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Significance of Accounting Information System

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Added on  2020-02-24

Significance of Accounting Information System

   Added on 2020-02-24

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Running head: ACCOUNTING INFORMATION SYSTEM Accounting Information SystemStudent Name:University Name:Author Note:
Significance of Accounting Information System_1
2ACCOUNTING INFORMATION SYSTEMExecutive SummaryThe present study represents the significance of undertaking mechanized system ofaccounting. This study conducted on AIS/ERP system is explained with the help of thebusiness case on the corporation B Bakery. The corporation presently follows a manualaccounting system. Thus, several benefits of a mechanized/automated system of accountingcan be reflected in this study that in turn can help the corporation to achieve strategicobjective. Criteria of software can be prepared as well as presented to the corporationfounded on several facets. Again, these facets include recording and documentation,mechanised and easy financial assertion evaluation, online business dealings and manyothers. Besides this, there are diverse categories of software that can be analytically evaluatedand the software MYOB can be recommended to the corporation founded on the necessities.This study also provides an appropriate validation behind the selection of particularly theMYOB software for the corporation B Bakery.
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3ACCOUNTING INFORMATION SYSTEMTable of ContentsIntroduction................................................................................................................................3Solution to Question 1:...............................................................................................................3Solution to Question 2:...............................................................................................................5Solution to Question 3:...............................................................................................................7Solution to Question 4:...............................................................................................................9Solution to Question 5:.............................................................................................................10Conclusion................................................................................................................................14References................................................................................................................................15
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4ACCOUNTING INFORMATION SYSTEMIntroduction Accounting system software assists in tracking different financial actions of the corporationin a very systematic way. The contemporary business environment is essentially particularlycompetitive in nature. Owing to this, different forms of contemporary corporations have theneed to adopt diverse types of advanced technology in a bid to maintain their business and tocompete with their rivals. The current study analytically evaluates the requirement ofeffectual accounting system of the corporation B Bakery. In particular, this corporation BBakery follows a manual version of system of accounting and has not yet undertaken themechanized accounting software. Different forms of system of accounting as well asaccounting software is hereby proposed to the corporation and the advantage of this kind ofprocesses is also elucidated in detail in this study. Solution to Question 1:Explanation of Baker and description of business processes PartAAs rightly mentioned by Prasad and Green (2015), individual manufactures different kinds ofbreads as well as cakes with the assistance of a heated source can be regarded as a baker.However, bakery is referred to as the place of work in which the baker essentially utilizes andmarkets their own bread as well as cakes. Procedures of business of the business concern B Bakery The business entity B bakery essentially undertakes a wide range of business actions thatincludes the following: Production or Manufacture of Diverse Bakery Products
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