Accounting_Info_Systems(1)

Accounting_Info_Systems(1) - Assignment 1 Over the last...

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Assignment 1 Over the last decade, I T has created a created a substantial effect on the financial reporting entrance when it comes to running of report and data, collected, monitoring financial transactions, and conveyed the same. Computers and iT systems have decreased the lead-time between your accountants also have enhanced reliability and the entire effectiveness of financial reporting and existing and to organize economic data to stakeholders and administration. The modifications necessary to be produced are manual spreadsheets, paper ledgers and hand written financial statements need to be converted into personal computers to ensure that specific purchases could be changed into financial statement immediately. Education must be imparted for the workers customized exactly the same based on particular dependence on the and in order to realize the accounting method. Based on the financial data, MIS may be produced automatically that'll ensure better management decision making and reliability. Manual preparation of MIS which needs large amount of interdepartmental information handling is going to be replaced by program that was instantly produced MIS that'll enhance reliability and the timeliness of accounting information. Limiting the amount of accountants to get access for the system access will further improves precision. Another people except the accountant may be offered the view entry that'll help avoid any fraud mismanagement of information. Assignment 2 Data Flow Diagrams uses few simple symbols to illustrate the flow of data among external entities (such as people or organizations, etc.), processing activities and data storage elements. It is comprised of four basic element – Data Sources and Destinations, Data Flows, Transformation Processes and Data Stores Following are the elements of data flow diagram – Data Sources and Destinations : The people and organization that send data to and receive data from the system are represented by square boxes called data destination or data sinks Data Flows : The flow of data into or out of a process is represented by curved or straight lines with arrows
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Transformation Processes: The processes that transform data from inputs to outputs are represented by circles, often referred to as bubbles Data Sources: The storage of data is represented by two horizontal lines Data Flow diagrams can help in understanding accounting information as it can be used to develop the process flows which gives a graphical view of the entire process making the system easily understandable. Assignment 3 Whether a company running numerous bills or is placing requests to get a client, it should always possess a particular process in managing these transactions. Both most well known methods are real- time and order processing control. These two procedures permit past purchases to document, shop, and access. The primary difference between your two, however, may be the means the info is assembled.
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  • Fall '15
  • real time, batch processing, Order processing

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