U23000: Independent Study for Accountants
Added on 2020-03-16
29 Pages6809 Words167 Views
1INDEPENDENT STUDY FORACCOUNTANTS (ISAC)U23000Lecturer: Mikki NgTHESIS TOPIC:ROLE AND IMPACT OFACCOUNTING IN DECISION MAKINGStudent name: Lim Teck WaiStudent ID: 837747I declare that all materials included in this essay/report/project/dissertation is theend result of my own work and that due acknowledgement have been given in thebibliography and references to ALL sources be they printed, electronic or personal.Signed: Date: 01st December 2017
2ROLE AND IMPACT OF ACCOUNTING IN DECISION MAKINGContents1.0 CHAPTER ONE........................................................................................................................41.1 Background of the Study...........................................................................................................41.2 Problem Statements...................................................................................................................51.3 Purpose of The Study.................................................................................................................61.4 Significance of The Study.........................................................................................................61.5Research Questions...............................................................................................................61.6Hypothesis of The Research.................................................................................................61.7 The Scope and The Study’s Delimitation..................................................................................71.8 Disadvantages of The Study......................................................................................................72.0 CHAPTER TWO.......................................................................................................................72.1 Review of Relevant Literature...................................................................................................72.11 Introduction..............................................................................................................................72.12 Accounting Training and Development Perspective...............................................................82.13 Use of Accounting Information Systems in Decision Making of ZBMS Company.............102.14 Usage of Information Within AIS.........................................................................................102.15 User of Accounting Information System...............................................................................112.16 Functions of AIS....................................................................................................................113.0 CHAPTER THREE.................................................................................................................123.1 Research Design and Methodology.........................................................................................123.11 Introduction............................................................................................................................123.12 Research and Design..............................................................................................................123.13 Population..............................................................................................................................123.14 Samples and Sampling Methodology....................................................................................123.15 Research Tools.......................................................................................................................133.16 Methods Used in Data Collection..........................................................................................133.17 Analyzing of Data..................................................................................................................133.18 Validity and The Tool’s Reliability.......................................................................................133.19 Statistical Instruments Used to Analyze Data.......................................................................144.0 CHAPTER FOUR...................................................................................................................154.11 Analysis and Presentation of Data.........................................................................................154.12 Analysis of The Data Collected.............................................................................................154.13 Interpretation..........................................................................................................................164.14 Interpretation..........................................................................................................................174.15 Interpretation..........................................................................................................................174.16 Interpretation..........................................................................................................................18
34.17 Interpretation..........................................................................................................................194.18 Interpretation..........................................................................................................................194.19 Research Questions................................................................................................................204.20 Interpretation..........................................................................................................................204.21 Interpretation..........................................................................................................................214.22 Interpretation..........................................................................................................................224.23 Interpretation..........................................................................................................................224.24 Interpretation..........................................................................................................................234.25 Interpretation..........................................................................................................................244.3 HYPOTHESIS TESTING.......................................................................................................244.31 Decision Rules.......................................................................................................................244.32 Hypothesis 1..........................................................................................................................244.33 Decision.................................................................................................................................255.0 Discussion................................................................................................................................266.0 Conclusion and Recommendations..........................................................................................26References......................................................................................................................................27
4CHAPTER ONE1.1 Background of the StudyAccounting and Information Systems (AIS) refers to a way of collecting, storing andprocessing of finance and accounts information that is helpful in decision making (Roska,2007). AIS simply refer to a method based on information technology that is used inmonitoring accounting routines. The report generated by the system can later be used by theinternal management or by other parties which might be interested such as investors, taxcompanies, and debtors.Accounting acts as business language as well as a tool that records, reports andevaluates economic activities that have impact on business initiatives (Kearns, 2014 ).Accounting and Information System manages all business transactions like cost, capitalexpenses and sales revenue (Wilmshurst, 2001). AIS give financial data to both internalusers and external users like managers and investors. Sometimes it is known as a way to anend, and the end being the decision reached with the help of an accounting data.Management refers to the act of ensuring things are done via people and thematerials which are available (Pervan, 2014). Management also refers to the act of workingespecially through others in order to achieve the set goals of a company or for their owninterest. While trying to accomplish the goals, managers must have strategic plans to findthe most appropriate Accounting Information (Horvat, 2015). Accounting Management usesfinancial and non-financial data which is to be used by internal individuals to makedecisions that facilitate achievement of an organization’s goals. Financial data thatmanagement uses include: market shares, sales growth and profits while non-financial datainclude: loyalty of a customer, performance of a product in competition and quality of theproducts.
5The process of finding other alternative sources of action through effective ways isknown as decision making. Decision making is applied only when there is no other courseto take or follow. According to (Wilmshurst, 2001) AIS provide validity checking throughauditions and accountability. Good Accounting Information Systems plays a major role inmaking of decisions and in management.1.2 Problem Statements.AIS tools play an important role in making decisions of a business. Tools that havebeen proved to be helpful in making business decisions of management accounting include:cost of data, profit and price. The cost of the system helps in obtaining knowledge of pricesand building a base for different decisions like calculation and estimation of profit. Whenmaking a decision, profitability is the determinant (Unegbu, 2014). A certain tool can proveto be useful in one organization and fail in a different organization. Distinctive data isrequired by organizations for different functions and therefore organizations must be keenwhen choosing accounting tools to suite their decisions.In general, the use of AIS will be a challenging factor when trying to change theenvironment which is competitive in order to make a good decision for an institution. Themain problem facing management is how to identify fundamental concepts of AIS whichwould be used by every sector like organizations, high schools and universities (Tartaraj,2014). The effect can either be positive or negative depending on the school’s choice ofaccounting information. This will enable us to identify the reason behind negative effectwhich can be resulted by employing a lot of accounting information or giving poorinformation to the schools. This can result to poor decisions regarding the school’s progress.The main aim is to understand how AIS in institutions help the management in making ofdecisions.1.3 Purpose of the Study
6The main aim of this study is to study the effects of AIS in secondary schools interms of the quality of decisions made by the management. Other aims of this study are; tostudy the impact of AIS on the management’s decision making process, to study the relationbetween the worker’s perception and the Accounting Information System, to study thevarious things that has effect on AIS within the schools, and to study the impact of AIS onthe performance of secondary schools.1.4 Significance of the StudyThe AIS has major role in regarding decision making. Therefore, recognizing andmaking decisions of the systems in the schools together with its relationship withtechnology will facilitate correction of defects that may be caused due to lack of technology.The technology that could help in making plans and rational decisions in high schools.1.5 Research QuestionsThe following questions were used to guide my study research: Does AIS have anyimpact on decision making regarding management? Does any relationship exist between theworker’s perception and AIS of the high school? Which are the things that facilitate enoughaccounting information in the schools? 1.6Hypothesis of the ResearchThis study was developed on the premise of the following hypothesis: There is noexistence of any relationship between decision making of the management and the AIS. 1.7 The Scope and The Study’s Delimitation
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
The Influence of AIS in Managing Decision in Retail Businesses in Sydney, Australialg...
|21
|6407
|93
Social Disclosure and Its Accountability within the Malaysianlg...
|53
|13360
|75
Beverage Industry in Pakistan PDFlg...
|28
|7586
|279
Perception of Physicians about Advanced Nurse Practitioners in Saudi Arabialg...
|59
|11894
|444
Access to Clinical Treatment Report 2022lg...
|59
|18007
|27
Impact of Advertising on Women's Cosmetics Buying Behaviourlg...
|51
|16286
|27