Project Title: Implementing an Accounting Information System for a Small Business

Objective: The objective of this project is to provide students with a practical understanding of how to design and implement an accounting information system (AIS) for a small business.

Requirements:

Select a small business with a manual accounting system or an outdated accounting software.

Conduct a thorough analysis of the business's current accounting processes and identify areas where an AIS can improve efficiency and accuracy.

Design and implement a customized AIS for the business, incorporating relevant accounting principles and best practices.

Project Deliverables:

Part I. Project Proposal

Introduction: Briefly introduce the small business and the project objectives.

Current Accounting System: Describe the current accounting system used by the small business and its limitations.

Objectives: Explain the objectives of the AIS implementation project, such as improving accuracy and efficiency of financial reporting.

Scope: Define the scope of the project, such as which accounting processes will be included and which won’t.

Areas for Improvement: Identify areas for improvement in the current accounting system, such as the need for better reporting or increased automation.

Solution: Recommend a solution that addresses the areas for improvement identified in the analysis.

Part II. AIS Design Document:

The AIS design document outlines the design of the accounting information system, including data flows, system architecture, user interfaces, and security features. The design document should provide a clear understanding of how the AIS will support the business's accounting processes. Example components of an AIS design document could include:

Overview: Provide an overview of the AIS, including its purpose, functionality, and benefits.

Data Flows: Describe how data will flow through the AIS, from data entry to reporting.

System Architecture: Describe the technical architecture of the AIS, including hardware and software components.

User Interfaces: Describe the user interfaces of the AIS, including data entry forms, reports, and dashboards.

Security Features: Describe the security features of the AIS, such as user authentication and access controls.

Part III. Video Presentation

Create a video presentation that is 10-15 minutes long. The video should cover the key components of the project, including the project proposal and the AIS design document. You can use any video recording software that you prefer, and make sure to speak clearly and concisely.

In the video presentation, students will learn about the importance of AIS in accounting and finance, as well as the steps involved in designing and implementing an AIS for a small business. The presentation will cover the following topics:

1 Introduction.

Briefly introduce the project and its objectives.

Introduce the small business and the current accounting system.

2. Analysis of Current Accounting Processes

Describe the current accounting processes and their limitations.

Identify areas where an AIS can improve efficiency and accuracy.

3. AIS Design Document

Provide an overview of the AIS, including its purpose, functionality, and benefits.

Describe how data will flow through the AIS, from data entry to reporting.

Explain the technical architecture of the AIS, including hardware and software components.

Demonstrate the user interfaces of the AIS, including data entry forms, reports, and dashboards.

Discuss the security features of the AIS, such as user authentication and access controls.

4. Implementation and Results

Discuss the implementation of the customized AIS for the small business.

Demonstrate the new system in action.

Highlight the improvements in efficiency and accuracy of financial reporting.

5. Conclusion

• Summarize the key points of the presentation.

• Emphasize the importance of implementing an AIS for small businesses.

Content Submission:. Your submission should include the following documents:

• Project Proposal (Part I)

• AIS Design Document (Part II)

• Video Presentation (Part III)

File Formats: Save your project proposal and AIS design document as a PDF file. Save your video presentation in a compatible format such as MP4 or MOV. Additionally, the link to the video presentation must be saved in Google Drive to facilitate easy access and sharing.