Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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Optimization of Accounting Information System for O Manufacturing Company

Based on the REAL Model

Authors
Jia Yu1, *
1Business School, Sichuan University, Chengdu, China
*Corresponding author. Email: yujia_0831@163.com
Corresponding Author
Jia Yu
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_87How to use a DOI?
Keywords
accounting information system; REAL model; Activity-Based Costing
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
978-94-6463-054-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_87How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jia Yu
PY  - 2022
DA  - 2022/12/14
TI  - Optimization of Accounting Information System for O Manufacturing Company
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 803
EP  - 812
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_87
DO  - 10.2991/978-94-6463-054-1_87
ID  - Yu2022
ER  -