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Presentation on theme: "ACCOUNTING INFORMATION SYSTEMS"— Presentation transcript:

Core Concepts of ACCOUNTING INFORMATION SYSTEMS Moscove, Simkin & Bagranoff Developed by: S. Bhattacharya, Ph.D. Florida Atlantic University John Wiley & Sons, Inc.

2 Chapter 8 Accounting and Enterprise Software
Introduction Integrated Accounting Software Programs Enterprise-Wide Accounting Software Solutions

3 Integrated Accounting Software Programs
Most companies purchase accounting and enterprise software. Another option is to “e-source” the software by buying the services of an application service provider (ASP). Integrated accounting software programs process all types of accounting transactions. Packages today include Internet connectivity and enable small businesses to create Web sites and engage in electronic commerce. Middle to high-end accounting software packages are typically sold by a value-added reseller (VAR).

4 Enterprise-wide Accounting Software Solutions
Enterprise resource planning (ERP) systems are integrated programs do much more than process financial data. The capabilities of accounting software programs to process enterprise-wide data expand with the price and complexity of software. A valued feature of ERPs is the ability to interface with customers and suppliers. This is termed supply chain management.

5 Specialized Accounting Software
Accounting software has become more sophisticated and customized for specific industry information needs. Specialized accounting software may include: Customer relationship management to keep track of sales calls, seminars, and phone calls with prospective clients Source code that may be customized to fit a particular firm’s needs.

6 Enterprise-Wide Accounting Software Solutions
Enterprise System Functionality: ERP systems originated from manufacturing systems MRP I Systems: Marketing sales projections, Production schedules MRP II Systems: MRP I plus Forecasting and planning for all manufacturing resources including labor and overhead ERP Systems combined MRP II systems with accounting and finance functions

7 Traditional ERP Functions
Order processing and fulfillment Manufacturing Purchasing Human resources

8 Extended ERP Systems Traditional back-office capabilities of traditional ERP systems, plus… E-business Customer management Supplier management Business partner management Strategic business relationship management

9 The Architecture of Enterprise Systems
ERP Configurations Centralized database Application interfaces Extended application interfaces Internet portals

10 Business Processes and Enterprise Systems
Integrated Business Processes ERP Systems and Business Process Reengineering

11 Implementing an Enterprise System
Systems Planning and Forming the Project Team Software and Consultant Selection Preimplementation Work Go Live and Follow-up Training and Change Management

12 Costs and Benefits of Enterprise Systems
Hardware Software Training Technical Business processes Data conversion Interfaces and customization Professional services Reassigned employees Software maintenance Software upgrades Reduced inventory investment Improved asset management Improved decision-making Resolved data redundancy and integrity problems Increased flexibility and responsiveness Improved customer service and satisfaction Global and supply chain integration

13 Copyright Copyright 2005 John Wiley & Sons, Inc. All rights reserved.
Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The purchaser may make backup copies for his/her own use only and not for distribution or resale. The Publisher assumes no responsibility for errors, omissions, or damages, caused by the use of these programs or from the use of the information contained herein.

14 Chapter 8


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