Final Project AIS

Steps to be taken:

1. Identify at least 3-4 SMEs located near you. In other words, since you are in a group of 3 -4 members each member will select one SME company and perform a survey and an interview with the owner or management executive of the company.
2. Use the questionnaires survey and interview protocol (see attachment 1 & 2) to collect demographic information about respondents, to identify how accounting information was processed within the SME, how information technology was being utilized by the SMEs, in particular with regard to the collection and preparation of financial information and, the background to the decision whether to adopt information technology within the SMEs Accounting Information System, and the benefits that might be obtained from the use of information technology in processing accounting information.
3. The survey should be followed by interviews (use interview protocol in attachment 2) in order to enrich understanding on the use of Accounting Information Systems. Record and transcribe the interviews.
4. Write a final report that content the following:
   1. Biodata of Group Members
   2. Background of the company - demography
   3. Do SMEs utilize technology within their accounting information systems? Why? Investigate the use of the accounting information system (AIS) by SMEs with a particular focus on the internal control system, application of technology, and risk management practices.
   4. What are the internal control procedures adopted within the accounting information system by the SMEs? What are the risk management practices adopted by the SMEs to safeguard the accounting information system? Explain and address the strengths and weaknesses of the internal control system in the management of risk in the SME.
   5. Is the information generated within the accounting information system able to meet the decision-making requirements of the SME? Explain the use of technology within the AIS as an approach to improve decision making, the internal control system and the management of risk in the SMEs.
   6. Summary and Lessons Learn.