accounting-there-are-multiple-types-of-information-systems

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

!
Individual Research Paper
Gili Kopan
October 11th, 2015

!
!

Page !1 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

!
Abstract
There are multiple types of information systems, they all have a unique purpose. Information
systems are used within different components in a company for example there may be transaction processing systems, management information systems, executive information systems,
and many more types of information systems. Almost all information systems are used
through the computer. Understanding the use and necessity of informations systems in accounting is critical to understand the current accounting methods being used world wide. The
information system used by a firm can depend greatly on the size of the firm a smaller firm
will often times use a more cost effective software. Most large firms use a more centralized
informations system know as ERP Enterprise Resource Planning. In this research paper we
will look more in depth at different information systems being used in the industry.


Page !2 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

Ottero breaks down some issues in the industry regarding Information Systems in his
article, “An information security control assessment methodology for organizations’ financial
information,” written by Angel R. Otero in 2015. Ottero understands the importance of information systems but also points out potential weakness that can occur from poor quality information
systems, “In an era where dependence of information systems is significantly high, the threat of
incidents related to information security that could jeopardize financial information held by organizations is serious. Alarming facts within the literature point to inadequacies in information
security practices, particularly the evaluation of information security controls in organizations.
Research efforts have resulted in various methodologies developed to deal with the information
security controls assessment problem. A closer look at these traditional methodologies highlights
various weaknesses that prevent an effective information security controls assessment in organizations. This paper develops a methodology that addresses such weaknesses when evaluating information security controls in organizations’ financial systems” (Otero, 2015). Articles like Ottero’s are important for the progression and advancement of information systems in accounting.
Zoning in on specific issues in information systems can help new information systems improve
and be more useful, “The U.S. Supplement 2014 Global Economic Crime Survey, performed by
Price Waterhouse Coopers LLP, featured the views of more than 5000 participants from over 100
countries on the prevalence and direction of economic crime since 2011. The survey revealed
that 54% of U.S. participants reported their companies experienced fraud in excess of $100,000
with 8% reporting fraud in excess of $5 million. Additionally, the 2009 CSI/FBI Computer
Crime and Security Survey (conducted on 443 information security and information technology
Page !3 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

(IT) professionals in the U.S.) found that average information security losses in organizations,
leading to computer security breaches, reached approximately $234,300 per respondent” (Otero,
2015). Information systems have transformed over the years and continue to do so accounting
also changes and advance in order to meet audit criteria Information systems must continue to
improve.

Although many different forms of information systems are useful one of the largest
types of information system is ERP, “ERP systems are typically the largest, most complex,
and most demanding information systems implemented by firms, representing a major departure from the individual and departmental information systems prevalent in the past. Firms
and individuals are extensively impacted, and many problematic issues remain to be researched. ERP and related integrated technologies are a transformative force on the accounting profession. As the nature of business evolves, accounting expertise is being called on to
make broader contributions such as reporting on nonfinancial measures, auditing information
systems, implementing management controls within information systems, and providing
management consulting services. This review of ERP research is drawn from an extensive
examination of the breadth of ERP-related literature without constraints as to a narrow timeframe or limited journal list, although particular attention is directed to the leading journals
in information systems and accounting information systems. Early research consisted of descriptive studies of firms implementing ERP systems” (Schmidt, 2011). The reason many
large companies use ERP systems is because the increased efficiency and planning this type
of system provides their company, “An ERP system enables an organization to integrate all
Page !4 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

the primary business processes in order to enhance efficiency and maintain a competitive position. However, without successful implementation of the system, the projected benefits of
improved productivity and competitive advantage would not be forthcoming. In its basic definition, ERP is an enterprise-wide information system that integrates and controls all the
business processes in the entire organization. The Enterprise Resource Planning (ERP) system is an enterprise information system designed to integrate and optimize the business processes and transactions in a corporation. The ERP is an industry-driven concept and systems,
and is universally accepted by businesses and organizational industries as a practical solution
to achieve an integrated enterprise information system solution. ERP systems have become
vital strategic tools in today’s competitive business environment. The ERP system facilitates
the smooth flow of common functional information and practices across the entire organization. In addition, it improves the performance of the supply chain and reduces the cycle
times. However, without top management support, having appropriate business plan and vision, re-engineering business process, effective project management, user involvement and
education and/or training, organizations cannot embrace the full benefits of such complex
system and the risk of failure might be at a high level” (R. Addo-Tenkorang and P. Helo,
2011).
Information systems are more than just the technology used in the system their depend on the administrator of the system to ensure they are used correctly and effectively. In
this research paper we have looked at different types of information systems, we have looked
at successful information systems and unsuccessful information systems. God teaches us to
Page !5 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

be diligent and hard working in all things and that will allow us to achieve greatness. Information systems needs diligence in the creation and implementation of the system. “For even
when we were with you, we would give you this command: If anyone is not willing to work,
let him not eat. For we hear that some among you walk in idleness, not busy at work, but
busybodies. Now such persons we command and encourage in the Lord Jesus Christ to do
their work quietly and to earn their own living” (Thessalonians 3:10-12). In all things we
must put forth our best effort to assure we can achieve greatness. The Lord teaches us how to
put forth hard work and shows us that with faith and effort we will be able to reap what we
sow. Although information systems may vary from company to company the underlying factor that determines the success of the information system is whether it was made effectively
and implemented effectively. In order for the information system to be created to work properly meticulous attention to detail must be paid by the creator of that information system. In
order to ensure the information system is used properly the implementor must also pay close
attention to detail. “The sluggard craves and gets nothing, but the desires of the diligent are
fully satisfied. Dishonest money dwindles away, but he who gathers money little by little
makes it grow” (Proverbs 13:4-11). We must work hard for the purpose of achievement and
not the desire of money. The desire of money leads many to cut corners in attempts to gain
riches more quickly, however patience and diligence lead us down the correct path, the path
lead by the Lord. Accounting is an industry that requires a lot of close attention to detail and
Information systems are also with in the category or requiring hard work diligence and close
attention to detail.
Page !6 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

!
!

Page !7 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

!
References
Barnard and Von Solms, 2000
L. Barnard, R. Von Solms
A formalized approach to the effective selection and evaluation of information security
controls J Comput Secur, 19 (2) (2000), pp. 185–194
Bedard et al., 2008
J.C. Bedrid, L. Graham, C. Jackson
Archival evidence on detection and severity classification of Sarbanes-Oxley Section 404
internal control deficiencies Working paper Bentley University (2008)
Chen and Yoon, 2010
Z. Chen, J. Yon IT auditing to assure a secure cloud computing
6th World Congress on Services (2010), pp. 253–259
Da Veiga and Eloff, 2007
A. Da Veiga, J.H.P. Eloff An information security governance framework Inf Syst Manag,
24 (4) (2007), pp. 361–372
Otero, 2015 Angel R. Otero
An Information security control assessment methodology for an organizations’ financial
information. International Journal of Accountong Information Systems (2015), pp. 26-45

Page !8 of !9

Student Name: Gili Kopan
Student ID: L26717476
ACCT 531
Individual Research Paper
Date: October, 11th 2015

ESV: Study Bible : English standard version. (ESV text ed.). (2007). Wheaton, Ill.:
Crossway Bibles.
Dawna M. Drum, Rhetta Standifer and Kristina Bourne. (2015) Facing the Consequences:
Examining a Workaround Outcomes-Based Model. Journal of Information Systems 29:2,
137-159.
R. Addo-Tenkorang and P. Help, 2011. Enterprise Resource Planning (ERP): A Review
Literature ReportProceedings of the World Congress on Engineering and Computer
Science 2011 Vol II WCECS 2011, San Francisco, USA
Severin V. Grabski, Stewart A. Leech, and Pamela J. Schmidt (2011) A Review of ERP Research:
A Future Agenda for Accounting Information Systems. Journal of Information Systems:
Spring 2011, Vol. 25, No. 1, pp. 37-78.
Xuefei (Nancy) Deng and Tawei Wang. (2014) Understanding Post-Implementation
Support for Enterprise Systems: An Empirical Study of IT Personnel’s CustomerOriented Citizenship Behaviors. Journal of Information Systems 28:2, 17-39.
Online publication date: 1-Dec-20141-Feb-2014.

Page !9 of !9

More to explorer

World Literature

Consider the gender of the characters in your chosen work. How are male and female characters portrayed? How does the work portray

Worldview

Consider different societal/cultural factors that can influence a person’s worldview. Select themes present in the topics we have discussed this term and

Answer:

Title: accounting-there-are-multiple-types-of-information-systems

This question has been Solved!

Click the button below to order this solution.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open chat