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Posted By Admin @ Mar 01, 2022
Posted By Admin @ Mar 01, 2022
Title: Report on information accounting system
Introduction of information accounting system
In this paper, there is a proper discussion about the information accounting systems that can be used for the financial reporting for businesses in the banking sectors. The accounting information is extremely important for any organization. Due to this, companies are able to give their financial statements to the banks. The main reason is that such an accounting information system is managing. Through the help of such an information system, the banks are able to make a huge impact on the rationalization of making important decisions for the banking sector. There are many banks that are using different technologies to enhance the banking sector.
The next method is used for conducting the research is related to the analysis of the change in the different accounting information systems.
The problem of the study
The main problem is that the accounting information system is not perfect, and there is a need to add more technology in that system so that it is possible to make it more reliable for the banks. In this study, there are some past studies that are giving information about the past systems used for accounting information.
For conducting this research, the researcher has used the secondary source of information by gaining information from the banking sectors
The objective of the study
This study will highlight some important technologies related to accounting information systems. This study will check the previous works on that system. It will analyze some problems related to banking sectors.
Effect of accounting information system on Financial Reporting
The main aim of this research is to present the accounting information that will give comprehensive information on financial reporting in banks. The accounting information is extremely important for any organization. Due to this, companies are able to give their financial statements to the banks. The main purpose of this study is to review and analyze the technologies that are adopted by different organizations. In this study, there are some past studies that are giving information about the past systems used for accounting information. In the past, there isa huge research gap in accounting information and its quality in different organizations. In this paper, there are some studies that are related to advanced economies in the banking system.
The method used for carried out the research is quite effective. The reason is the effect of the latest accounting information systems are not reliable for carrying out real information about the banks. Due to this, the quality of financial reporting has been studied and analyzed by different past researchers through the use of several analytical methods. From the information and pattern of the paper, it can be said that it is an empirical study that is completely based on such a system for the banking sector. For conducting this research, the researcher has used the secondary source of information by gaining information from the banking sectors. This secondary source is providing comprehensive information about different accounting systems that are involved in increasing the quality of reporting in the banking sectors. The survey questionnaire has been distributed among 70 employees of the bank. Out of total 70 questionnaires only 60 were returned being filled and complete. It shows the response rate of 85%.
The results are showing that the past accounting information was giving proper information about the system in a comprehensive way. The results were also giving information about the banking sector policy regarding this system. This shows that this system is implemented in different organizations for automating and integrating the business operation in a proper way. These results show that the banking sectors are using such systems to gain information about financial reports. It can be seen that accounting was able to make a huge impact on the accounting information system and make it more reliable for the banking sectors. This paper has analyzed the banking sectors completely through secondary research that gives proper information about how new accounting information is giving them the opportunity to enhance their system in a proper way. Moreover, the next thing is that it is proved that the qualitative characteristic of any accounting system can be maintained easily through the help of an internal control system. But the problem is that the control system is not advance. There is a need to add some technologies in the control system that is able to transfer proper information to the different banking system.
The results have also shown that if there is a complete computerized accounting system that is able to analyze the financial report of the system, then it will be quite easy for any organization to communicate in a better way with the banking system. This system will also help the companies to grow at a faster rate and also manage their accounts in a proper way (Robert & Aganda, 2016).
FR1: Financial reporting better helps to identify organizational health.
FR2: Accounting information is extremely important for any organization.