Purchase Solution

AIS needs for accounting information systems

Not what you're looking for?

Ask Custom Question

Describe and compare the unique characteristics and AIS needs for the accounting information systems for the Professional Service Organizations, the Not-for-Profit Organizations and Health Care Organizations.

Purchase this Solution
Solution Summary

AIS needs for accounting information systems for the following organizations: Professional Services, Not-for-Profit and Health Care

Solution Preview

Professional Service Organizations:

The first step for professional services firms is winning the business. AIS systems should help professional services firms by providing solutions that can help track the opportunity, determine the impact on resources, and even generate a contract. Next is planning the project - you need to define the work breakdown structure (the activities to complete the project), build a budget and assign resources to each activity. Employees will then enter the time they spent on the project or activity. It should be critical for every professional service organization to have visibility on project status. Everyone needs to know how they are doing compared to the budget. It's not enough to know how your budget compares to actuals. What if the estimated costs to complete the project are greater than the remaining budget? All these features should be provided in an AIS.

Professional service firms use a variety of methods to bill their clients - in detail, in summary, or by reconciling actuals to budget. Unfortunately, many firms use a manual system to generate invoices. Not only is this inefficient; it's an open invitation ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Motivation

This tests some key elements of major motivation theories.

View More Free Quizzes
Related BrainMass Solutions

  • What statement best describes some of the general character

    496743 What statement best describes some of the general characteristics of Accounting Information Systems? What statement best describes some of the general characteristics of Accounting Information Systems?

  • Accounting Information Systems

    142070 Accounting Information Systems 1. How can AIS reports be used to provide strategic information for a business organization? 2. At what point in the life cycle does an AIS need to be reengineered?

  • Accounting Information System Replacement

    458552 Accounting Information System Replacement A publicly traded company needs to replace its accounting information system (AIS) within the next 18 months. The company has funding and resources to handle the replacement, so cost is not a concern.

  • Accounting Information System and evolving technologies

    The design of AIS combines business information and accounting information. It has become important for large organizations to have accounting information systems so that they can have overview of the financial position as and when they want.

  • Outputs of an Accounting Information Systems

    What are the typical outputs of an Accounting Information Systems? "An accounting information system (AIS) is a collection of interrelated parts, some of which may incorporate information technology.

  • Accounting information system (AIS)

    203676 Accounting information system (AIS) How a new Accounting Information System will meet previously unmet user needs.

  • Accounting Information Systems and Merchandise

    Out of these 4 which one causes the greatest problem for a professional service organization's Accounting Information Systems (AIS) and why?

  • accounting information system

    103601 Accounting Information System (AIS) Questions 1. What is an accounting information system? How does it differ from other information systems within an organization? 2. How are management, business, and information processes related?

  • The public accounting profession

    another in accounting for associated costs allocated.

View More Related Solutions