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ACC564 Improving Transactional Processing in AIS Strayer University - Document preview page 1

ACC564 Improving Transactional Processing in AIS Strayer University - Page 1

Document preview content for ACC564 Improving Transactional Processing in AIS Strayer University

ACC564 Improving Transactional Processing in AIS Strayer University

This paper explores ways to improve transactional processing in accounting information systems at Strayer University.

Daniel Kim
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ACC564 Improving Transactional Processing in AIS Strayer University - Page 1 preview imageImproving Transactional Processing in AIS1ACC564 Improving Transactional Processing in AIS Strayer UniversityHow can innovative technology changes in Transaction Processing Systems (TPS) improve theefficiency and effectiveness of the revenue cycle, expenditure cycle, human resources/payrollcycle, and financial reporting systems in an organization? Discuss at least two technologychanges for each cycle and propose corresponding controls to mitigate potential threats.Additionally, evaluate whether firms should be more aggressive or cautious in updating theirAccounting Information Systems (AIS) applications and processes, considering the rapid pace oftechnological advancements. Please ensure your response is supported by academic resourcesand is at least 1,200 words in length.
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ACC564 Improving Transactional Processing in AIS Strayer University - Page 3 preview imageImproving Transactional Processing in AIS2Improving Transactional Processing in AISMubarak AngaloStrayer UniversityACC564March2013Instructor: Dr.Daniel AcheampongA fundamental task in any AIS is to process transactions affecting the organization.Transaction processing systems involve three stages:• Data entry• Data and file processing• Output preparationThe benefits of understanding transaction processing systems include:1. Recognizing limitations in currently installed transaction processing systems such as:•Inadequatedata controls•Inefficientprocessing•Out-of-datefiles• stored data that cannot be accessed quickly•Datathat is poorly classified and coded2. Recommending new or improved processing approaches and storage methodsPropose two (2) innovative technology changes that would be appropriate for a firm’s:oRevenue (sales to cash collection) cycle;o Expenditure (purchase to cash disbursements) cycle;o Human resources / payroll cycle; and
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Document Details

University
Strayer University
Course
ACC 564
Subject
Accounting

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