Common themes and findings from the articles
What Is The Impact Of Accounting Information (AIS) On Firm?
In this competitive business environment, the companies, in order to witness a stable growth, have to examine their strategies on a regular basis so as to consider the risk and operations tactfully. Hence, to keep pace with the changes, the need of information is of utmost importance, which supports the decision-making process of the business manager (Jawabreh 2018). Therefore, the tool which assists the managers is termed as Accounting Information System (AIS). The AIS is referred to hold such significance because it not only stores the accounting information of the organization but also gauges, maintain as well as also communicates the same in the accounting report.
The Accounting Information System (AIS) generally contains the essential factor which is idle for an accounting cycle. This makes it the most important element for an organization which is kept much secured and measures are taken against any virus attacks or hacking. The basic task of this tool includes the assurance of availability of sufficient information which is need throughout for various purposes such as tax administration, conducting statistical analysis and even decision-making purpose. Hence, the AIS seem to help the managers of all levels to determine as well as manage the process so as to achieve the company’s strategic goal.
Four important articles are selected “The Impact of Accounting Information System in Planning, Controlling and Decision-Making Processes in Jodhpur Hotels”, “The Impact of Accounting Information Systems (AIS) on Firm Performance: Empirical Evidence in Turkish Small and Medium Sized Enterprises”, “Using Financial Analysis Methods in the Hotel Sector for the Purposes of Planning and Monitoring Case Study Al Zaitonia Hotel” and “The Usage of Accounting Information System in Hotel and Restaurant Management: An Evidence from Indonesia” in identifying the common themes from them.
Theme 1: Usage of Accounting Information System in enhancing competition intensity
Jawabreh (2018) stated that the higher the competition within the industry, the more will be usage of effective accounting information system for improving organizational performance. The information that will be gathered from the information system will be useful in the planning and decision making strategy of the organizations. Esmeray (2016) indicates that in order to survive as well as succeed within the competitive market, the organizations require to observe the likely threats cause to the potential consumers. The accounting information system will also offer relevant information on the threats related with the substitute services or products and the characteristics along with the intensity of business rivalry within the industry. These articles also indicated that AIS can be employed by the hotels in monitoring their services offered in comparison to its competitors. Tarigan and Putri (2015) indicated that such information can be gathered regarding maintaining stability of consumer needs along with addressing food and service quality needs of consumers.
Different themes and findings from the articles
Theme 2: Accounting Information System Impact on Organizational Performance
Jawabreh (2018) presented a view that accounting information system offers benchmarking along with monitoring information that can further facilitate the hotels in recognizing, monitoring along with implementing suitable strategy that can improve performance of the employees within the hotels of Jodhpur. It was gathered from these articles that usage of AIS facilitates the hotels to turn out to be a learning organization. Jawabreh, Mahmoud and Al Momani (2017) stated that use of AIS can facilitate the hotels Al Zaitonia in maintaining better operations amendment. Information gathered from AIS can facilitate hotels in make better decisions to enhance their performance based on certain important metrics. The metrics indicated by the selected articles include number of units produced, lead time of processes, levels of capacity utilization and better service offered to consumers. Esmeray (2016) revealed that most of the hotels in Turkey rely on the accounting information system for attaining better planning and performance objectives through controlling information in a manner so that they are relevant, accurate, timely, and cost effective and has clarity.
Four important articles are selected “The Impact of Accounting Information System in Planning, Controlling and Decision-Making Processes in Jodhpur Hotels”, “The Impact of Accounting Information Systems (AIS) on Firm Performance: Empirical Evidence in Turkish Small and Medium Sized Enterprises”, “Using Financial Analysis Methods in the Hotel Sector for the Purposes of Planning and Monitoring Case Study Al Zaitonia Hotel” and “The Usage of Accounting Information System in Hotel and Restaurant Management: An Evidence from Indonesia” in identifying the different themes from them.
Theme 1: Information Quality and Organizational Performance
Jawabreh, Mahmoud and Al Momani (2017) indicated that the quality along with effectiveness of AIS depends on the input and output quality along with process and this processes the data quality essence in hotel performance. Implementation of AIS must be done by means of considering the system quality along with quality of data employed within the decision making process of the company. Esmeray (2016) evidenced that improvement in a hotel’s AIS needs to be carried out through enhancing the quality of data employed within decision making process of the hotel. Data quality is deemed to be important in ensuring positive impacts of the organizations internal auditors’ perception. These researchers also revealed that the essential aspect that must be maintained by the AIS in hotels includes developing company benefits in well-designed and better implemented systems. Jawabreh (2018) indicated that proper implementation of AIS can enhance performance of hotels as it can avoid occasional system crashes in hotels that are important in maintaining business operations resulting in decreased organization product cost.
Managerial implications of four articles
Theme 2: Data Quality and Hotel Performance
According to Esmeray (2016) in case the accounting information system is not well designed it might result in failure of the performance in hotels. For this reason, it is important for the hotels in Turkey to maintaining data warehousing through information gathered from its accounting systems. This is because of the reason that AIS is deemed to be related with perceived net benefits in terms of individual productivity along with ease of decision making at operational level. Jawabreh, Mahmoud and Al Momani (2017) indicated that system quality is positively linked with the organizational influence in the hotel Al Zaitonio. For this reason, these articles presented a view that in order to produce business values of hotels through its information systems; they must ensure efficient delivery of this system through its attributes. Tarigan and Putri (2015) revealed such AIS attributes include documentation availability along with ease of use. The articles explained that use of accounting information system enhances the internal control system within hotels of Indonesia that can further enhance service delivery process of hotels.
Accounting Information System has been very important for the hospitality industry. In such businesses, the whole process depends on Information Technology (IT), beginning from customer search to fulfillment of their needs. Hence, in hospitality industry, investment in information technology tools is quite imperative in order to run the processes smoothly and efficiently. It has been observed that in Jodhpur hospitality industry, the use of technology has been on pace, replacing the traditional process in so as to improve their service and increase efficiency and productivity.
Accounting Information System has played an important role in this industry as all of the economic data, be it financial or non-financial, is transformed into the accounting information for needs of various users. The implementation of the same across the Indonesian hotels has allowed the accounting demand of those hotels to guide other departments regarding the procedures. Moreover, it has also been learned that integration of Accounting Information System with Information System Sophistication (ISS) can enhance the benefits of the AIS as a whole. However, in most of the hotels and restaurants, it has been observed that they have been using the various accounting systems but a deeper penetration of AIS is needed within the market to enhance the work quality. It has also been seen that accounting-based application is used in hotels are for accounts receivables, payables as well as payroll.
Considering the current competition in market, the Turkish hotels are using various accounting systems as well such as MYOB, Xero, Quick books, Fresh books and Zoho books. However, there are very little differences among them as most of them serve the same idea. In this context, integration as well as automation of accounting functions is what provided by all of them. Turkey being a developed nation has fully shifted to accounting systems and is efficiently using the same.
From analysis of the selected four articles it has been gathered that there are certain limitations in this current research that must be addressed in the future research. The themes explained from the four selected articles failed to explain that the hotel industries are dealing with issues concerned with the proper implementation of accounting systems within the hotels of Australia. These articles also presented a gap in explaining the expenses in implementation of accounting information systems along with the management’s contribution in making relevant investment decisions that facilitates the Australian hotels in taking investment decisions on organizational performance improvement. Previous researches just focused on explaining accounting standards followed in hotels of Jodhpur, Turkey and Indonesia. Various previous reasechers were just limited to explain the accounting standards followed by hotels in selected nations and very less research is available on accounting systems used in Australian hotels. Considering this research gap, the future research will focus on explaining the development of the accounting information systems that can increase the human resource rehabilitation within the hotels of Sydney, Australia. The future research will also focus on explaining the ways in which managers develop the capability of understanding the business environment along with related activities.
References
Jawabreh, A. A. O., 2018. [online]. The Impact of Accounting Information System in Planning, Controlling and Decision-Making Processes in Jodhpur Hotels. Available at: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.699.4334&rep=rep1&type=pdf [Accessed 7 May 2018].
Esmeray, A., 2016. The Impact of Accounting Information Systems (AIS) on Firm Performance: Empirical Evidence in Turkish Small and Medium Sized Enterprises. International Review of Management and Marketing, 6(2).
Jawabreh, O.A., Mahmoud, R.M. and Al Momani, E., 2017. Using Financial Analysis Methods in the Hotel Sector for the Purposes of Planning and Monitoring Case Study Al Zaitonia Hotel. International Journal of Economics and Financial Issues, 7(4).
Tarigan, J. and Putri, F.E., 2015. The Usage of Accounting Information System in Hotel and Restaurant Management: An Evidence from Indonesia. The Journal of Applied Business and Economics, 17(4), p.105.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
