Browse over 20 million
homework answers & study documents

Accounting

Accounting Information Systems

Type

Study Guide

Rating

Showing Page:
1/8
Running Head: ACCOUNTING INFORMATION SYSTEMS 1
Accounting Information Systems
Name
Institution

Sign up to view the full document!

lock_open Sign Up
ACCOUNTING INFORMATION SYSTEMS 2
Organisations always aim at having effective and quality data entry controls to prevent
the adverse cost related to inaccuracies while gaining competitive advantage (Xu, 2009, p.1).
The consequences of having poor data entry controls range from regulatory fines, overpayments,
and tainted reputations English (1999, p.13). Such consequences might have serious long-term
dents on the revenue flow and sustainability of a business. Whether manually performed or
computer-executed data entry, controls are essential to all organizations as they improve the
quality of data (Firth, 1996, p.2). With all organizations, non-profit or otherwise, increasingly
dedicated towards reduction of financial and non-financial costs, these controls are a necessity
they cannot afford to ignore.
Westpac has a set of data entry controls that are essential in keeping check of its systems.
These data entry controls, manual and computerized, form an integral part of the organization’s
system. In managing its manual data entry, double entry has been used as a control mechanism.
These two independent individuals work to ensure that no error is overlooked thus enhancing
accuracy. Westpac is consistent with the terminologies it uses in its data entry forms. These
forms are pre-numbered to enhance consistency and reduce errors. These manual controls,
though inadequate, have proved vital in avoiding serious errors of commission.
The company has also put controls that ensures that its computer-execute data entry are
reliable. Most of their computer-entered data is done automatically thus limiting the margin for
human error. The other common feature with this set of data entry method is the error messages.
This offline and online data entry control is put in place to ensure that the person executing the
task is made aware of the error. Such transactions cannot be completed until corrected. Double
confirmation of actions before execution is the other control of the computer-executed data entry
tasks. This is effective since it gives the user a chance to confirm or edit an entry before it is put

Sign up to view the full document!

lock_open Sign Up

Sign up to view the full document!

lock_open Sign Up

Anonymous
Had to paraphrase some of the content but overall, really useful material.

Anonymous
Just what I needed… fantastic!

Anonymous
Use Studypool every time I am stuck with an assignment I need guidance.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4