Success factors of Accounting Information Systems
Liberty University – ACCT 531
October 11, 2015
Over the past few years, there has been an increase in the number of small and medium business enterprises (SMEs). Technology has also been advancing at a rather fast rate. SMEs has an important role in creating employment and growing the economy of a country due to their flexibility and responsiveness to change in demands. Their presence is however still overshadowed by big companies who have an upper hand in terms of resources and market control. There is need for SMEs to improve their presence and competitive power to gain an advantage over large companies. One way of doing so is employing technology and particularly Information Systems in the running of their businesses. Information systems will not only simplify the decision-making process but also reduce production costs and increase profit margins. This paper identifies the factors necessary in successfully adopting and implementing AIS in a firm such as leadership, data quality, customer and supplier involvement and personnel competency. It also looks at how these various factors affect AIS in a firm and how they contribute to the success of AIS if well manipulated.
Success Factors of Accounting Information Systems
Accounting Information System (AIS) is a software package used in accomplishing various accounting tasks like recording, sorting, analysis, presentation, storage, retrieval and transfer between different stakeholder groups. Resulting reports can be used internally by an organizations management or externally by investors, creditors and tax authorities. AIS has been known to enhance the quality of accounting information and improve the efficiency in transfer of information between different organization department and branches (Hunton, 2002). As technology advances, AIS is not only expected to perform tasks related to speed and accuracy of...