Market Information Systems based Reporting (full paper)

2019

Enterprises operate in markets by building and fulfilling exchange relationships. However, up to date accounting information systems are organized in an enterprise-specific way. We introduce the Market Information perspective on top of the Exchange (Shared Ledger) and Enterprise-Specific perspectives. The latter, developed earlier, are enhanced and the interplay with the Market perspective elaborated. First, we analyze how are Market related concepts of Offering, Contract, Resource, and Social Interaction represented in UFO ontologies and other ontologies. Second, we propose a Market perspective, and included Exchange, and Enterprise perspective conceptual model of a Shared Information System for Financial Reporting in OntoUML language, and third, we analyze the International Accounting Standards Board (IASB) Conceptual Framework and Standards for Financial Reporting to uncover construct deficit and overload in these Standards and Framework for usage in Shared Information Systems.

Journal of Business Finance & Accounting, 1981

The alignment of Business and IT is still an important concern of both business and technological managers. The vast directions of accounting information system on financial reporting quality presents the most important relations between the challenges and technological responses in pointing out the way for future research in order to improve the alignment between adopted technology and organization performance, in this particular case the support of management information systems to accounting and management. The main objective of this study is to review the theoretical and empirical literature on the effect of accounting information system on reporting quality to ascertain research gaps from past studies. The study concluded that past studies on the effect of accounting information system on reporting quality are limited and have yielded positive results; while some studies documented accounting information system improves financial performance, others suggested accounting information system aids management strategy. Furthermore most studies were carried out in advance economies, where advanced computerized accounting information system techniques have been in practice. Keywords: Accounting Information system, Data Quality, Financial Performance.

2013

This paper examined the importance of computerized accounting information system as an effective tool<br> for accurate and reliable financial reporting. An accounting information system is a system of collection,<br> storage and processing of financial and accounting data that is used by decision makers. Furthermore, in the<br> computerized system of accounting, the computer handles every step in the accounting process from<br> recording the financial transaction to preparing the financial statements. Also, the various benefits,<br> implications as well as the challenges of the computerized accounting information system were<br> accentuated. The paper also recommends a full fledge incorporation of the computerized system of<br> accounting into the curriculum of learning of Accounting students across tertiary institutions.

Journal of Applied Science, Information and Computing

Tracking the various business parameters variables related to the business’s goal is a difficult task to do without the right tools. Failure to properly put in place accounting processes that oversee and manage such parameters has led to the demise of many promising small and big organizations. This work looks into how the use of accounting software affects the quality of reporting while focusing on the tools and application modules that make the process hitch-free. Because of the lack of local data and feedback from first-hand operators of accounting software, the study infers knowledge from other works on the effectiveness of accounting software in organizational reporting. It also looks into the tools that come with Microsoft Excel, one of the most widely used accounting software in Nigeria. We make use of sales data gotten online to implement this tool and the result shows that the Microsoft Excel application is capable of minimizing errors, automating tasks, and forecasting. By...

The aim of this paper is to analyze the question of whether the sole focus of standard setters developing accounting standards that are useful to external users for making decisions about providing resources to the entity result in useful accounting information. To answer this question, we analyzed the relationship between the stewardship function of financial accounting and the demand for information useful in making economic decisions on resource allocation (decision-making demand; decision-useful information) by external investors. We first analyse information within an efficiencybased framework of financial economics abstracting from agency conflicts. We demonstrate that decisions on resource allocation not only require forward-looking, but also backward-looking performance measures which indicate the necessity as well as the direction of corrective action. Next, we introduce information asymmetries and incentive problems. In this setting, the stewardship function of accounting gains relevance. External users now need not only information for their investment decisions but also information to use in assessing management performance and to gain insight into how management used the entity's resources. Since however, managers anticipate the way they are evaluated, any accounting information used to control management has an incentive effect and alters management's internal decision-making. Therefore, standard setters cannot ignore the incentive effect (stewardship function) of financial accounting information and the consequence it has for decision-1 Correspondence address: University of Augsburg, tel. Accounting and Management Information Systems Vol. 12, No. 2 156 making. If standard setters consider decision-usefulness and stewardship as compatible functions of accounting, accounting rules need to serve both functions simultaneously, that is, provide information that is useful for investors for making economic decisions and at the same time provide incentives for managers to act in the owners' best interests. Or, if in fact the two functions are considered distinct and incompatible, then they must be separated and considered explicitly. That is, managers should then not be held accountable for their actions based on accounting information. Decision-Usefulness, Qualitative Characteristics, Stewardship, Standard Setting JEL codes: G14, M41, M44, M45, D82  The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 157 Accounting and Management Information Systems Vol. 12, No. 2 158 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 159 Accounting and Management Information Systems Vol. 12, No. 2 160 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 161 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 163 Accounting and Management Information Systems Vol. 12, No. 2 164 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 165 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 167 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 173 Accounting and Management Information Systems Vol. 12, No. 2 174 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 179 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 183 Accounting and Management Information Systems Vol. 12, No. 2 184 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 187 The role of management as a user of accounting information: implications for standard setting Vol. 12, No. 2 189

International Journal of Accounting & Finance Review

The advancement in technology has enabled companies to generate and use accounting information system. Accounting information system (AIS) is a computer-based application which conveys a new inclination of change from the conservative method of accounting to a computerised method. These advances in information and communication technology (ICT) have reduced the time and cost of transactions by aiding increased and improved transactions and communication for business dealings. It has also improved and advanced the efficiency of businesses by computerising existing operations to improve the performance of their operations. Accounting Information Systems (AIS) can be used by the organizations as a device for achieving a stronger, reliable, and more corporate culture to survive in this competitive environment. Accounting information systems also assist companies to gauge the risk of some operations or predict future warnings using sophisticated statistical software applications. The ma...

Journal of Accounting and Economics, 2010

2024

The study aimed to identify the reality of using the accounting information system at Al-Farabi Kazakh National University and its impact on the quality of accounting data and information. To achieve the objectives of the study the descriptive approach was adopted to study the problem where a questionnaire form was designed to collect data, which was distributed to the employees of the office of financial affairs, the office of internal audit and the office of financial controller at the university. The statistical program SPSS has been applied to analyse 36 questionnaires valid for analysis and test the hypotheses of the study by a set of statistical methods including arithmetic mean, standard deviation, simple linear regression and T test. A variety of findings was obtained from the research, the most significant of which is the existence of a positive impact of statistical significance for the use of the accounting information system on the quality of data and accounting information disclosed at Al-Farabi University. The study also recommended the need to evaluate the accounting system and work to develop and update it continuously to suit the nature and volume of work.