Essay about Accounting Systems
Some academics believe that there is a direct relationship between accounting information systems and organisations. It is thought there is a two-way system whereby organisations shape their accounting information systems but are also shaped by them. This report will look at the highlighted relationship and in the context of the information literacy and management skills that are needed by an accountancy graduate in the 21st Century. The report will also cover the importance of the factors that shape an accounting information system and what the needs are essential to have an effective and efficient system in this present day.
The purpose of accounting information systems is to support management …show more content…
With the process of choosing accounting information systems organisations also have to take account of corporate governance codes. This is the system in which companies are directed and controlled by the government. There are four main elements of corporate governance; managing, control, supervision and transparency. Therefore, organisations need to shape their accounting systems around these elements to ensure they are following governance codes. Corporate government codes have three components which managers will have to consider. The first being, objective