Questions On Accounting Information System Essay - 1316 Words

Discussion Accounting information system is increasingly important to contemporary organisations, can help to increase the flexibility, keep the necessary accounting records, save money and time on accounting record functions. Xero is an accounting report software development company, it established to provide beautiful accounting software. Drays Co is a company, sells medical equipment, which desires to adopt Xero accounting software. However Rose, who is the accountant of Dray Co, has difficulties to adopt Xero accounting systems. There are three specific issues are: risks of the cloud, systems development life cycle and outwardly organised systems. These issues will be discussed separately in the following content. Risks of the Cloud An unsuitable contract or unfavourable term in the contract can increase the risk for customers, especially the privacy and data security terms in the contract (Queensland Government, 2014. Para.3). Due to the privacy terms between provider and customer, service provider will not be allowed to know the content of customer’s data that stored on the cloud, thus they should not liable for securing and segregating the subscriber data (Merrill Kang, 2014, p.3). Thus, cloud providers will not agree with the indemnification, if there are incidents and breaches. The unfavourable term also can pose risk, for example, the words â€Å"security incident† probably are not wide enough to cover the proper incident obligations (Merrill Kang, 2014, p.3).Show MoreRelatedQuestions On Accounting Information Systems2346 Words   |  10 PagesACC539-201560 ACCOUNTING INFORMATION SYSTEMS – ASSIGNMENT 1 The abovementioned has been arranged in two parts on the same document, first Question 1 then Question 2 follows below that: QUESTION 1: Question 1: explanation of how implementation of cloud accounting information system in an organisation relates to corporate straegy and value chain. Risks and benefits are explored. Introduction We seek to investigate how the implementation of a cloud accounting information system relates to anRead MoreQuestions On Accounting Information System1079 Words   |  5 PagesAssignment 1 Question 1 Accounting information system is the system that collect, store and process accounting data, organisation resource and its activities to provide necessary information to make decision in business. It converts data into information so business house can plan, control, implement and analyse its activities and resources. It provides supplementary control to safeguard the assets and data of business (Romney, 2012). Accounting information system plays a major role for corporateRead 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. 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AccountantsRead MoreThe 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 MoreThe Impact Of Accounting And Information Technology1704 Words   |  7 PagesIMPACT OF ACCOUNTING AND INFORMATION TECHNOLOGY Application of basic accounting theory is based on financial accounting practices used in the formation of a series of methods of the theory, mainly the development and implementation of accounting practice norms, is to guide and constrain accounting standards, the basis for evaluation of accounting. The development of accounting and information technology has given an impact to the accounting objectives, accounting assumptions and accounting informationRead MoreThe Role of Business in Society1070 Words   |  5 PagesTABLE OF CONTENTS QUESTION ONE 1 THE ROLE OF BUSINESS IN SOCIETY 1 QUESTION TWO 2 USERS OF ACCOUNTING INFORMATION 2 QUESTION THREE 3 THE INFLUENCE OF NZICA 3 QUESTION FOUR 4 QUALITATIVE CHARACTERISTICS 4 QUESTION FIVE 5 IT AND THE ACCOUNTING SYSTEM 5 QUESTION SIX 6 BUSINESS STRUCTURES 6 Questions 6 Best business structures 6 QUESTION SEVEN 7 ACCOUNTING EQUATION 7 Question One The role of Business in Society Dilemmas that Hubbard s could face concerning stakeholders by meetingRead MoreA Presentation Of Jena Mines1461 Words   |  6 Pages1.0 Introduction This chapter presents an overview of this research.The presentation is made up of the background of study, statement of the problem, purpose of study, objectives of study, research questions, assumptions, significance of study, limitations and delimitations of study, definition of terms and finally, the summary of the chapter. 1.1 Background to the study Jena Mines (PVT) LTD is a gold mine which is situated in Silobela, Kwekwe and is wholly owned by the Zimbabwe Mining Development