The Effects of Modern Accounting information System in the Performance of a Business

Abstract

INTRODUCTION

The objective of this study is to have an in-depth analysis on the effect of Accounting information System in the financial performance of a business.

METHODS

This research utilized quantitative descriptive method of research to allow the researchers to gather information, summarize, present and interpret data for clarification and classification.

RESULTS

Based on the findings of the study, it can be concluded that Accounting information System contribute to the efficiency of financial reports that are needed in effective decision making, and it helps to make a fast report on the different financial activities of a business.

DISCUSSIONS

The Accounting information System improves the external and internal information sharing of financial data to the owner and the employers. It helps to avoid mistakes in encoding financial data that will determine the performance of the business as well as reduces the data processing time of financial information that leads to a quick and sound decision making.