Accounting Information System 5 - 3570 Words

American Journal of Scientific Research ISSN 1450-223X Issue 4 (2009), pp36-44  © EuroJournals Publishing, Inc. 2009 http://www.eurojournals.com/ajsr.htm Accounting Information Systems (AIS) and Knowledge Management: A Case Study Zulkarnain Muhamad Sori Department of Accounting and Finance, Faculty of Economics and Management Universiti Putra Malaysia Abstract This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it’s contribution to the knowledge management and strategic role of the organisation. ZBMS is a company that registered in Kuala Lumpur and operate in construction industry. The company used automated AIS known as ‘Contract Plus – Financial Project Accounting’ package commercially†¦show more content†¦Drucker believed that knowledge is always embodied in a person, taught and learned by a person, used or misused by a person. As the world moving into knowledge era, this paper will examine how ZBMS Sdn. Bhd. manages its knowledge in order to remain competitive amongst the construction industry. Probst, Raub Romhardt (1999, p.1) stressed that companies must learn to manage their intellectual assets (i.e. knowledge) in orde r to survive and compete in the ‘knowledge society’. Indeed, knowledge management is concerned with the exploitation and development of the knowledge assets (Davenport et al., 1998). This paper seeks to examine the Accounting Information Systems (AIS) used by a Malaysian company named ZBMS Sdn. Bhd. The paper will highlight the users of the system and the way information adds value to the organisation. Also, the paper will investigate the way knowledge is managed through the process of creating, storing, disseminating and applying and how information system plays an important role throughout the process and the AIS contribution in the organisation’s strategic role. The remainder of the paper is organised as follows. The following section describes the background of ZBMS and the use of accounting information systems. The third section provides research findings on accounting information systems employed by ZBMS. The fourth section offer suggestions forShow MoreRel atedThe Impact of Contingencies on Management Accounting System Development.1725 Words   |  7 PagesManagement Accounting SYSTEM 1 3.0 THE IMPACT OF CONTINGENCIES ON MANAGEMENT ACCOUNTING SYSTEM DEVELOPMENT 2 ( i ) Environment 2 ( ii ) Strategies and mission 3 ( iii ) Technology 4 ( iv ) Firm interdependence 4 ( v ) Business unit, firm, and industry variables 5 ( vi ) Knowledge and observables factors 5 ( vii ) Culture 6 4.0 Summary and Conclusions 6 5.0 REFERENCE BOOKs 7 1.0 INTRODUCTION The management of a company needs to develop cost and management accounting systemsRead MoreAccounting Software Example1303 Words   |  6 PagesTable of Contents OBJECTIVES 3 BUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the properRead MoreAccounting Information System Chapter 1 Discussion Questions1687 Words   |  7 PagesDiscussion Questions 1. Discuss some of the challenges facing business today. Does information technology play a role in these challenges? Explain. The business world and society in general are undergoing phenomenal and sometimes turbulent change. The â€Å"new economy† driven by the Internet has seen the rise of entirely new businesses like Amazon.com, Yahoo, eBay, and of course Google. While the â€Å"dot com bust† of 2000 saw the demise of thousands of Internet-oriented businesses, the fact remains thatRead MoreFinal Exam Essay790 Words   |  4 PagesACC/340 Accounting Information Systems I Week 5 The point value for the Multiple Choice is 1 point per question each for a grand total of 20 points. If you have any questions please let me know. Thank you and good luck. 1. The â€Å"S† in the acronym â€Å"AIS† stands for: a) Standard b) System (X) c) Symbol d) none of these 2. Which of the following is true? a) An AIS must be computerized to be useful b) An AIS always produces useful information (X) c)Read MoreKnowledge of Accounting System as Effective Tools in the Decision-Making of Micro Enterprises1343 Words   |  5 PagesRecently, on July of year 2009, the International Accounting Standards’ Board (IASB) released the International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) . Micro, small and medium enterprises (MSMEs) encompass 99.6% of all registered business in the country and occupy 70% of the labor force (Department of Trade and Industry [DTI], 2010). This makes them an essential unit in the economical aspect of the country. Also, according to DTI, their major role entailsRead MoreAccounting Information System (Ais) - a Conceptual Study1986 Words   |  8 PagesISSN:-2230-7850 Research Papers ACCOUNTING INFORMATION SYSTEM (AIS) - A Conceptual Study Dr.Rambabu Gopisetti Assistant Professor, Department of Commerce, Telangana University, Dichpally, Nizamabad, A.P. 503322 G.Srinivas Academic Consultant, Department of Commerce, Telangana University, Nizamabad, A.P. ABSTRACT Managerial decision making normally relies upon an effective information system. At present many firms are using accounting software to prepare accounting reports very quick, perfectlyRead MoreA Study of the Barriers of Implementation of Accounting Information System: Case of Listed Companies in Tehran Stock Exchange5251 Words   |  22 Pagespp. 76-85, Feb 2011 A study of the barriers of implementation of accounting information system: Case of listed companies in Tehran Stock Exchange 1Accounting Mahdi Salehi1 Abdoreza Abdipour2 and Management Department, Islamic Azad University, Takestan Branch, Iran, 2Payame Noor University, Andimeshk Branch, Iran mahdi_salehi54@yahoo.com Abstract: Accounting information system is one of subsystems in management information system that is very important in all companies. The current study reviewsRead MoreChapter 1 Accounting Information Systems and the Accountant14769 Words   |  60 PagesChapter 1 Accounting Information Systems and the Accountant INTRODUCTION WHAT ARE ACCOUNTING INFORMATION SYSTEMS? Accounting Information Systems—A Deï ¬ nition Accounting Information Systems and Their Role in Organizations CASE ANALYSES The Annual Report Universal Concrete Products Ross, Sells, and Young, LLP REFERENCES AND RECOMMENDED READINGS ANSWERS TO TEST YOURSELF WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS? Suspicious Activity Reporting Countering Terrorism Corporate Scandals and Accounting TheRead MoreThe Adoption Of Cloud Based Accounting Information System1784 Words   |  8 Pagesreport is to critically analyze the adoption of cloud based accounting information system (AIS) in business organizations and also its challenges and benefits of cloud based environment. Cloud accounting (SAASU 2014, para 3) is also called ‘online accounting’, which provides the same service as accounting software and data is securely stored on servers known as the cloud. According to Emma Watkins (Demand Media 2014, para 1), â€Å"cloud accounting is the use of computer hardware and software applicationsRead MoreProblems and Prospect Business Education in Nigeria Colleges of Education5490 Words   |  22 Pages   Semantic Modeling in Accounting Education, Practice, and Research: Some Progress and Impediments   Ã‚  Ã‚   by    William E. McCarthy, Arthur Andersen Alumni Professor Department of Accounting, Michigan State University                ____________________________________________________________ _ Published in: Conceptual Modeling: Current Issues and Future Directions, Editors: P. P. Chen, J. Akoka, H Kangassalo, and B. Thalheim. Springer Verlag, Berlin and Heidelberg, 1999, pp. 144-53. All of the judgments