The impact of accounting information system on decision making process PDF
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In the field of accounting, economic information is of great interest, meaning that accounting information plays an important part in the economic book-keeping/registration system in general, but also in the economic information system especially for decision making necessary for the business. Although accounting information are available for a wide range of users - stakeholders (managers, employees, suppliers, customers, financial creditors, government and its institutions, the public, the media, etc.), the investors (shareholders) are recognized as the privileged users of accounting information. Four principal qualitative characteristics must be met for the accounting information to be useful in the management system: understandability, relevance, reliability and compatibility of information. Any economic transaction processing involves collecting, categorizing, summing and analysing the data. From the findings of this research, it shows that accounting information play a vital role in making investment, financing, dividend and lending decisions. The sufficient supply and proper use of accounting information had gone a long way in helping management in making efficient and effective decision and for this, there is a significant of impact of the use of accounting information as an aid to management decision making in the institutions. Show
The Impact of Accounting Information On Decision Making Process 0 ratings0% found this document useful (0 votes) 85 views8 pagesDocument Informationclick to expand document informationOriginal TitleThe Impact of Accounting Information on Decision Making Process Copyright© © All Rights Reserved Available FormatsPDF, TXT or read online from Scribd Share this documentShare or Embed DocumentSharing Options
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Home Books Audiobooks Documents Gupta, Pooja,et al. "Predictive Modeling of Stress in the Healthcare Industry During COVID-19: A Novel Approach Using XGBoost, SHAP Values, and Tree Explainer." vol.15, no.1 2023: pp.1-20. http://doi.org/10.4018/IJDSST.315758 APAGupta, P., Maji, S., & Mehra, R. (2023). Predictive Modeling of Stress in the Healthcare Industry During COVID-19: A Novel Approach Using XGBoost, SHAP Values, and Tree Explainer. , 15(1), 1-20. http://doi.org/10.4018/IJDSST.315758 ChicagoGupta, Pooja and Srabanti Maji, and Ritika Mehra. "Predictive Modeling of Stress in the Healthcare Industry During COVID-19: A Novel Approach Using XGBoost, SHAP Values, and Tree Explainer," 15, no.1: 1-20. http://doi.org/10.4018/IJDSST.315758 What are the impact of accounting information on decision making process?Accounting information system is the vital system to all organizations to make decision (Wilkinson et al., 2000). Accounting information helps for decision makers to understand their tasks more clearly and reduce uncertainty before making their decisions (Chong, 1996).
How an AIS can help in decision making?AIS involved identifying, recording, analyzing, summarizing and communication of economic information to its end user for decision making. Decision making has been described as a purposeful choosing, from a number of alternative causes of action. AIS provide managers with the necessary information they need.
What is the relationship between accounting information system and decision making?Accountancy can support the decision making process and management activity. The objective of an accounting system is to provide financial information concerning the studied company. The information concerns the financial situation and the performance of a company and there is intended to the users to taking decisions.
What is the impact of accounting information?By using accounting information systems, decision makers obtain useful information and use it in decision-making and strategy building to achieve organizational goals and objectives, which should increase the company's performance.
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