Accounting Information System: Analysis of Effectiveness in Business

This report provides a comprehensive analysis of the effectiveness of Accounting Information Systems (AIS) in various business contexts. It begins with an introduction outlining the importance of AIS in modern business operations, followed by a detailed methodology section describing the deductive research approach and systematic literature review employed. The report presents findings from a systematic review of 13 studies, highlighting the positive impacts of AIS on operational efficiency, financial analysis, and decision-making. The discussion section synthesizes the findings, emphasizing the benefits of AIS while acknowledging potential challenges like human resource resistance. The conclusion reinforces the significant positive impact of AIS, recommending its adoption by businesses of all sizes. The report includes a detailed table of contents, PRISMA structure, and tables summarizing the included studies, their purposes, methods, and findings.

Running head: ACCOUNTING INFORMATION SYSTEM
Accounting Information System
Name of the Student
Name of the University
Author note

1ACCOUNTING INFORMATION SYSTEM
Table of Content
Introduction................................................................................................................................3
Methodology..............................................................................................................................4
Systematic Review.....................................................................................................................5
Discussion................................................................................................................................11
Conclusion................................................................................................................................11
References................................................................................................................................13

2ACCOUNTING INFORMATION SYSTEM
Introduction
Accounting information system is an advanced information technology based financial
operational approach in business that allows to gather, analyse and estimate information with
the help of digital technology. Depending on the size of the business the components of
business operations to be considered for financial accounting increase. With the increased
components the financial and accounting procedures become complex and vulnerable as well,
because it is the most essential part of business operational execution and decision making
(Lim, 2013). In today’s world different business organisations are adopting accounting
information system for advancing their efficiency and business performance. However, to
ensure its authenticity and reliability evidences will be needed that can support the statement
that “Accounting information system is beneficial for business” or not.
The purpose of this paper is to analyse the true effectiveness of accounting information
system in business environment so that it can be adopted by any small to large scale company
without any doubt. Therefore, the major objectives of this study are:
 Collecting data about effectiveness of accounting information system in business
environment
 Analysing the data to finding the effectiveness of accounting information system
 Recommending with concluding statement regarding the reliability of accounting
information system as a beneficial adoption
In order to analyse and meet the objectives of this study a pair of hypotheses has been
developed and presented in the following section:
HO: The benefits of the accounting information system reflects no impact on the business
industries.

3ACCOUNTING INFORMATION SYSTEM
H1: The accounting information system is very beneficial and has a great impact on various
business industries.
Methodology
Methodology of a research depends on both conceptual aspects and practical aspects. This
research has pre-assumption or hypothesis about impact of accounting information system is
business and therefore the chosen research approach for this research is deductive. This
research is entirely based on the secondary data with the help of systematic literature review
and therefore the chosen research design for this study is systematic review. The resources of
the data collection was various business articles, previous researches.
For the data collection procedure the major database that are used are researchgate.net,
ojs.deakin.edu.au, semanticscholar.org, sciencedirect.com, papers.ssrn.com and Google
scholar. The key words that are used for resource finding are “accounting information
system”, “impact of accounting information system on business”. For this resource finding no
Boolean search method has been used.
The inclusion criteria for this research were, primary research, secondary research,
accounting information system, business strategy analysis, technical analysis, case study. The
exclusion criteria for selecting the research were not more than 6 years old, not in non-
English language and not a peered reviewed article. In the following PRISMA structure the
process of collecting the data has been presented.

4ACCOUNTING INFORMATION SYSTEM
Published Identified Review
N=90
Database search=65
Other sources=35
Reviewed as per inclusion
criteria
N=65
Reviewed as per exclusion
criteria
N=30
Final included research for
analysis
N=13
Duplicates Excluded
N=25
Excluded by inclusion criteria
N=35
Excluded by inclusion criteria
N=17
As per the above PRISMA structure it can be seen that total 13 studies have been included for
the analysis. For analysis tabular data extraction method has been used. In order to test the
hypothesis the findings of articles have been analysed where the number of positive outcomes
of accounting information system is listed with negative outcomes. Through calculating the
total numbers of outcome the comparative analysis have been done. Based on the result of
comparative analysis the hypothesis has been tested.
Systematic Review
In the following section the details of included studies have been presented.
Journal Date Authors Title
Asia-pacific Journal of Multimedia
Services Convergent with Art,
Humanities, and Sociology
2013 Francis Pol C. Li Impact of Information
Technology on Accounting
Systems
International Journal of
Multidisciplinary and Current
2015 Dr. Daw Hla Efficiency of Accounting
Information System and

5ACCOUNTING INFORMATION SYSTEM
Research and Susan Peter Teru Performance Measures –
Literature Review
Australian Journal of Business and
Management Research
2013 Adebayo, Mudashiru
Idowu, K.A
Yusuf, Babatunde
Bolarinwa, S.A.
Accounting Information
System as an Aid to
Decision Making In Food
and Beverages Companies
in Nigeria
European Scientific Journal 2014 Dr Ali Mahmoud
Abdallah Alrabei
The impact of accounting
information
System on the Islamic banks
of Jordan:
An empirical study
International Journal of
Economics, Commerce and
Management
2016 Basel J. A. Ali
Wan Ahmad Wan
Omar
Rosni Bakar
Accounting information
system (AIS) and
Organizational performance:
moderating
Effect of organizational
culture
Global Disclosure of Economics
and Business
2015 Dr. Neogy Evaluation of Efficiency of
Accounting Information
Systems: A Study on Mobile
Telecommunication
Companies in Bangladesh
Procedia Economics and Finance 2015 Oľga Ponisciakova
Martina Gogolova
Katarina Ivankova
The Use of Accounting
Information System for the
Management of Business
Costs
International Journal of Research
(IJR)
2016 Kpurugbara, Nwinee
Yikarebogha Erorogha
Akpos
Nwiduuduu, Vincent G.
Tams-Wariboko, Ibinabo
Impact of Accounting
Information System on
Organizational
Effectiveness: A Study of
Selected Small and Medium
Scale

6ACCOUNTING INFORMATION SYSTEM
Enterprises in Woji,
Portharcourt
International Journal of Academic
Research in Management (IJARM)
2014 Augustine Muhindo
Maureen Kapute Mzuza
Jian Zhou
Impact of Accounting
Information Systems on
Profitability of Small Scale
Businesses: A Case of
Kampala City in Uganda
Theoretical and Applied
Economics
2013 Sorin BRICIU
Carmen SCORŢE
Ioana MEŞTER
The impact of accounting
information on managerial
decisions – Empirical study
conducted in the hospitality
industry entities in Romania
Australian accounting business
and finance journal
2017 Ali Uyar
Ali Haydar Gungormus
Cemil Kuzey
Impact of the Accounting
Information System on
Corporate Governance:
Evidence from Turkish
Non-Listed Companies
DBA Africa Management Review 2016 Fagbemi, Temitope
Olamide
Olaoye, Joshua
Adeyemi
An Evaluation Of
Accounting Information
System And Performance
Of Small Scale Enterprises
In Kwara State, Nigeria
Russian Federation European
Researcher
2015 Elvisa Buljubašić
Erkan Ilgȕn
Impact of Accounting
Information Systems on
Decision Making Case of
Bosnia and Herzegovina
In the following table the purpose, method and major findings of the included studies have
been presented for systematic review and further analysis.
Study Purpose Method Findings
Lim (2013) Finding the impact ofDescriptive studyIncreases operational

7ACCOUNTING INFORMATION SYSTEM
accounting information
system as an advanced
information technology
based on secondary
data collection
efficiency, increases the
financial analysis speed,
increases the financial
analytical accuracy,
increases data sharing
capacity through flexibility
Hla & Teru
(2015)
Finding the impact of
accounting information
system as per the
performance measure of the
business operations
Descriptive study
based on secondary
data collection and
literature review
Business performance
improvement, increases
profitability, better control
over investment
Fagbemi &
Olaoye, (2016)
Finding the impact of
accounting information
system on organisational
decision making
Primary study based
on semi-structured
interview
Increases the efficiency
business decision making,
operational decision
making and financial
decision making
Alrabei, (2014) Finding the impact of
accounting information
system on the banking
management system
Descriptive primary
study based on
semi-structured
interview
Increases financial analysis
speed, increases the
financial analytical
accuracy,
Ali, Omar &
Bakar (2016)
Finding the impact of
accounting information
system on organisational
culture, relationship and
performance
Descriptive primary
study based on
survey
Improves data sharing,
organisational
performance,
organisational culture
Neogy (2014) Finding the impact of
accounting information
system on
telecommunication
companies
Case study analysis
and survey based
primary data
collection
Helps systematic
execution, improves
information sharing,
Kpurugbara et
al., (2016)
Finding the impact of
accounting information
system on human resource,
Case study and semi
structured interview
and quantitative
Improves operational
efficiency, resistance from
human resource, improves

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organisational process and
data gathering
analysis record keeping, improves
estimation
Ponisciakova,
Gogolova &
Ivankova,
(2015)
Finding the impact of
accounting information
system on economics of the
business and control over
business cost
Mathematical
model and
secondary data
collection.
Helps in cost control
system, increases financial
estimation accuracy,
improves managerial
decision making
Briciu, Scorţe
& Meşter,
(2013)
Finding the impact of
accounting information
system as per the
performance measure of the
business operations
Descriptive study
based on secondary
data collection and
literature review
Business performance
improvement, increases
profitability, better control
over investment
Muhindo,
Mzuza & Zhou,
(2014)
Finding the impact of
accounting information
system on organisational
decision making
Primary study based
on semi-structured
interview
Increases the efficiency
business decision making,
operational decision
making and financial
decision making
Fagbemi &
Olaoye, (2016)
Finding the impact of
accounting information
system on the banking
management system
Descriptive primary
study based on
semi-structured
interview
Increases financial analysis
speed, increases the
financial analytical
accuracy,
Buljubašić &
Ilgȕn, (2015)
Finding the impact of
accounting information
system on organisational
culture, relationship and
performance
Descriptive primary
study based on
survey
Improves data sharing,
organisational
performance,
organisational culture
Uyar,
Gungormus &
Kuzey, (2017)
Finding the impact of
accounting information
system on
telecommunication
companies
Case study analysis
and survey based
primary data
collection
Helps systematic
execution, improves
information sharing,

9ACCOUNTING INFORMATION SYSTEM
From the above data collection the following synthesis has been made. In this table the
number of positive impacts found in the study has been counted along with number of
negative impacts fount in these studies.
Study Positive
Impacts
No
Impact
Negative
Impacts
Lim (2013) 5
Hla & Teru (2015) 4 2
Fagbemi & Olaoye, (2016) 2
Alrabei, (2014) 6 1
Ali, Omar & Bakar (2016) 3
Neogy (2014) 4
Kpurugbara et al., (2016) 2
Ponisciakova, Gogolova & Ivankova, (2015) 3
Briciu, Scorţe & Meşter, (2013) 3
Muhindo, Mzuza & Zhou, (2014) 2
Fagbemi & Olaoye, (2016) 4 1
Buljubašić & Ilgȕn, (2015) 5
Uyar, Gungormus & Kuzey, (2017) 5 2
Mean (S.D) 3.7(1.2) 0(0) 1.5(0.5)
From the mean and standard deviation of positive impact of accounting information system it
can be said that positive impact varies form (3.7-1.2)= 2.5 to (3.7+1.2)=4.9. From the mean
and standard deviation of negative impact of accounting information system it can be said
that negative impact varies form (1.5-0.5)= 1 to (1.5+0.5)=2. Hence, the positive impact of
Accounting Information System is significantly high in any business operation. Therefore,
null hypothesis has been rejected and alternative hypothesis has been accepted. Hence, The
accounting information system is very beneficial and has a great impact on various business
industries.

10ACCOUNTING INFORMATION SYSTEM
Discussion
From the above systematic review it has been found that accounting information system is
very helpful for any business organisation in many aspects. It has been found that,
information technology driven data gathering and financial assessment system increases
operational efficiency while increasing the accuracy and speed of financial analysis process
in an organisational environment. The studies also show that the utilisation and integration of
telecommunication as a part of accounting information system increases data sharing capacity
through flexibility. These advancements can significantly improve the Business performance
and operational efficiency. It has been also found that accounting information system helps to
effectively control the decision making process by developing an accurate and effective
financial estimation. It helps to develop an effective business plan for any business
organisation. It has been also found that the increased financial and accounting ability and
control over business operations help to improve organisational culture and collaborative
environment. However, some studies argued by stating that since implementing the
accounting information system needs major changes in organisational operations and human
resource organisations can experience resistance from human resource and other operational
complexities while implementing an advanced networking based data sharing and integrated
accounting management.
Conclusion
From the above findings and analysis procedures it can be said that the accounting
information system is very beneficial and has a great impact on various business industries.
Therefore, from the findings it can be also stated that accounting information system is so
effective for any business environment that it can be adopted by any small to large scale
company without any doubt. However, during the making changes in this essential part of the

11ACCOUNTING INFORMATION SYSTEM
business the management of an organisation need to implement effective change management
strategies with the help of proper leadership management strategies.