth of the product could be identified at one go and it
becomes easier for the management to decide the sale price of the business. In order to
prepare a purchase system, below flow chart has been made:

System- AIS 4