Authors :
Murtaza Hussain Shaikh; Fawad Mustafa; Barry Glenn Bishop; Mian Ahmed Zeb
Volume/Issue :
Volume 7 - 2022, Issue 3 - March
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3CTPHW9
DOI :
https://doi.org/10.5281/zenodo.6366729
Abstract :
With the vast amount of data, and databases
across the globe being used in all facets of human life, we
can say this century is known as the information era.
The qualitative features of accounting information
systems are important because they make it easier for
both company management and local investors to utilize
a company’s financial recitals to make well-informed
choices. This study attempts to elucidate the information
quality in accounting systems, specifically with Haines
Watts financial corporation in London, the United
Kingdom, as a case study. This article presents real-life
data regarding the role of accounting information in
making economic decisions at different levels by its users
at Haines Watts via analyses of its accounting standards,
the current level of implementation, and overall
accounting practices. Indeed, the necessity for a wellorganized information system is imperative with today's
economic and technological advances. Therefore,
information quality is becoming more prominent in
providing data to enterprises while undertaking
planning and controlling tasks. The aim of this study is
to address the qualitative characteristics and attributes,
as well as their limitations. The focused area is
accounting and management information systems. Poor
quality information inevitably comes from errors made
with computer software programs and human errors,
and this poor-quality information affects companies’
decision-making processes which is crucial for the future
outlook and reputation of the company. The purpose of
this article is also to review the impact of qualitative
characteristics of accounting information on the
decision-making processes with real-life examples;
furthermore, this study has no direct implications for
legal accounting practices, but it may offer several
guidelines as a basis for prospective scholarly studies on
accounting information accuracy inside the international
financial domain.
Keywords :
Information Quality; Accounting System; Parameters; Decision- Making; Management.
With the vast amount of data, and databases
across the globe being used in all facets of human life, we
can say this century is known as the information era.
The qualitative features of accounting information
systems are important because they make it easier for
both company management and local investors to utilize
a company’s financial recitals to make well-informed
choices. This study attempts to elucidate the information
quality in accounting systems, specifically with Haines
Watts financial corporation in London, the United
Kingdom, as a case study. This article presents real-life
data regarding the role of accounting information in
making economic decisions at different levels by its users
at Haines Watts via analyses of its accounting standards,
the current level of implementation, and overall
accounting practices. Indeed, the necessity for a wellorganized information system is imperative with today's
economic and technological advances. Therefore,
information quality is becoming more prominent in
providing data to enterprises while undertaking
planning and controlling tasks. The aim of this study is
to address the qualitative characteristics and attributes,
as well as their limitations. The focused area is
accounting and management information systems. Poor
quality information inevitably comes from errors made
with computer software programs and human errors,
and this poor-quality information affects companies’
decision-making processes which is crucial for the future
outlook and reputation of the company. The purpose of
this article is also to review the impact of qualitative
characteristics of accounting information on the
decision-making processes with real-life examples;
furthermore, this study has no direct implications for
legal accounting practices, but it may offer several
guidelines as a basis for prospective scholarly studies on
accounting information accuracy inside the international
financial domain.
Keywords :
Information Quality; Accounting System; Parameters; Decision- Making; Management.
