Although some people think that accountants should concentrate on creating financial
statements and hand off the design and creation of managerial reports to information
technology specialists, there is no clear benefit to accountants concentrating only on the
financial data. The creation of managerial reports should actively engage accountants. If
accountants were permitted to participate in the development of managerial reports, the
information needed could be considerably more organized with their help in the layout and
style of the reports. Additionally, the business would suffer because running two separate
systems would be highly expensive; instead, it would be better if there was just one system
that recorded and processed operational data concurrently with reporting financial data.
If accountants only focused on the development of financial statements, this would have the
additional drawback of ignoring a great deal of information that would be pertinent to the
organization's activities and accountants. The accountants would be considered as much less
useful because there is little to no need for them in that aspect because there is so much non-
financial information that is dealt with on a daily basis in firms, such as customer happiness.
Therefore, if the pertinent information was not generated through accounting information
systems, those in charge of it may not have received the necessary training, which could lead
to others viewing it as unreliable.
References
Accounts' Role in The Accounting Information System- Investment & Small Business
Accountants. Retrieved from http://accountantnextdoor.com/accountants-role-in-the-
accounting-information-system/
Romney, M., Steinbart, P., Summers, S., Wood, D. (2021) Accounting Information System
(15e) Pearson, Prentice Hall.
