UNIVERSITY OF ECONOMICS AND LAW
Faculty of Information Systems
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REPORT
ACCOUNTING INFORMATION SYSTEM
Topic: E-Commerce Business and Accounting problems in
E-commerce
Lecturer: MSc. Vũ Văn Điệp
Group members:
1. Đinh Hoàng Duy K194060844
2. Phan Kỳ Khánh Chiêu K194060843
3. Phan Quang Minh Long K194060852
4. Nguyễn Hà Thy K194060876
5. Nguyễn Ngọc Phương Uyên K194060879
Ho Chi Minh City, August, 2022
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Table of Contents
1. Overview E-commerce and Accounting Information System (AIS) 3
1.1. E-commerce 3
1.1.1. Definition 3
1.1.2. Types of E-commerce 3
1.1.3. The benefit of E-commerce 4
1.1.4. E-commerce in Vietnam 4
1.2. Accounting Information System (AIS) 5
1.2.1. What is an AIS? 5
1.2.2. How can an AIS add value to an organization? 6
1.3. Accounting information system in e-commerce enterprises 7
2. Problems with accounting information systems at enterprises 8
2.1. Problems related to information security 8
2.1.1. Confidentiality of customer information 8
2.1.2. Security of information systems in enterprises 8
2.2. Risk of external intrusion and viruses transmitted through the network 8
2.3. Risks in the process of managing business information 9
2.3.1. Providing inaccurate information 9
2.3.2. Inaccurate inventory information 9
2.3.3. Risks in the process of changing orders after placing orders 9
2.4. Risks in payment 9
2.5. Revenue recognition problem 10
2.6. Ensuring the effectiveness and reasonableness of accounting information in e-
commerce 10
3. Solution 11
3.1. Information security 11
3.1.1. Security of customer information 11
3.1.2. Security the information system, prevent fraudulent actions when
accessing the information system 12
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3.1.3. Develop measures to prevent outside intrusions and viruses transmitted
through the network 12
3.2. Ensure that electronic systems for transmitting, receiving, and processing
customer order information operate efficiently and provide accurate information. 12
3.3. Inaccurate inventory information 13
3.4. Change order after placing an order 13
3.5. Risk in payment 13
3.6. Revenue recognition problem 13
3.7. Ensuring the effectiveness and reasonableness of accounting information in e-
commerce 14
REFERENCES 15
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1. Overview E-commerce and Accounting Information System (AIS)
1.1. E-commerce
1.1.1. Definition
Ecommerce, also known as electronic commerce or internet commerce, refers to the
buying and selling of goods or services using the internet, the transfer of money and
data to execute these transactions. E-commerce is based on some technologies such as
electronic money transfers, supply chain management, Internet marketing, online
transaction processing, electronic data interchange (EDI), management systems
inventory, and automated data collection systems.
Simply defined, e-commerce is transactions conducted on the Internet between
businesses and customers buying and using goods and services, or between businesses.
1.1.2. Types of E-commerce
Classifying e-commerce according to the objects involved in the transaction, there are
many different e-commerce models in the world today. Here are some e-commerce
models that have been developing.
● Business-to-Consumer (B2C): Is an e-commerce model between businesses and
consumers. The most common application of this model is shopping for goods
and services, managing personal finances.
● Business-to-Business (B2B): Businesses will conduct the exchange of goods,
services and information with each other via fax and the internet. The main form
of B2B e-commerce model is sales and business support for businesses directly
online; procurement of raw materials for the production process from suppliers
or through auctions; or a news site that provides information about a business
product.
● Consumer-to-Consumer (C2C): Is a model of e-commerce between consumers.
This model allows consumers to trade directly with each other.
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1.1.3. The benefit of E-commerce
• Market expansion: The market in e-commerce is a global market without
borders. Thanks to the internet connection, organizations can quickly access all
markets, large and small, across the globe.
• Cost reduction: One of the biggest advantages of ecommerce to businesses that
keep sellers interested in online selling is cost reduction. Many sellers have to
pay lots to maintain their physical store. In many cases, even after investing in
services, stock, maintenance and workforce, sellers don’t receive desired profits
and ROI.
• Affordable advertising and marketing: Sellers don’t have to spend a lot of
money to promote their items. The world of ecommerce has several affordable,
quick ways to market online. Ecommerce marketplaces are visual channels – and
sellers can really show off their product.
• Several payment modes: help consumers and businesses reduce significantly
transaction time and cost.
• Helping businesses understand information about the market and partners.
• Quickly and effectively reach the target customer market, thus meeting all
customer needs in the best way.
• Facilitating the establishment and strengthening of relationships between the
actors involved in the trade process.
1.1.4. E-commerce in Vietnam
Many enterprises have organized the deployment of e-commerce applications at various
scales and levels from equipping computers, connecting to the Internet in different
forms, exploiting basic applications of e-commerce such as electronic mail, using
software for production, business, ...
A part of Vietnamese consumers in big cities are quite familiar with buying a variety of
goods and services through e-commerce websites such as airline tickets, electronics,
mobile phones, computers, books, tours, hotel rooms...