Running Head: Planning Report AssignmentPLANNING REPORT ASSIGNMENT“Decorate Your Home”Student Name: Alina ShresthaStudent ID: 9832491Planning Report AssignmentExecutive SummaryThe given assignment is a planning report that analyses the outcomes of AccountingInformation system for the business company “Decorate Your Home”. In addition to that thereport states about the opportunities and the risk associated with the Decorate your home in thecurrent market provision.2Planning Report AssignmentTable of ContentsIntroduction ………………………………………………………………………………………………………………..3Describing start up ………………………………………………………………………………………………………3AIS features………………………………………………………………………………………………………………..3Risk and opportunities………………………………………………………………………………………………….4Risk………………………………………………………………………………………………………………………..4Opportunities …………………………………………………………………………………………………………..4Conclusion………………………………………………………………………………………………………………….4Reference List …………………………………………………………………………………………………………….53Planning Report AssignmentIntroductionAccounting information system (AIS) is a structural procedure that a business uses forcollecting, processing, managing and storing and reporting its data regarding the finance sothat these can be used by business analysts, accountants, chief consultants and managers etc.This assignment sheds light on the AIS implementation in the home decoration process of thecompany Decorate Your Home.Describing start upDecorate Your Home is an online platform which gives services to the people by deliveringthe home decoration items. This is a real-world company undertaken that has tried toimplement entire strategies of AIS that are needed to run the company smoothly. All thetransactions by the company are kept in check with regular monitoring of errors and faults.Decorate Your Home also gives documentary proofs to its customers on transactions. Thecompany does not follow a legacy business it has a large firm where thousands of employeeworks. The importance lies in that the company follows a new economy on social media. Thecompany keeps on developing new plans for better information sources. All these strategiesfacilitate the company’s goodwill and also provide better service outcomes.Figure 1: Accounting Information System strategy(Source: Okaily et al., 2020)4Planning Report AssignmentAIS featuresAccounting Information System (AIS) is a structural procedure that a business uses forcollecting, processing and managing data. There are certain features of Accounting InformationSystem strategies that make its high demand among the business companies. As per theopinions of Andarwati et al. (2018), a good system of accounting helps to make businessdecisions better with information that is easily approachable. The main feature that thecompany would like to implement is reliability as the information is error free and also hasrelevance on the given plans and information that are very necessary. According to Al-Okailyet al. (2020), the accounting information system provides relevant data and information thatare useful for companies. In case the system of accounting is user friendly, it is automaticallyeasy to understand for everyone and the company will be less prone to error. A great systemof accounting has the facility to access those reports that the company may apply as it gives thefacility of comparing across other business units.Risk and opportunitiesRiskThe Accounting Information System has certain risks that include creation of illegal problems.Regarding the company it may face such problems like deleting as well as accessing files bywrong individuals. It would hamper the reliability and relevance of the information providedby the company. Hence, Home Decoration Organisation may face corruption of the program’slogic by action of viruses.OpportunitiesThe Accounting Information System gives certain opportunities for the company. This systemgives credibility and relevance that would prove the company’s transparency and enhancegoodwill (Ladan Shagari, Abdullah & Mat Saat, 2017). Besides system also helps in collectingand supplying useful information that would help in framing of valuable decisions. Thus,these are the opportunities that Home Decoration organisation can utilise in its current businessformat.ConclusionThe Accounting Information System is a developed technology undertaken by the companiesto collect, manipulates, modify and organise the data. The company, Decorate Your Homewould provide enhanced services to its customers by applying these strategies as it facilitates5Planning Report Assignmentcompany’s authenticity. Thus, it can be stated that the implementing accounting system processthe company might achieve more success.6Planning Report AssignmentReference ListAl-Okaily, A., Al-Okaily, M., Shiyyab, F., & Masadah, W. (2020). Accounting informationsystem effectiveness from an organizational perspective. Management ScienceLetters, 10(16), 3991-4000. Retrieved on: 10th April, 2021, from:http://growingscience.com/msl/Vol10/msl_2020_234.pdfAndarwati, M., Nirwanto, N., & Darsono, J. T. (2018). Analysis of factors affecting thesuccessof accounting information systems based on information technology on SMEmanagementsas accounting informationend user. EJEFAS Journal, (98), 97-102.Retrieved on: 10th April, 2021, from:http://eprints.unmer.ac.id/77/1/Analysis%20of%20factors%20affecting%20the%20successof%20accounting%20%20information%20systems.pdfLadan Shagari, S., Abdullah, A., & Mat Saat, R. (2017). Accounting information systemseffectiveness: Evidence from the Nigerian banking sector. Interdisciplinary Journal ofInformation, Knowledge, and Management, 12, 309-335. Retrieved on: 10th April,2021, from:http://repo.uum.edu.my/27385/1/IJIKM%2012%202017%20309%20335.pdf
