Businesses often modify or replace their financial information system to keep pa
ID: 2426237 • Letter: B
Question
Businesses often modify or replace their financial information system to keep pace with their growth and take advantage of improved IT. This requires a substantial time and resource commitment. When an organization changes its AIS, a systems analysis takes place.
Explain the purpose and reasons for surveying an organization’s existing system.
Explain the activities commonly performed during systems analysis.
Systems analysis is often performed by a project team composed of a systems analyst, a management accountant, and other knowledgeable and helpful people. What is the management accountant’s role in systems analysis?
Explanation / Answer
An Accounting Information System (AIS) is a system of collecting, storing and processing financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including auditing, financial accounting & reporting, managerial/ management accounting and tax.
The Purpose for surveying Organisation Existing System is to Check :
1. Initial investigation
2. Systems survey
3. Feasibility study
4. Information needs and systems requirements
5. Systems analysis report
The Role of Mnagement Accountant In System Analysis is :
Scorekeeping : accumulate data and report reliable results to all levels of management.
Attention-directing : make visible opportunities and problems on which managers need to focus
Problem-solving : conduct comparative analysis to identify the best alternatives in relation to the organization’s goals.
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