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The Role of Accounting Information Systems (AIS) in Achieving Organizational Objectives

I need help discussing the following 3 questions:

1. What are the roles played by AIS in achieving organizational goals and objectives, how are these integrated with AIS and what are the risks of not aligning organizational goals with AIS.

2. Examples of how the roles played by AIS impact various departments within the organization.

3. How are Internet and Intranets used to implement AIS and what are positive and negative effects that must be considered in planning the AIS. How can the negative effects be mitigated.

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a. Roles played by AIS in achieving organizational goals and objectives. How are these integrated with AIS and what are the risks of not aligning organizational goals with AIS.

Wisdom we have lost in knowledge?"
An appendage to this could be to add, "Where is the knowledge we have lost in data?" Truly with the explosion of IT the amount of data at one's disposal is enormous and the challenge is now to harness the power of knowledge hidden in the collage of data.
Thus when accountants first started to keep journals for a company, all that was used were pencil and paper, and then came the calculator. Now accounting information system is there to provide all kinds of information to the management. It helps in key management functions of planning, organization, leading, and evaluating as they all need the communication of information. There is a need of information to make decisions in management, and communication is the key for information that helps connect people together to achieve a shared purpose.
Many different users have need for accounting and management information in order to make important decisions. These users include investors, creditors, management, governmental agencies, labor unions, and others. Investors and other stakeholders in the firm need regular financial information to help them monitor the firm's progress. . It helps:
? In maximizing efficiency and minimize waste.
? To facilitate management and control.
? In Effectiveness and efficiency of operations include the use of the entity's resources.
? Help in strategy implementation
Thus if AIS is not integrated with the organizational goals than the strategy may not be implemented in the desired manner as it's an important tool of strategy implementation. Moreover the management will not be able to make decisions promptly as they will not get right information at right time which will become a major bottleneck. Hence AIS is a back bone and it must be aligned with the organizational goals. This can be done by understanding the needs of all the departments, effective communication with all the departments and also regular adaptation of AIS to the changing needs of the department.

b. Examples of how these roles may impact various departments within the organization
Thus effective information system should take the inputs and deliver output to all the functional areas of the ...

Solution Summary

The solution looks at the role of accounting information systems in achieving organizational objectives.