Optimization of Accounting Information System for O Manufacturing Company

Jia Yu ()
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Jia Yu: Sichuan University, Business School

A chapter in Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), 2023, pp 803-812 from Springer

Abstract: Abstract Due to the spread of COVID-19, manufacturing companies are confronted with an increasingly intense market competition in the present day. In order to survive this challenging environment, many manufacturing companies are investing in smart manufacturing factories and introducing information management systems to promote their development of the entities. Accounting information system is an important component of the business information management system. The present study analyzes a Chinese manufacturing company O as an example. This company is in the process of transforming into a smart manufacturing company, and the company’s existing accounting information system cannot support its development. To solve this problem, an accounting information system based on the REAL model (Resources, Events, Agents and Locations) is proposed to help the company gain competitive advantages in the market. The results suggest that the proposed system has the compacity to address the major challenges of the current practices, data duplication and decentralized data storage. Furthermore, production cost estimation can be improved using an activity-based costing method. Overall, the REAL model can be adapted into an effective accounting information system to enhance business data management.

Keywords: accounting information system; REAL model; Activity-Based Costing (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-054-1_87

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