Qualitative Characteristics of an Accounting Information System inside a Financial Corporation: A Case Study on Multi-Method Information at Haines Watts Corporation


Authors : Murtaza Hussain Shaikh; Fawad Mustafa; Barry Glenn Bishop; Mian Ahmed Zeb

Volume/Issue : Volume 7 - 2022, Issue 3 - March

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3CTPHW9

DOI : https://doi.org/10.5281/zenodo.6366729

With the vast amount of data, and databases across the globe being used in all facets of human life, we can say this century is known as the information era. The qualitative features of accounting information systems are important because they make it easier for both company management and local investors to utilize a company’s financial recitals to make well-informed choices. This study attempts to elucidate the information quality in accounting systems, specifically with Haines Watts financial corporation in London, the United Kingdom, as a case study. This article presents real-life data regarding the role of accounting information in making economic decisions at different levels by its users at Haines Watts via analyses of its accounting standards, the current level of implementation, and overall accounting practices. Indeed, the necessity for a wellorganized information system is imperative with today's economic and technological advances. Therefore, information quality is becoming more prominent in providing data to enterprises while undertaking planning and controlling tasks. The aim of this study is to address the qualitative characteristics and attributes, as well as their limitations. The focused area is accounting and management information systems. Poor quality information inevitably comes from errors made with computer software programs and human errors, and this poor-quality information affects companies’ decision-making processes which is crucial for the future outlook and reputation of the company. The purpose of this article is also to review the impact of qualitative characteristics of accounting information on the decision-making processes with real-life examples; furthermore, this study has no direct implications for legal accounting practices, but it may offer several guidelines as a basis for prospective scholarly studies on accounting information accuracy inside the international financial domain.

Keywords : Information Quality; Accounting System; Parameters; Decision- Making; Management.

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