Question: IMPLEMENT an Accounting Information System for a Small Business Objective: The objective of this is to provide a practical understanding of how to design and
IMPLEMENT an Accounting Information System for a Small Business Objective: The objective of this is to provide a practical understanding of how to design and implement an accounting information system (AlS) for a small business. Requirements: Select a small business (preferably restaurant) with a manual accounting system. Conduct a thorough analysis of the business's current accounting processes and identify areas where an AlS can improve efficiency and accuracy. Design and implement a customized AlS for the business, incorporating relevant accounting principles and best practices. Deliverables: Part I. Introduction: Briefly introduce the small business (preferably restaurant) and the project objectives. Current Accounting System: Describe the current accounting system used by the small business and its limitations. Objectives: Explain the objectives of the AlS implementation project, such as improving accuracy and efficiency of financial reporting. Scope: Define the scope of the project, such as which accounting processes will be included and which won't. Areas for Improvement: Identify areas for improvement in the current accounting system, such as the need for better reporting or increased automation. Solution: Recommend a solution that addresses the areas for improvement identified in the analysis. Part II. AIS Design Document: The AlS design document outlines the design of the accounting information system, including data flows, system architecture, user interfaces, and security features. The design document should provide a clear understanding of how the AlS will support the business's accounting processes. Example components of an AlS design document could include: Overview: Provide an overview of the AlS, including its purpose, functionality, and benefits. Data Flows: Describe how data will flow through the AlS, from data entry to reporting. System Architecture: Describe the technical architecture of the AlS, including hardware and software components. User Interfaces: Describe the user interfaces of the AlS, including data entry forms, reports, and dashboards. Security Features: Describe the document should provide a clear understanding of how the AIS will support the business's accounting processes. Example components of an AlS design document could include: Overview: Provide an overview of the AlS, including its purpose, functionality, and benefits. Data Flows: Describe how data will flow through the AlS, from data entry to reporting. System Architecture: Describe the technical architecture of the AlS, including hardware and software components. User Interfaces: Describe the user interfaces of the AlS, including data entry forms, reports, and dashboards. Security Features: Describe the security features of the AlS, such as user authentication and access controls. OTHER DETAILS: The database software should be ORACLE