Accounting Information System and Education

Question: Discuss about the Accounting Information System and Education. Answer: Introduction As per Diatmika, Irianto Baridwan (2016), the AIS that is Accounting Information System is organized as a sketch that helps in collecting, happening and maintaining of various kinds of data i.e. financially viable and accounting information. Therefore, it has been noted that the particular system of accounting information is useful for the persons who make significant decision about the triumphant management of the particular business. In other way, it can be said that the AIS is a specified method of accounting that is principally activated with the assistance of the systems of computers. Furthermore, the AIS chiefly helps out the persons who make decisions in sprawling the measures, especially those are allied with the methodology of accounting and also along with the information technology reservations. Explanation of the Method of Traditional Accounting As rightly stated by Du Huddart (2016), the method of accounting in a traditional way is featured as the giving out of the expenditures that is overhead of the manufacturing firms to the cargoes, which are formed. In addition to this, the meticulous method of accounting in a traditional way is as well known as the Method of Accounting in a Conventional Way. According to Ismail (2016), the method of accounting in a traditional way apportions the overheads that can be both meandering in nature and can be associated with the overheads of the manufacturing plant for producing convinced cargos depending on the overall volume. Finally, it can be said that the quantity depending on the dimensions comprise of statistics of cargoes that are formed, labor hours (direct)and the machine hours (production). Explanation of the Method of Cloud Based Accounting Conversely, Tazik Mohamed (2014) argued that the method of accounting in a cloud-based manner is portrayed as the certain dealings, especially those are taken place by the assistance of the connection of internet. Additionally, Prasad Green (2015) defined that this system does not involve any style of fitting of software in the systems of computer for administering the method of accounting in a cloud-based manner efficiently. In addition, Romney Steinbart (2015) identified that the corporations that pacts with the cloud computing normally vend the bookkeeping services and also proffer a number of isolated servers and roles. Relationship between the Method of Accounting in a Cloud Based Manner and the Method of Accounting in a Traditional Way As per the detailed study, it has been determined that there are numerous correspondences between both the methods of accounting that are method of accounting in a Cloud-based manner and the method of accounting in a traditional way. The similarities are both the methods of accounting mainly put emphasis on the main competencies and gauging the accounting correctly. Conversely, it can be said that despite of both the methods of accounting have a handful of resemblances, there are further variations between the two methods. These are as follows: Method of Accounting in a Cloud Based Way Method of Accounting in a Traditional Way The method of cloud-based accounting has lower upfront expenditures and expenditures of operation. The method of traditional accounting has higher upfront expenditure and expenditures of operation. The particular system of accounting has been found to assist the methodology of execution rapidly (Domeika 2015). For the method of traditional accounting, the methodology of execution takes more time. Cloud based accounting method aids in offering promotion and updates speedily. Traditional accounting method does not aid in offering promotion and updates speedily. Cloud based methodology of accounting aids in civilizing the accessibility, mobility and usability. Traditional accounting methodology does not channel the corporation in the procedure of civilizing the accessibility, mobility and usability (Moghadam et al. 2013). The process of integration is done effortlessly with the services related to cloud. Nonetheless, the traditional accounting method is the practice of amalgamation that cannot be made effortlessly along with the assistance of the exacting method. There is occurrence of risks about the safety as well as recital in case of the particular method of cloud based accounting. The system of traditional accounting is exempt from any category of safety as well as recital risks. The remaining risks, which are associated with the particular system of cloud-based accounting, are the risks of strategy and compliance (Du Huddart 2016). However, in case of system of traditional accounting, there is deficiency of any category of risks, either it may be risks associated with compliance or strategy. Restraints of Employing the Method of Accounting in a Cloud Based Way The prime inconveniences of employing the method of accounting in a cloud based way within a corporation are as follows: The method of accounting in a cloud based way is constituted of different kinds of risks and these involve the risks that are related to the performance of the firm, the risks that are associated with the security of the information and the data, the risks relayed with the compliance and the risks that are narrated strategically. The everyday expenditure i.e. both the operating costs and the fixed costs of employing the method of accounting in a cloud based way are additional due to the existence of the expenditures of the subscription. The SLA issues are the most common issues that are normally faced by the method of accounting in a cloud based way. There are restraints about the incorporation, policy of hybrid consumption, customization and functionality. Conclusion Finally, it can be suggested that both the mentioned methods of accounting have advantages and disadvantages. As a result, every organization should employ the particular method of accounting depending on its business category and its size. In addition, the firms having relatively smaller budget and possess those employees only who work remotely, cannot serve themselves with adequate defense and the businesses that mean to elude from any category of possible bodily calamities with expertise can execute the particular system of accounting. This implies the specified business can incorporate the cloud-based accounting system for operating the business in a better way. References Diatmika, I. W. B., Irianto, G., Baridwan, Z. (2016). Determinants of Behavior Intention Of Accounting Information Systems Based Information Technology Acceptance.Imperial Journal of Interdisciplinary Research,2(8). Domeika, P., 2015. Creation of the Information system of enterprise fixed asset accounting.Engineering Economics,60(5). Du, K., Huddart, S. (2016). Accounting Information Systems, Investor Learning, and Stock Return Regularities. Ismail, N. A. (2016). Accounting information system: Education and research agenda.Malaysian Accounting Review,8(1). Moghadam, H. M., Akhavansaffar, M., Bakhshaei, Z., MirHosseini, S. Y. (2013). Effect of investment in information technology system on providing desired services of accounting information system.Elixir International Journal A,55, 13268-13273. Prasad, A., Green, P. (2015). Organizational competencies and dynamic accounting information system capability: impact on AIS processes and firm performance.Journal of Information Systems,29(3), 123-149. Romney, M. B., Steinbart, P. J. (2015). Accounting Information System Thirteen Edition. Tazik, H., Mohamed, Z. M. (2014, February). Accounting information system effectiveness, foreign ownership and timeliness of corporate financial report. In5th Asia-Pacific Business Research Conference(pp. 17-18).