mix, successful promotion, sales forecasts, and distribution.
Finance and Accounting Information Systems
The financial function deals largely with handling corporate financial assets and investments like cash, bonds and stock. The accounts function deals with retaining and handling corporate financial records, including payroll, receipts, and depreciation (Al-Mamary et al., 2014). Shim (2000) asserts that accounting software's central job is automation of the routine activity of accounting transaction entry and posting. This data is electronically organized for developing financial statements. It is also easily accessible for aiding company leaders in managing the company. Finance information systems offer financial data to every… Continue Reading...
no longer adequate to satisfy a recent accounting domain. Thus, a call has been made to expand the scope of accounting information systems. In response to the call, the REA data model was launched to support the accounting information systems. The REA data model is identified as the conceptual modeling tool that assists in designing the AIS (accounting information system) database. The REA model is specifically good to develop an invoicing and billing process.
The objective of this project is to use the REA data model to develop the database for the billing and invoicing process.
Entity Relation Diagram
The entity relation diagram is required for the database of the… Continue Reading...
Tesco’s Fraud in the Accounting Information System
The Accounting Information Systems (AIS) plays a central part in the business computing structure of any organization. AIS deals with the classification, collection, storage, monitoring, and conversion of the company’s data into information utilized for internal control and reporting (Smith, 2016). Once an organization adopts an Accounting Information System, they can keep accurate records, and manage the assets of the organizations properly. The management utilizes AIS to guarantee that there are suitable access and separation of duty controls. With such restrictions, the administration can hold the employees responsible for their interaction… Continue Reading...
