CERCADO, GERAN KEARN L.

ACC 225 12:00-2:00PM

BSA-2 March 2, 2021

Part 1
What do you think is this reading’s most important contribution to the subject/topic?
How can these ideas and contentions be applied to your work environment?
- “Accounting information must be understandable. This is an important qualitative
characteristic for small business owners as many of them do not have strong accounting
background. Financial information that is too technical or cannot be understood by a
layperson can be ineffective for business owners. Business owners need accounting
information that is applicable to the business decision at hand. Accounting information has
to relate to a specific time period and contain information regarding individual business
functions that will enable business owners to conduct a trend analysis when reviewing
financial information”. An accounting information system's aim is to provide data that is
important, significant, reliable, useful, and relevant. To accomplish this, the system is
developed and built in such a way that transactions can be entered instantly and information
can be accessed quickly and conveniently online. These ideas and contentions can be applied
to our work environment by being mindful, careful and efficient. It helps us, as accountants
in the future to make a proper preparation of reports for the purpose of communicating
important information for decision making. It helps us to process data quickly, effectively
and efficiently.

Part 2
Do you agree or disagree with what you have highlighted from the reading? Expound
on your position.
-Yes, I agree. The reading’s most important contribution to this subject/topic is that it gives
importance of the Accounting Information Systems. It talks about the difference of the
Accounting Information System in the past and in modern times. Financial report’s
authenticity is extremely essential for good management. It is important for the report to
be accurate so that no omissions will happen. It is our duty as accountants to be efficient on
our task and also to be mindful of the documents we are recording. And that’s why it is
important that the accounting information is understandable so that it is useful to the
financial users. It is important for us accountants to make sure that financial statement
does not mislead.