Accounting Information Systems In A Changing Environment

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to make an informed decision about whether to move to a computerised accounting system. We shall discuss the changing business environment and it’s impact on accounting information systems; computerised accounting systems and their cost; and the advantages of a computerised system.

2. The Changing Business Environment

THE ONLY CERTAINTY IN TODAY’S WORLD IS CHANGE

The world is growing smaller. Most markets are becoming unified across the world and this has created increased uncertainty. Along with these changes is a demographic explosion and dramatic changes in technology. According to Schutzer (1991: xiii) technology accelerates knowledge diffusion by increasing speed at which new products and ideas get introduced and spread around the world, thereby shrinking the marketplace. As this change accelerates, speed becomes the most important competitive factor, followed by flexibility. Businesses now have a smaller margin for error, with less time to react. Delaying or ignoring an ...

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of computers can provide meaningful management information with the use of computers.

Computer technology is constantly changing, but in order for a business to remain effective it needs to keep up. It is not necessary to have state of the art computers, but only to keep the business up to date with the current standard in the market. In the following section we will discuss the basics of a computerised system.

3. Computerised Accounting Systems

A basic computer system consists of hardware and software. Hardware comprises input, processing & storage and output devices. Software consists of specialised programs that utilise the hardware. These components are all connected and work as ...

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