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Accounting Systems and Technology

In: Computers and Technology

Submitted By gabplyr
Words 1056
Pages 5
Assignment 1

Purpose: The purpose of this report is to discuss the impact of technology on AIS and business processes based on the week 2 presentations.
Business Processes:

- Revenue Cycle
-Acquisition Cycle
- Conversion Cycle *
Accounting Information Systems:

-Collect data
-Store Data
-Use Data

TECHNOLOGY

Business is affected Business is affected by this theme? by this theme?

-E-commerce
-BI
-CRM
-SCM

BI
ERP

-ERP
-CRM
-SCM
-Cloud Computing

-CRM
-BI

E-commerce

Technology has made a big impact in how companies collect and use data as well as how companies increase profits, acquire materials and supplies, and convert those raw materials into the final product. One of the biggest impacts these technologies have made on accounting systems is to strengthen the ability of companies to develop and use computerized systems to track and record their financial information. Technology has shortened the time needed by the company to prepare and present financial information to management and allowing management to quickly create individual reports from stored data for management decision making. The technologies included in the diagram above also impact the business processes of a company with the use of innovations and creating the capabilities for users to understand their cash flow better, manage their storage costs, and enabling a company to save time and money. Accounting Information Systems ERP is able to impact a company’s accounting information system by taking a customer order and providing a software road map for automating the different steps along the path to fulfilling it. When one department finishes with the order it is automatically transferred through the ERP system to the next department and

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