Introduction
In the industrial era competition, several key concepts have become obsolete. Therefore, the environmental determinants of the accounting information should have new capabilities to win the competition. The national information technology infrastructure and the accounting information as a management of the financial resources should be in place for the smooth running of the national economy. This is to provide efficient operation of the firm with sufficient information in real time. However, it is not a simple concept that can be changed from the computerized accounting to AIS because it is a representative concept of the accounting reform and developments. Moreover, the revolution of the modern information technology is applied greatly in the accounting work to achieve the development of accounting technology. But the network for the traditional accounting systems influences the theoretical system while giving its new meaning and content.
How AIS is affecting accounting theory and practice
Accounting information system is a structure that is operating some functions of data such as gathering, processing, categorizing, and making financial reports mainly to provide relevant information primarily to store inventories (Sealehi & Abdipour, 2011). It also provides financial reports on any basis (daily, weekly or monthly). Therefore, successful implementation of the AIS is necessary since it improves the quality of work, product flow, flexibility, the ability to multifunction. Thereby, it increases motivation while using the software. Similarly, it also solves the employee capabilities. Thus, increasing production and performance regarding the cost of production and the integration of the suppliers. The above issues make the AIS more advantageous in use than the theory and practice of accounting.
The accounting information involves the application of modern technology such as computers, communicators, and networks. Therefore, to reconstruct the traditional model of accounting, profound developments and extensive use of accounting information resources should be put in place to establish the amount of technical and integration of accounting. Consequently, the AIS will open the current accounting information to improve the usefulness of the accounting information that can optimize the allocation of resources. Moreover, it will promote, economic, and social advancements during the process of accounting information at the national level as well as the informing the enterprises regarding its foundation. The definition of the AIS has put more emphasis on the nature and process of accounting through the use of modern information technology. That is the aim of the AIS concerning the theory and practice of accounting is to create a current AIS that can improve the usefulness of the accounting theory and practice.
The theory of accounting is a systematic combination. Therefore, the traditional accounting systems as a method start with the objectives, main assumptions, and applications of accounting,
Impact of Accounting Information Quality
The features of AIS are reliability, understandability, relevance, timeliness, and comparability. The characteristics enable the decision making to be directly related to the consequences of the decisions. That is the AIS has met the wants of policy makers. The accounting philosophy of harmony in the financial reporting has reflected the need for the general law in accounting and summary (Awosejo, Kekwaletswe, Petrorius & Zuva, 2013). Moreover, the accounting information in business management have indicated on the general principle of accounting, and this has improved the quality of accounting information.
Effects of accounting information on the academic world
The management of AIS has promoted the reform of the whole accounting theory and practice. The following are the effects of the AIS: Transfer of knowledge. The development of the AIS in the related areas that may escape the attention of a narrow focus of the accounting practitioners by exploiting the small opportunity cost of learning about similar academic fields (Alles, Kogan & Kasarhelyi, 2008). Therefore, corporations that are using the AIS should allow the employees to spend time on their area of interest instead of working continuously on the work that has been assigned to them. That is the AIS permits its users to learn more about what is going outside the accounting department. On the other hand, the application of the system is much related to academics since it close to discovery-driven research as compared to other practitioners who are engaged in their daily accounting work.
Application of skills. The users should employ people with good academic qualifications that can provide insights into the AIS problems. For example, the experts in AIS should know how to conduct experiments with practical subjects. That is academics is better because of its training at learning new academic skills that can give the users a comparative advantage.
Long term normative research. This will help in identifying any potential trends that can shape the practice of the AIS above the planned horizon of the profit-making firms that have adopted the AIS. Therefore, there will be an open opportunity for academics to assume the duty of accounting pioneers in opening up the unexplored chances.
In conclusion, the use of the AIS is relatively accepted within the accounting companies due to change that has come with the application of such systems. The use of the AIS that is based on computers brings new trends of change from the traditional accounting systems to a computerized method. But most users are not ready for such systems; therefore, they find it tough to adopt it. However, the use of AIS is mainly influenced by the institutions.
References
Alles, M., Kogan, A., & Kasarhelyi, M. (2008). Exploiting Comparative Advantage. International Journal of Accounting Information System, 9(1).
Awosejo, J., Kekwaletswe, M., Petrorius, P., & Zuva, T. (2013). The Effects of Accounting Information System in Accounting. International Journal of Advanced Computer Research, 3(12).
Sealehi, M. & Abdipour, A. (2011). A study of the barrier of implementation of accounting information systems. Journal of Economic and Behavioral Studies, 2(2), 76-85.
