Accounting information system is one of the basic things that a business must think about. Karthikeyan, (2010) defines accounting information system as the data and information which flow through an information system come from many sources: firstly, business activities with individuals or organizations external to the business, secondly, internal business activities thirdly, the feedback resulting from output information and managerial decisions.The developments in accounting information technologies, together with globalization, have produced such concepts as “new economy”, “e-commerce” and “new accounting”. These developments have helped in saving time and money and also reduced the costs by accelerating transactions and communication.These above-mentioned developments and changes in accounting information system, applications and profession inevitable have lead to a change in the demands of the society and the expectations of the members of accounting profession are increasing.Despite the fact that business units have used modern management techniques, which require tremendous change in production methods and machinery, appraisal systems still face severe criticism