Accounting 3 pages paper- Must be ORIGINAL

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pc26380

Business Finance

Description

You are a consultant assisting the Hana Company in the implementation of its AIS and are focusing on

financial analyses and reports that are used internally and also distributed to other firms that operate partnerships with Hana. The accounting staff prepares reports based on queries of the data, which takes time each month to adjust, filter, format, and produce the report. By the time this process is complete, which takes several weeks, the data is not current.

Hana is now considering the possibility of developing functionality to automatically generate the financial analyses and reports to reduce or eliminate manual processes and manipulation of data.

Determine the requirements and recommend a solution to achieve the desired results that include timeliness and completeness of the information, describe what controls need to be in place, and choose the best platform.

Your well-written paper should meet the following requirements:

Be 3-4 pages in length.

Be formatted according to the CSU-Global Guide to Writing an d APA Requirements.

Cite a minimum of two scholarly sources, at least one of which is not provided in, or linked from, the course. The CSU-Global Library is a great place to find these scholarly sources.

Write clearly and logically, as you will be graded on content, analysis, and your adherence to the tenets of good academic writing, which should be succinct where possible while also exploring the topics appropriately. Remember that you can always improve your work by providing support from outside scholarly sources, which help both to bolster your own assertions and supplement your ideas.

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Explanation & Answer

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Running head: ACCOUNTING INFORMATION SYSTEM-AIS

Accounting Information Systems-AIS
Name
Institutional Affiliation
Instructor
Submission Date

2

ACCOUNTING INFORMATION SYSTEM
Implementation of AIS for Hana Company
Hana Company like many others is faced with a challenge of financial analyses and
reports. The records are planned on historical facts, and consequently, they neglect to give the
accurate and fair outlook of the firm at the event when reports are used. It is then necessary that
the company uses accounting information systems in order to provide more timely and accurate
results. Accounting information systems are computerized programs that keep the records of a
company. Initially, the information is keyed in to the system. Then the system organizes the
information to the desired outputs by the user. The information is used to generate income
statements, balance sheets, invoices and other relevant reports. The timely financial analyses and
reports will assist the management, shareholders, investors and employees in making better and
more informed decisions. The information available will be more reliable than what the company
has at the time (Kearns, 2014) .
The accounting information ...


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