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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
JANURAY 2011
VOL 2, NO 9
- The system should retrieve quantity and descriptive data stored on a database rapidly and
accurately when needed .
- The system shall be sufficiently elastic and easily developed and upgraded to fit with
changes occurring to the entity (Al-Dahrawi, 2000 ( .
Enablers of Accounting Information Systems (AIS ( :
It is worth to note that there are many basic aspects "enablers" that should be considered by
system analysts to be able design and develop an efficient and effective accounting systems.
The enablers that form cornerstone of an Accounting Information System (AIS) include :
- Identify data preparation cycle in an Accounting Information System (AIS)
- Stating goals and objectives of an Accounting Information System (AIS)
- Familiarity with the environment of an Accounting Information System (AIS)
- Identify communication network of the Accounting Information System (AIS)
- Identify components of the Accounting Information System (AIS)
- Identify control mechanisms of the Accounting Information System (AIS) (Hajar, 2001).
The earlier discussion indicates that Accounting Information Systems (AIS) analysts and
designers need to have sufficient background knowledge on how to prepare and manage
preliminary data and transform them into meaningful information to accomplish system
objectives. It is necessary first to set goals of the bank to be able identify goals of the
accounting system, which in turn leads to design an effective and efficient accounting system
that is capable to produce information meet the needs of different stakeholders whether inside
or outside the bank .
As an open system, every enterprise or bank should have communication with the
environment in which it is found. The communication with environment of an Accounting
Information System has two levels; internal and external that ensures effective deal with
various variables and sustainability of activities. The communication networks provide the
system with inputs, whereas assign outputs to differing stakeholders .
Accounting Information Systems (AIS) could not undertake its activities and functions easily
without involving their material and immaterial components that combine together to
accomplish the intended goals. Further, to protect data dealt with by the bank, the control
department should be familiarized with Accounting Information Systems (AIS). Major
processes that need to be under strict control include protection of bank assets, using available
resources effectively and efficiently, and recording events sequentially.
7. Objectives of the Accounting System at Commercial Banks
Objectives of accounting systems at commercial banks include (Karaja, 2001):-
� Performing jobs accurately
� Proper achievement and accuracy
� Cost-effectiveness if bank's accounting system was flexible enough and easily
operated to fit with computer-related technologies.
� Applying the principle of internal control
� Achievement of financial reports and statements that are required for the bank and
Central Bank.
8. Internal Control
8.1 Meaning of Internal Control
Internal Control is referred to as a set of systems, procedures and methods followed by
administrators to protect enterprise assets and to ensure accuracy or financial data, increase
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