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Literature Review Of A Computerized Accounting System

2653 Words11 Pages

This section of literature review will focus on Accounting Information System in relation with the employees and the business as a whole.
A computerized accounting system, as mentioned by Marivic (2009), is a method or scheme in which financial data related to business transactions are being recorded, organized, summarized, analyzed, interpreted and communicated to stakeholders with the use of computers and computer-based systems. He believes that one of the vital parts of any organization is the keeping of accurate accounting records.
According to Indira (2008), there is a recognizable improvement in the business performance with the use of computerized accounting systems because it encompasses performance enhancing features. He pronounces that it enhances communication through easy and fast access of information which leads to a much quicker decision making.
Heagy, et al (2008), articulates that an accounting system is able to meet the professional and industrial principles as well as the government standards while the system captures, stores, processes, and communicates financial information. It is also an apt system proper for meeting the requirements needed by an organization. He also stressed that a well-designed accounting system is vital for the management of one of an organization’s most valuable resources which is information. According to Heagy, et al (2008), an AIS is a delivery system for accounting information. One of its aims is to meet the companies’

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