Improving Transactional Processing in Accounting Information Systems Research Paper

Improving Transactional Processing in Accounting Information Systems - Research Paper Example Transaction is an instance of doing business of any kind and may include buying of stocks from a security market and consumable goods at from a retail shop. In all the instances, there is exchange of money for goods or services. During the transactions, the need to keep the record of transactions increases, in order to be able to monitor the performance of the business. Businesses have adopted several strategies of maintaining their records, preparing forms and reports for financial purposes such as tax among others (Mattessich, 1998). These records are a part of the entire Information System maintained by a business. For a business to remain in market there must be a well set out Information System that enables all the stakeholders to interact with, and benefit from the available information. These systems have further been adopted into accounting due to efficiency, in some cases due to integrity. There has been an upward development of how accounting is carried out since the dawn of civilization. These changes have been necessitated by the tremendous growth of business transactions. Sometimes, the changes have been as a result of complexities involved in these transactions (Mattessich, 1998). With the emergence of technology in the past years, business operations have been affected. This includes how transactions are handled and the parties that are involved. It is however important to note that although technology may be disadvantageous in some cases, its adoption has greatly improved operations of businesses in general and more benefits can be realized should technology be monitored effectively (CBS Library, 2011). From the old days of Mesopotamia, ancient people kept records of businesses using clay tablets where they inscribed details of transactions (Mattessich, 1998). The inefficiency of such record keeping has over the years, pushed people to develop new methods