The impact of ecommerce on accounting information systems
The growth, integration as well as sophistication of information technology and
communications is changing the society and its economy. Today, computers and
other electronic devices increasingly communicate and interact directly with other
devices over a variety of networks, such as the Internet. Consumers and businesses have been particularly quick to recognize the potential and realize the
benefits of adopting new computer-enabled networks. Consumers now routinely
use computer networks to identify sellers, evaluate products and services,
compare prices, and exert market leverage (2001).
Several business use networks as extensively to conduct and re-engineer production processes, streamline e-commerce processes, reach new customers, and manage internal operations. The electronic revolution into the economy is spurring additional investments in facilities, services as well as human based capital. Thus, there may change the structure and performance of the American economy as much as the introduction of the computer generation from todays time. While the burgeoning use of electronic devices into financial economy is amiably acknowledged and discussed, (2001) it remains largely undefined and unrecognized in official economic statistics. The fact that electronic business is in its infancy, yet growing and changing rapidly, poses special problems.
Indeed, several organizations have embraced electronic commerce as means of doing effective business on information stature from with electronic commerce base, as AIS can be about system of records maintained by the organization to keep its accounting system in functionality relating to buying, selling and other process within the organization upon building up statistics and give decision makers like investors, creditors, and managers the data to make decisions. The system makes use of fresh information technology resources along with usual accounting controls and methods to supply users the financial information needed to control their organizations.AIS Know How as the AIS makes use of common inputdevices such as the standard personal computers, scanning devices and electronic communication devices.
The processing of financial activities is carried by the use of computer systems ranging from individual personal computers to large scale enterprise servers (2001). The system uses output devices such as computer displays,impact and non-impact printers, and electronic communication devices for e-commerce. However, the devices are used for any type of output content including financial reports, budgets and tax reports to multinational financial statements. The Accounting Information System, deals with almost all types of business functions from accounting transaction processing systems to complicated financial management planning and processing systems. The system helps the company in tracking the costs related with the manufacture of goods and performance of services.
Accounting Information System offers advanced analyses for better resource allocation and performance tracking (2001).
Input The input devices commonly associated with AIS include: standard personal computers or workstations running applications; scanning devices for standardized data entry; electronic communication devices for e-commerce. In addition, many financial systems adheres to web enablers in order to allow devices to connect to the World Wide Web.
Process Basic processing is achieved through computer systems ranging from individual personal computers to large-scale enterprise servers. However, conceptually, the underlying processing model is still double entry accounting system initially introduced in the fifteenth century.
Output Output devices used include computer displays, impact and nonimpact printers, and electronic communication devices for e-commerce. The output content may encompass almost any type of financial reports from budgets and tax reports to multinational financial statements.
There has been periodic function of e-commerce impacting on some business reviews should be conducted to be sure the AIS remains in compliance with the e-commerce intended business functions as several quality standards dictate that research should be done according to periodic scheduling concerning e-commerce along with AIS domains.
The need to recognize electronic commerce, accounting information systems (AIS) as two major keywords in research. Focusing on the impact of e-commerce on accounting system with central question of how to measure input and output of accounting system through electronic e-commerce processes. Signifying in positive impact of e-commerce on AIS as well as the negative impact of e-commerce of AIS from which it may comprise to simple hypothesis. The integration of literature organization is necessary for the study as it is notably successful if there are support and evidences information that caters to e-commerce and its impacts on the accounting information along with a comprehensive case studies that relates to e-commerce and AIS according to research standards.
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