Accounting Information System in Companies in Australia Research Paper

Accounting Information System in Companies in Australia - Research Paper Example The increasing role of AIS in strategic decisions of companies has drawn the attention of management and researchers towards the role of AIS in companies. Toluyemi (1999) argues that accounting information is important for the management of an organisation just like any large stock holdings therefore, to make informed decisions through this information, it should be distinctively stored, updated, retrieved and disseminated. Shareia (2006) adopted a different approach and he studies the present and potential role of AIS in improving the developments in developing economies especially in Libya and he argues that to achieve the goal of developments in the countries like Libya, development and use of accounting information systems and assessment of the factors affecting them is important. Hall (2001 cited in Valdez, 2008) argues that accounting information system which is well organised will make everyday business relatively easier and more effective. Carlson and Parker (1998) emphasises on the importance of computerised accounting information systems in success of businesses and argues that average number of companies facing computer outage for ten years will never fully recover and fifty percent of them are out of business within five years. Sajady, Dastgir & Nejad (2008) studied the role of accounting information systems in companies listed on Tehran Stock Exchange and found that AIS improved internal controls, decision making, companies’ transactions and quality of financial reporting.