Role Of Accounting Information System

1065 Words3 Pages

1) The Roles of Accounting Information System for value chains. An Accounting Information System (AIS) can be defined as software that helps accountants to collect data and process it to create information ((Bagranoff, Simkin and Norman 2010) Therefore, AIS has several roles. A main role is to integrate all information system for effective management within a company, connecting different departments with relevant information. Another role is to assist the organisation to make decisions by preparing different reports and evaluating information. It also provides a company with a control and safeguard internal information ((Kim and Solomon 2006). AIS can greatly contribute to managing Value Chain of any manufacturing company and resulting in …show more content…

AIS covers many parts of the value chain and implying both to Supply chain management system, Customer relationship management system and Enterprise Resource planning system (www.youtube.com/watch?v=7wL6x1BSlw8, 2016) The Supply chain management system manages raw material, manage suppliers, schedule human resources while Customer relationship management system is in support to identify customer needs and wants, customer facing system etc. Enterprise Resource system is part of AIS integrating human resources and support services in a company. (Chen, I. J. 2001) At the same time a balance score card intergraded with Accounting Information System allows the companies to collect rightfull information, analyse the data and make evidence based decisions. (Marr, 2010). By adopting the value chain into a manufacturing company, it will gain efficiency, effectiveness, reduce the product cost and improve continuously. For example, Toyota has implemented Toyota Product System (TPS) integrated information system with the business process which allowed the company to be more efficiency, effectiveness and reduce inventory cost. (Toyota …show more content…

Toyota has implemented many different systems such as performance monitoring software, the Just in time (JIT) inventory system, electronic quality control system, communication system and information system thought out their value chain which enable to make correct decision during the manufacturing process. They have identified that having large inventories of spares cost them extensive capital and they have implemented the Just in time (JIT) inventory system which advices the suppliers the exact spares that the product line required and provides a time frame. Toyota adopted continuous learning and embraces change allowing their staff to research and innovation (Toyota

Show More
Related

  • Nt1330 Unit 1

    579 Words  | 2 Pages

    Supply chain management is connected with the flow of products and information between supply chain members and organizations. New development in technologies enables organization to get correct information easily in their premises. Technologies used are helpful in coordinating the activities which manage the supply chain. By this the cost of information is decreased because now we have increasing rate of technologies. In an integrated supply chain where product or raw material and information flow in a bi-directional we as managers needs to understand that information technology is more than just computers.

    Read More

  • Artificial Intelligence Theory

    4097 Words  | 9 Pages

    Abstract: In the future, intelligent machines will replace or enhance human capabilities in many areas. Artificial intelligence is the intelligence exhibited by machines or software. It is the subfield of computer science. Artificial Intelligence is becoming a popular field in computer science as it has enhanced the human life in many areas. Artificial intelligence in the last two decades has greatly improved performance of the manufacturing and service systems. Study in the area of artificial intelligence has given rise to the rapidly growing technology known as expert system. Application areas of Artificial Intelligence is having a huge impact on various fields of life as expert system is widely used these days to solve the complex problems

    Read More

  • Understanding Artificial Intelligence: Function and Classification

    1366 Words  | 3 Pages

    Artificial intelligence(AI) is refer to as computer algorithms that show functions that represent intelligence or duplicate certain components and elements of intelligence (Novella, 2017). Computers are good at crunching numbers, running algorithms, recognizing patterns, and searching and matching data. Artificial intelligence is also defined as the stimulation of human intelligence, functioned or processed by machines, especially computer system (Rouse, 2016). These processes involved learning which means the acquisition of information and the rules for using the information, reasoning whereby using the rules to achieve approximate conclusions, and lastly is self-correction. AI has applications in almost every way we use computers in society (Smith, 2006).

    Read More

  • Process Costing System

    1088 Words  | 3 Pages

    During this project, I am going to mention the details of TOYOTA production process system which was developed more than 40 years ago by Taiichi Ohno, the president of Toyota Motor company at that time. The production system that Toyota company uses now and before is relevant to the concept of the process costing system which is currently used in all department of the company.

    Read More

  • Artificial Intelligence

    1038 Words  | 3 Pages

    Partridge, Derek and K. M. Hussain. ARTIFICIAL INTELLIGENCE and BUSINESS MANAGMENT. Norwood: Ablex Publishing Corparation, 1992.

    Read More

  • Strategic Management Assignment on Micromax

    3062 Words  | 7 Pages

    [8] Supply chain lessons for the new millenium: a case of Micromax informatics Integral Review –by Salma Ahmed, A Journal of Management-ISSN: 2278-6120, p-ISSN: 0974-8032, Volume 5, No. 2, Dec.-2012, pp 53-61) .

    Read More

  • Value Chain Case Study

    772 Words  | 2 Pages

    According to Kaplinsky (2004), the following key elements are important in value chain which need to be recognized and which transform a heuristic into an analytical tool:

    Read More

  • Value Chain Analysis: A Strategic Analysis Of Unilever

    2016 Words  | 5 Pages

    Value chain analyses a firm 's internal activities such as planning, production, and development, packaging and distribution so as to create value for clients. The function of the value chain is to identify the sources for cost reduction along with quality improvement. It means value chain is used to identify the strong and weak points, positive and negative points, the scope of improvement; in a nutshell, the advantages and disadvantages of the activities taking place in the system. The value chain is also called as a strategic analysis tool and it is a well-known concept in business management industry.

    Read More

  • Statement of Purpose for a Ph.D in Accounting

    2033 Words  | 5 Pages

    I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.

    Read More

  • Accounting Information System: Specific Characteristics Of A Computerized Accounting System

    1303 Words  | 3 Pages

    Since Information technologies develop progressively, the manual accounting information system have become insufficient for decision making, as a result, business firms which operate in either developing or developed economics consider computerized accounting system as an effective mean to ensures the effectiveness and efficiency of information flow in recording, storing processing, and analyzing financial data. This research paper will highlight the concept of Accounting Information System generally, and Computerized Accounting Information system specifically.

    Read More

  • Essay On Value Chain Analysis

    1447 Words  | 3 Pages

    The model above is the value chain, the areas of finance, human resources, and management information systems are all the support functions. The areas of supply-chain management, operations, distribution, marketing (including sales), and follow-up service are the value chain activities.

    Read More

  • Essay On Challenges Of Accounting

    1025 Words  | 3 Pages

    Accounting dates back as far as first centuries, is the language of business. As everything has gone through many changes, accounting has also changed many times through out the centuries. It went from the use of abacus to the most advanced softwares, and computers. With these drastic improvements nowadays accounting, financial accounting and management are facing big challenges. From the presentation of the reports to communication to the users, investors, and owners, the accounting field has gained totally a new shape from two decades ago. Today with the dynamic change in every aspect of life, the accounting field has to act fast and be able to adapt these new changes and challenges in order to survive.

    Read More

  • IBM And IBM Value Chain Analysis: IBM

    984 Words  | 2 Pages

    It helps in increasing the value generated by your business at the various steps in the value chain by providing the business model specific to your manufacturing needs and operational approach as well as accelerating the plan of the business practices. Our Value Chain Services offer a widespread assortment of results designed to develop your company’s potential to accomplish amplified service levels, market share and profitability.

    Read More

  • The Importance Of Accounting In Our Modern Society

    2459 Words  | 5 Pages

    Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman, from the operator of a filling station to the government of the United States. It's so important to our society. None of the business organization can operate without is. They are there-somewhere-in every business. In small business, people use pen, ink and skill keep the records. In large business, modern accounting machines are used to operate. Men and women are directing these machines in the accounting process. Wise businessmen enter business must have some accounting knowledge.

    Read More

  • Introduction and Overview of Infosys

    1152 Words  | 3 Pages

    The organization traditionally concentrated on the lower end of IT value chain from 2000-2004, this shifted to higher value IT services in order to obtain the competitive advantage. Value chain offers organizations ways to improve value to its customers; it can also be defined as generic strategies of differentiation and cost leadership (O’Connell, 2010).

    Read More

More about Role Of Accounting Information System

Open Document