Finanical Accounting (8501)

Presented To:

Sir Asif Muzaffar Sheikh

Presented By:

waQas ilYas

Today’s Topic Analysis of AIS of

Any Public Limited Corporation.

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)

Subsystems of AISExpenditure 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.

Basic FunctionsThe Data Processing cycle Consist of four steps:1) Data Input

2) Data Storage

3) Data Processing

4) Information Output

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.

Practical Study of the Organization with Respect to Topic

Many further Accounts Information System are running in UBL Such as:

UBL Omni AccountsOmni 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.

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

Data Collection MethodsThe Primary & Secondary data of this Assignment come from the:

Interviews of Personnel of UBL Books Different Websites Newspapers Magazines

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.

Threats

• Hacking

• Security Threats

Opportunities• Advance in Technogoly.

• Enhance the Information System.

Conclusions Accounting Information Systems must be Accurate,

Reliable and Efficient to keep Businesses Running

Smoothly and Profitably.

Recommendations Make it Easy to Understand & Operate For Employees. Effective Plans to Face the Problems. Improve Decision Making Capabilities. Increase the Sharing of knowledge.