The Adoption of Ais - 1759 Words

The adoption of cloud based accounting information system in business I. Introduction Accounting information system is playing an important role in the business operation, and the cloud computing has a great impact on the revolution of accounting information system. This research paper aims to discuss the new trend of cloud based accounting information system in business. The whole text is divided into three parts: First part gives an overview of the cloud computing and accounting information system; second part analyses the benefits and challenges of the accounting information systems move to the cloud; and third part gives the recommendations on key success factors of the adoption. II. Cloud-based accounting information system†¦show more content†¦There are basically three service models: Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), and four deployment models: Public cloud, Private cloud, Hybrid cloud and Community cloud. (Mell and Grance, 2011). ii. Accounting information system (AIS) Accounting information system is often described as â€Å"the combination of two terms- Accounting amp; Information System, whose major function is to collect, financial data, process it amp; provide financial information to the external amp; internal users† (Salehi et al. 2014, pp. 186). In essence, accounting information system is not necessarily a computerized system, it can be merely a simple manual system using pen and paper. However, with the rapid development of cloud computing, it has an increasingly significant impact on the revolution of accounting information system. iii. Adoption of cloud based accounting information system on the market On the Australian market, MYOB and QuickBooks have been the dominant accounting software providers for the past 25 years. However, cloud computing opens up possibilities for new software to enter into market. Xero and Saasu are the examples of those strong contenders in this area. (Ambrosiussen Accountants amp; Advisors, 2014) According to a research study conducted by CCH Australia in 2013 nationwide, fourteen per cent of small and medium enterprises are using a cloudShow MoreRelatedThe Adoption Of Cloud AIS1734 Words   |  7 Pagesï » ¿The adoption of cloud based accounting information system in business I. Introduction Accounting information system is playing an important role in the business operation, and the cloud computing has a great impact on the revolution of accounting information system. This research paper aims to discuss the new trend of cloud based accounting information system in business. The whole text is divided into three parts: First part gives an overview of the cloud computing and accounting information system;Read MoreA Synopsis Of Cloud Computing1307 Words   |  6 Pagesself-service: We do not need human interaction if we need any service all can be done electronically. 5. Broad network access: The cloud computing services can be accessed from laptops, mobile phones or PDAs. These days there are many cloud based AIS systems such as XERO, Fresh Books, MYOB, QuickBooks etc. Challenges and Benefits The business world is constantly evolving because of ever changing technology, which makes organizations to adapt new systems timely. The recent wonder of the digitalRead MoreApplication Of Accounting Information Systems Essay1556 Words   |  7 Pagesfrom their technical power. The vendors have moved from desktop systems to cloud accounting, and it has led to a challenge of selection and implementation to customers and users. This paper offers a synthesis of literature on AIS in Australia, its history, development, and adoption, analysis of the current market size and how the leaders in the market have managed to carve out their competitive advantage. There are also gaps in the sector, in particular for customers. Hence the paper also provides recommendationsRead MoreCloud Based Accounting Information System1715 Words   |  7 Pagesbased accounting information system (AIS) to handle their business. It helps them accomplish their business goals faster and better. In this research paper, it will firstly explain what the cloud computing is and its functions. Then it will introduce FreshBooks-an cloud accounting software. Thirdly, it will analysis the challenges and benefits of cloud based AIS in detail. And lastly, it will give some recommendations of success factors for cloud based AIS adoption through some real and success factsRead MoreCloud Computing : A Modern Day Technological Innovation1621 Words   |  7 PagesUninterrupted access, secured backup and consistency act as an added incentive to shift. Some of the in-demand cloud based Accounting Information Systems are: a) Quick Books Online b) Xero Accounting c) MYOB d) Saasu e) Reckon One Concerns about Cloud Based AIS Implementation In spite of the growing popularity of cloud based information systems, it still needs to cross considerable hurdles before it achieves absolute success. Some of the challenges faced by such an implementation are: - Data Protection: ProvidingRead MoreA Research Report On Cloud Computing1432 Words   |  6 Pagesit. In this research report a brief overview of cloud computing is conducted. The benefits and challenges of deploying an accounting information system is discussed, and at the end there are some recommendations of success factors for adoption of a cloud based AIS. Overview of Cloud Computing The world is moving from manufacturing to more service-oriented day after a day. According to a survey of the U.S. economy conducted in 2010, 15% of the U.S. economy is driven by manufacturing, 5% in agricultureRead MoreTechnology Advantages And Disadvantages774 Words   |  4 Pageswith, for example, self-service portals. Further developments in automation, including software robots, have added a sixth point (Willcocks, Lacity, Craig, 2015). Only in the last three years has automation reached a new phase of maturity. The adoption by employers was originally driven by the need to reduce the errors which in turn reduces the costs associated with employing people to work in an organization and perform repetitive, rule based and mundane IT-related tasks. The simple idea is thatRead MoreThe Ethics Of Sarbanes Oxley Act1667 Words   |  7 Pagesthe Public Company Accounting Oversight Board (PCAOB) was created to monitor the work of public accountants. Among SOX and the PCAOB, accounting information system (AIS) is a system to automate information and assess internal controls by management. In order to maintain risk assessment, correlation between SOX and the PCAOB and AIS is positively determined. â€Æ' Due to occurrence of scandals from major public traded companies, regulators and other stakeholders were called for improvements regardingRead MoreBusiness Project Proposal888 Words   |  4 Pagesloyalty. Notwithstanding, it will also contribute to cost reductions associated with customer support and loan adjudication; thus, the required investment can be partially offset by cost reductions in these activities. AI Technology Selection and Technical Requirements The AI technologies that should be integrated are as follows: 1. Machine learning: to analyze vast amounts of data and provide insights 2. Natural language processing and generation: both for customer interaction (chatbots) and toRead MoreThe Business Environment At Canadian Shield Insurance1510 Words   |  7 Pagesinfluence in the area of IT not only at Canadian Shield, but at Assurance Centrale and all of its divisions. The success or failure of a new system will rely heavily on his analysis and suggestions. Seamus is hesitant in proposing consideration of the AIS for several reasons, including fear of damaging his career and of what it would do to the attitude of his IS team. Assurance Centrale and all its divisions need to be able to communicate in an environment that supports raising concerns and suggestions