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ACC564 Improving Transactional Processing in AIS Strayer University

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

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    Improving Transactional Processing in AIS 1 ACC564 Improving Transactional Processing in AIS Strayer University How can innovative technology changes in Transaction Processing Systems (TPS) improve the efficiency and effectiveness of the revenue cycle, expenditure cycle, human resources/payroll cycle, and financial reporting systems in an organization? Discuss at least two technology changes for each cycle and propose corresponding controls to mitigate potential threats. Additionally, evaluate whether firms should be more aggressive or cautious in updating their Accounting Information Systems (AIS) applications and processes, considering the rapid pace of technological advancements. Please ensure your response is supported by academic resources and is at least 1,200 words in length.

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    Improving Transactional Processing in AIS 2 Improving Transactional Processing in AIS Mubarak Angalo Strayer University ACC564 March 2013 Instructor: Dr. Daniel Acheampong A 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 preparation The benefits of understanding transaction processing systems include: 1. Recognizing limitations in currently installed transaction processing systems such as: • Inadequate data controls • Inefficient processing • Out - of - date files • stored data that cannot be accessed quickly • Data that is poorly classified and coded 2. Recommending new or improved processing approaches and storage methods Propose two (2) innovative technology changes that would be appropriate for a firm’s: o Revenue (sales to cash collection) cycle; o Expenditure (purchase to cash disbursements) cycle; o Human resources / payroll cycle; and

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