RESEARCH 1 1. Comment on the following statement: ‘‘More information is always preferred to less; you can never have too much information.’’ Sometimes summarization is a good thing, higher level managers mostly prefer it. They only need important information or the summarized version because all the info is not a good use of their time. 2. The only constant is change, and IT continually changes the nature of accounting and the role of accountants. Ten years from now, what would be the features of the accounting function in a large company? Ten years from now the function of accounting in large company would consist of improved artificial intelligence and robotics. Artificial intelligence and robotics are automating complex and repetitive tasks and processes with extreme precision, reducing operating costs and increasing efficiency. Here are some of the emerging technologies that support the current accountant’s transition role to a more critical thinking role. It will also provide Mobile Accounting. Accountants increasingly rely on their mobile devices to access data. Mobile connectivity also links accountants with their customers. 3. Elaborate on how AIS add value to the organization. An AIS can increase the efficiency and effectiveness of the value chain by improving the quality and cost of products or services, improving the efficiency of operations, improving decision-making, improving knowledge sharing, improving the efficiency and effectiveness of its supply chain, and improving internal control structure. 4. A well-designed AIS provides the needed information to effectively plan, manage, and control their business. Elaborate, how can an organization achieve a welldesigned AIS? The AIS can be designed to allow customers direct access to a company's inventory and sales order entry systems. This allows the customer to do more of the work traditionally done by sales, marketing, and administration personnel. This enables faster ordering. and reduces the labor costs of the company. It can also have the effect of allowing the customer more control in a purchase transaction which can bring more satisfaction and value to the customer. 5. Discuss the role of Information technology programmers and CPA auditors in the Accounting Information System? Accounting Information Systems (AIS) are becoming increasingly complex as companies attempt to extract the most useful information available from mountains of data. The entire system consists of accounting-specific IT infrastructure, software, financial data, data security, and most importantly, the people who maintain and use these components of the system. Which is the work of the IT programmers. The system relies on providing a stream of well-organized and accessible financial and statistical information that management uses to produce financial reports and make decisions. Which is very helpful for the accountants or CPA’s. Reference: https://quizlet.com/381225390/ais-exam-iii-flash-cards/ http://naimexplain.blogspot.com/2017/06/how-can-ais-add-value-to-organization.html https://accounting.uworld.com/blog/cpa-review/5-ways-technology-transformingaccounting/ http://naimexplain.blogspot.com/2017/06/how-can-well-designed-ais-improve.html https://www.accountingedu.org/accounting-information-systems-specialist/
