Some of the faults present in the AIS
Accounting is a highly volatile and essential part of any firm or organization. It deals with the exchange in transactions and keeps all the records of past financial operations. An Accounting Information System keeps track of these fiscal activities in proper order.
But, there are some drawbacks of an AIS system despite its scope as a highly-dependable resource. We shall see the "cons" of these accounting information systems in the following points.
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- Consumes Time
Acquiring the necessary skills sets to adapt to an accounting information system is time-consuming. Managing AIS can cost both – workforce and time. The various components of the AIS are based on computer architecture. The user might take months to acquire the skills to use the AIS. In addition, they might find it challenging to respond to queries for ACC539 Assignment Answers.
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- Data Preservation
Data is crucial in accounting, and adequate database management systems need to maintain it. For example, an accounting information system might suffer sudden electricity blackouts. The server might crash despite having an electric current, and the data can get lost. Hence, a constant check becomes necessary through regularly scheduled maintenance. Firms even install anti-virus software as a precautionary measure, but that cannot guarantee data loss. Losing past financial records for a company can lead to catastrophic consequences.
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- Re-assessment
Constant changes in legal norms compel companies to introduce amendments in their regulations. Such alterations also affect the rules of the accounting system. But each firm follows its unique laws, and structuring the AIS per those needs can be very difficult. Moreover, according to ACC539 Answers, such sudden and frequent changes demand expenses and time from the company's side.
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Parting Words
We do not live in a perfect world, and our technologies also require perfection. Despite the advantages of AIS, its users should be aware of some of its drawbacks.
Ref:- https://uandthem.com/blogs/view/2064/ais-accounting-information-system
