Manuscript Number : SHISRRJ1818920

Role of Accounting Information Systems in Enhancing Managerial Efficiency

Authors(1) :-Dr. Sanjeev Pal Singh

Accounting information is of paramount importance in sustaining managerial decision making, planning and organizational control since it affects the quality and utility of accounting information. Accounting Information Systems (AIS) have the critical function in enhancing the managerial efficiency by supplying necessary, time and relevant data for strategic as well as operational decisions. This paper explores the interplay between the quality of accounting information and its application in managerial processes, emphasizing the five-step framework described by Horngren (2014): information acquisition, problem identification, forecasting, decision making and implementation. This study draws on the works of numerous scholars to explain how AIS combines the qualitative characteristics of relevance, faithful representation, comparability and timeliness to satisfy the differing demands of internal and external stakeholders. Finally, the authors highlight the very important role of AIS in relation to core areas of cost management, resource allocation, performance evaluation and long-term planning. The findings suggest that organizations with well-designed AIS frameworks are more efficient and accurate in financial reporting, thereby supporting better decisions and organization’s growth. Furthermore, the paper takes the case of AIS and managerial efficiency further, through empirical evidence and finds that high quality accounting information has a significant impact on strategic choices within the domains of manufacturing, human resources, marketing, and investments. AIS emerges as an accounting tool that addresses the qualitative attributes determined by International Financial Reporting Standards (IFRS) and the advanced accounting tools in support of the achievement of business objectives and managerial effectiveness.

Authors and Affiliations

Dr. Sanjeev Pal Singh
Associate Professor, Faculty of Commerce, R.B.S. College, Agra

Accounting Information Systems (AIS), Managerial Efficiency, Decision-Making, Financial Reporting, Qualitative Characteristics, Strategic Planning, Organizational Control, Resource Allocation, Performance Evaluation, International Financial Reporting Standards (IFRS).

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Publication Details

Published in : Volume 1 | Issue 1 | January-February 2018
Date of Publication : 2018-02-28
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 242-251
Manuscript Number : SHISRRJ1818920
Publisher : Shauryam Research Institute

ISSN : 2581-6306

Cite This Article :

Dr. Sanjeev Pal Singh , "Role of Accounting Information Systems in Enhancing Managerial Efficiency", Shodhshauryam, International Scientific Refereed Research Journal (SHISRRJ), ISSN : 2581-6306, Volume 1, Issue 1, pp.242-251, January-February.2018
URL : https://shisrrj.com/SHISRRJ1818920

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