During the latest years, IT governance has become more and more important. More of the attention on IT Governance is captured by compliance, owing to the recent financial scandals and the severe rules regarding information systems audit and control. Companies need to comply with these rules, but it requires important investments, considered not only strategic but necessary (Remenyi et. al. 2000). However, companies should analyse the compliance requirements to implement an IT governance system, not only to comply with legal rules, but also to improve the strategic alignment between IT and business and to optimise value creation by IT compliance investments (Ventrakaman and Henderson 1996, Van Grembergen 2003). However, companies have difficulties in implementing IT compliance initiatives, because they are complex and require an integrated approach all over the organization. But IT compliance initiatives often lack an integrated, strategic approach: they only try to comply with the increasing rules affecting IT operations, thereby limiting the value of compliance investments. To optimise IT compliance, companies should develop an IT compliance strategy, aiming not only to accomplish with regulations, but also to bring processes into compliance. That is, to realise a full integration between operations, risk control, data reliability. To reach this result, compliance automated solutions are indicated, like GCR (Governance, Risk and Compliance) applications. However, standard solutions fail to support specific problems and the individual value proposition of each company: an EIMS (Enterprise Information Management Systems), developed in house, allows automatically managed processes, data and information security, to access control and system performance and to improve data usability, in accordance with company specific organisation and needs. In this paper, IT compliance is introduced, to define how to orient it to value creation; GRC systems. EIM systems are described, with their different cost and benefits for companies. The aim of the paper is to define how to develop compliance automated systems, to save money and enhance information integration and value. Observations and conclusions derive from practical experience of the author, participating to a project of EIM implementation in a major Italian company.
Keywords: IT governance, risk management, accounting information systems, IT compliance, knowledge management
The Five‑dimensional Reflective Cycle Framework for Designing Financial Information Management Systems Courses pp241-254
Abstract: Financial Information Management Systems (FIMS) or Accounting Information Systems (AIS) is a cross‑discipline subject, often taught by Computing and Accounting disciplines. In recent years, demand for this subject has grown. However, educato rs have lamented high failure rates among AIS students; professional bodies have reported that graduates lack sufficient meta‑cognitive knowledge of information systems to perform their tasks. Students have reported that their knowledge of databases, ente rprise resource planning and relevant technology topics is lacking. Quality teaching of FIMS or AIS requires instructors to actively update their knowledge of accounting systems and information technology as well as to reflect on their teaching techniques . Reflection and reflective practices are taught within the education discipline, and have grown in popularity among many other disciplines. Yet little has been written about how accounting and IT professionals reflect on their practice and how they apply their reflections to their teaching. Through our case study at an Australian university, we discuss (1) the rationale for the importance of constructivist theory, cognitive load theory, reflective and action‑research in teaching and learning, (2) Blo om⠒s Revised Taxonomy, (3) the application of Bloom and the reflective concept for the design and delivery of FIMS courses, (4) reflection on our strategies for applying these concepts (5) how reflective professionals can assist instructors in t he design and delivery of FIMS courses and, (6) how the proposed five‑dimensional reflective cycle framework can assist academics in the design of AIS courses. Our study supports the view that reflection, within the proposed framework, is an effective strategy; and that Bloom⠒s Revised Taxonomy and the PEER Model are tools which can assist instructors to teach FIMS and AIS courses in a way that enhances participant⠒s learning abilities. We present a five‑dimensional reflective cycle framework t hat facilitates reflective practice among academic and prof
Keywords: Keywords: constructivist theory, Blooms Revised Taxonomy, active learning, five-dimensional reflective cycle framework, evaluation, financial information management systems, FIMS, accounting information systems, AIS
A Heuristic Approach to the Adoption and Implementation of Activity Based Costing Information Systems pp59-76
Abstract: For successful implementation of Activity Based Costing (ABC) information systems, like any other Accounting Information System (AIS), there are several key points to be considered. Several researchers have studied factors influencing succes s in various stages of Activity Based Costing Information Systems (ABCIS) development. However, a gap in the literature concerns a lack of research for the development of a taxonomy of heuristic principles for better implementation and successful utiliz ation of ABCISs. This paper offers a detailed analysis of ABCISs by: (i) reviewing literature studies in order to build a more exhaustive list of success factors of ABCIS. Twenty primary and twenty‑two secondary success factors are identified; and (ii ) running four rounds of grounded action research through interviews in a case study of a bank. Twenty‑seven heuristics for the successful implementation of ABCIS are derived. Finally, the paper demonstrates the extent to which each heuristic may address each main success factor. Implications of the results for researchers and practitioners are subsequently proposed.
Keywords: Keywords: Activity-based Costing, ABC, Activity-based Costing Information Systems, ABCIS, Accounting Information Systems, AIS, Heuristics.