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