I. Having the right Accounting Information Systems (AIS) application is key to your firm’s being able to properly record, classify, and report accounting events. When you take advantage of advances in technology (ability to access an AIS remotely via the web; electronic signatures; electronic workflow, etc.), you can greatly enhance your firm’s operations. Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), describe at least two features are needed in your AIS application that will enhance your firm’s abilities. To support your response, perform a search on the Internet or to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article.
II. Based upon the material covered from the readings and/or videos from Week 3, highlight the three most important concepts you learned this week and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings. NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS.
III. You have been asked by the CFO of your firm to look at ways to improve your key accounting operations (billing, A/R, and A/P). Recommend a best practice for one of these functions, explaining how your best practice will improve your firm’s operations as well as any potential challenges regarding implementing your best practice. To support your response, perform a search on the Internet to find an article that supports your recommendation (excluding the readings from this class). Be sure to include (a) the title of the article; (b) a link to it; and (c) a two-sentence summary of the article.