Monday, April 20, 2020

Quality of AIS, impact of AIS on financial information and decision making


1.         Quality of AIS, impact of AIS on financial information and decision making

The answers to the following questions range from strongly agree to strongly disagree. Please note that:
1= Strongly agree. 2= Agree. 3= No Opinion. 4= Disagree. 5= Strongly disagree.
Instructions: Tick the appropriate box

Sl #
Question
1
2
3
4
5
Strongly agree
Agree
No Opinion
Disagree
Strongly disagree
1
Timely relevant information can be derived from the Accounting Information System (AIS)





2
Segregation of duties has been implemented as part of the AIS





3
Measurement of Key Performance Indicators (KPIs) has been integrated with AIS





4
Non-financial attributes are embedded in the AIS





5
Concurrent transactions are automated with proper notification





6
Modification to any approved data requires prior approval from top management





7
Financial data stored in the AIS is integrated whole system wide





8
Use of paperwork has come to almost zero





9
Human resources costs and numbers have been minimised





10
Big data can be handled easily and efficiently





11
Support system for exceptional transactions are integrated





12
Data input from one module is embedded in the AIS





13
Implementation of AIS was maintained using work flow charts





14
AIS is compliant with regulations for Companies in SA





15
Productivity, efficiency has increased after implementation of AIS





16
Wastage of resources has been decreased after implementation of AIS





17
Employee turnover has decreased after implementation of AIS





18
Profitability and cash management efficiency has been increased after implementation of AIS





19
Forecasting on operational plans are more realistic





20
Relevance and reliability of financial information has increased





21
Analysis of accounting information has been increased from multiple perspectives





22
Concurrent formative reporting has been automated





23
Maintenance of working capital has been more efficient





24
Cash cycle has improved after implementation of AIS





25
Lost sales and over inventory costs has significantly reduced after implementation of AIS





26
Predetermined criterion help to reduce concurring decision making time





27
Distribution of financial and non-financial information from AIS is faster using electronic medium to stakeholders





28
Financial data security has increased after implementation of AIS





29
Time series analysis of financial analysis assists informed decision making





30
Evaluation of Critical Success Factors (CSFs) has been accelerated and accurate





31
Manipulation of financial information from AIS is very difficult





32
Customised information can be obtained from the AIS very quickly for better decision making





33
Automated financial reports can lack all required information





34
AIS generated financial reports might be non compliant with regulatory reporting format





35
Updating of reporting format updates all past reports and can distort historical reports generated





36
Changes of financial reports require more time to integrate with AIS





37
Cross interpretation of financial information is difficult





38
What if analysis of financial information is limited in AIS with non financial parameters





39
Addition of explanatory notes is not possible with automated financial reports in AIS





40
Impact of contingent events are not reflected in the AIS generated financial reports









(i) What is the level of quality of AIS adopted by listed companies in SA?
            1 to 8
(ii) What is the impact of AIS on the quality of financial information among companies in SA?
9-20
(iii) What effect does AIS have on the decision-making in SA listed companies?
21-32
(iv) What are the threats to the quality of financial reporting when using AISs?
33- 40

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