Analysis of AIS of Any Public Limited Corporation
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This document provides an overview of accounting information systems (AIS) and analyzes the AIS of United Bank Limited in Pakistan. It defines AIS and describes their basic functions and subsystems like the expenditure, production, human resources, revenue, and financing cycles. The document then examines United Bank's Omni account system in particular, outlining its features and how customers can conduct banking via SMS. It also discusses the data collection methods, SWOT analysis, conclusions that AIS must be accurate and reliable, and recommendations to improve United Bank's AIS.
Analysis of AIS of Any Public Limited Corporation
- 2. Finanical Accounting (8501) Presented To: Sir Asif Muzaffar Sheikh Presented By: waQas ilYas Today’s Topic Analysis of AIS of Any Public Limited Corporation.
- 3. It Collects and Stores Data about Activities and Transactions. Its consists of People Procedures Data Software Information technology Q: What Is AIS ? (Accounting Information System)
- 4. Subsystems of AIS Expenditure cycle Involves Activities of buying and paying for goods or services used by the organization. Production cycle Involves Activities converting raw materials and labor into finished goods. Human Resources Involves Activities of hiring and paying employees. Revenue cycle Involves Activities of selling goods or services and collecting payment for those sales. Financing cycle Involves Activities of obtaining necessary funds to run the organization, repay creditors and distribute profits to investors.
- 5. Basic Functions The Data Processing cycle Consist of four steps: 1) Data Input 2) Data Storage 3) Data Processing 4) Information Output
- 6. Practical Study Introduction United Bank Limited (UBL) is Established on 7 November 1959 and it has Assets of over Rs. 550 Billion and a Solid Track Record of 50 years. In Addition is to Convenience of over 1112 Branches Serving you throughout the Country and also at Several Overseas Locations.
- 7. Practical Study of the Organization with Respect to Topic Many further Accounts Information System are running in UBL Such as: UBL Omni Accounts Omni Account holders can use their Omni Account through the SMS Channel. By use of Simple SMS Commands they can avail an array of Banking Services.
- 8. Features Open Omni Account Withdrawal at UBL Branch Withdrawal Agent Mobile Top-up Money Transfer Omni to Omni Utility Bills Payments Buy Vouchers Get Credit Cards
- 9. Data Collection Methods The Primary & Secondary data of this Assignment come from the: Interviews of Personnel of UBL Books Different Websites Newspapers Magazines
- 10. SWOT Analysis Strengths Businesses use AIS to make their Accounting Activities Easier, Quicker and more Accurate. AIS Gives safe time to employees and Avoid Mistakes. Weakness • Less Opportunities of Non Experience Persons. • Errors in Computerized System can Lead to Poor Decision Making.
- 11. Threats • Hacking • Security Threats Opportunities • Advance in Technogoly. • Enhance the Information System.
- 12. Conclusions Accounting Information Systems must be Accurate, Reliable and Efficient to keep Businesses Running Smoothly and Profitably.
- 13. Recommendations Make it Easy to Understand & Operate For Employees. Effective Plans to Face the Problems. Improve Decision Making Capabilities. Increase the Sharing of knowledge.
Editor's Notes
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