Accounting Information Systems Assignment Example | Topics and Well Written Essays - 2500 words

Accounting Information Systems - Assignment ExampleAir New Zealand has in addition has diversification in aircraft engineering and ground treatment run of airlines. Apart from it won services it also provides these two services to other domestic as well as international companies. Subsidiaries of this group also offer online ticket booking services, retailing and travel wholesaling services. Vision of the caller is that it strives to become number airlines company in terms of customer satisfaction of services in every country where it provides services (Air New Zealand, 2012). The company is dedicated to become customers first choice of airlines for travelling to within and from New Zealand. The company has create a competitive advantage in terms of creativity and innovation in its services quality. The company promotes the domestic culture, people, behaviors and quality of business practice to the afield people. It also has a long term value i.e. growth company and contribution a major percentage to the domestic countries growth. The company has been awarded Airline of the division in 2010 and 2012 and it also achieved many national international awards for its quality services. According to companys pecuniary report of 2010, it has total assets of NZ$1,566 million and profit of NZ$82 million. Accounting information systems of the company refers to the efficient use information technology to management of companys operating activities and recoding of daily financials transactions and information. caller-up provides high priority to its Accounting information systems as it maintains the companys accounting and financial information and update daily basis. AIS help the company to run for accounting and financial management efficiently and easily. As AIS has higher involvement of information technology and computers systems, network, internet etc so there is higher possibility that the company could be overt to computer fraud and abuse in many ways (Sor i, 2009, p.36). There are some general pillow slips of threat related to accounting information systems of the company. Terrorist attack and natural deserter in New Zealand and other operating countries are considered as macroeconomic threats to the companys information systems. some other micro environmental threats are malfunction of hardwires software errors, human unintentional manual errors, and lastly the most dangerous intentional acts or computer crimes. like a shot fraud refers to intentional unethical and unfair business practice by organizations or someone or groups. Supplier of product and services to this company major power gain unethical interest or benefits over the company. Any individual within the organization may commit fraudulent activities intentionally for his or her individual interests. In efficient asset management through absence of internal control systems leads to theft of companys valuable assets. Another affective type is fraudulent reporting of f inancial statements. Accounting information systems has given high priority and focus by the company to protect any fraudulent activities regarding financial reporting which is quarterly or yearly result of daily accounting records and maintenance and updating ethically and fairly representation of that. The company could be exposed to any type of fraudulent financial reporting due to some common reasons that leads to unethical business practice by the company. Presence of deceive creditors or suppliers, or investors might be the reason one reason. Another way of reporting fraudulent financial statements can be done by change magnitude the current market of share of the company. Third reason might be to collect investment to sufficient cash inflow to the