final quiz # 2

Finals Question #2

A company may adopt specific computerized database system according to their unique needs after thorough MIS planning. However, it has to be noted that MIS if properly planned, and implemented, benefits can be immeasurable on the other hand, if this is misused, then it may mean information or financial losses and opportunity and resources wasted.

From this, answer the following.

1.0.a Research one international company from the Internet and describe their MIS strategic plan in 1-2 paragraphs.
ans: BDO Bank-Their professionals work with clients to develop practical solutions to business and policy issues. they do not impose their ideas on clients, but rather assist them in succeeding by paying attention to their particular needs, and providing the relevant expertise for each case. and their specialists have in-depth understanding in a variety of business and functional areas.
However, and ensure that each of their clients deals with a single partner who facilitates the coordination/channeling of services and resources to best meet their needs. In this way, a clients gain direct access to our worldwide specialists and resources, without the difficulties and complexities of having to deal with different individuals or offices. When quoting for our advisory assignments, we first discuss the scope of our work, and agree with our clients the extent of their commitment, and the necessary stages at which they will be reviewing our results. Upon completion of our assignments, we specifically advise our clients on ways of solving their problems.

references:http://www.bdoegypt.com

1.0.b Discuss too the impact of this strategic plan on the company's management,
competitors, customers and the company as a whole.

ans:

A company is like a symphony orchestra, where various sections (departments) must work harmoniously in order to deliver superior results.

A strategic plan is the sheet of music, providing clarity of purpose and aligning work teams in the pursuit of a common set of objectives, to optimize revenue and profit.The challenge in many organizations is that managers struggle with providing linkages between their strategic plan and value drivers that impact profitability. The fundamental issue is that most companies do not have a systematic approach to implementing strategy. Any strategy is only as good as an organization's ability to cascade various strategic initiatives throughout all levels of the enterprise and tie the responsibilities of employees with value driven tasks, activities, and projects that impact revenue and profit.

references:http://www.allbusiness.com/

2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.
2.0.b Discuss too the possible effect on the company.

ans:The possible effect of MIS in the company is that it can make better and faster decisions and provides timely and accurate information for decision making. Perhaps if more companies are able to fully integrate the finance, marketing, production and personnel functions into an integrated corporate simulation model, they will be better able to determine the effects that changes in internal or external phenomenon will have on their organization.Aside on it the MIS may providing information to support operations, management and decision making functions in an organization. The system utilizes computers, manual procedures, models for analysis, planning, control and decision making, and a database'.

references: wikipedia.com

3.0.a What is an Accounting Information System?

ans: Accounting Information System
is the system of records a business keeps to maintain its This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information. And most businesses now use accounting software. In an electronic financial accounting system, the steps in the accounting cycle are dependent upon the system itself. For example, some systems allow direct journal posting to the various ledgers and others do not.

references: http://en.wikipedia.org/wiki/Accounting_information_system

3.0.b Identify or list down different accounting information systems used.

ans: Heres the following list of accounting information system used

promote an understanding of the role of corporate accounting information systems in the maintenance, regulation and control of business related resources, develop an appreciation and understanding of the practical issues and organisation problems involved in managing contemporary accounting information systems, promote an understanding of the political contexts of contemporary accounting information systems, deploy systems thinking, control theories, and information theories as an integrated conceptual framework for understanding the contemporary nature of corporate accounting information systems, develop a recognition of the importance of information and communication technology in corporate accounting information systems management, development and design,from architectures, topologies and networks to systems analysis, development and design, Corporate Accounting Information Systems provides students at all levels with a rigorous and lively introduction to the use, analysis and movement of accounting information within the business environment.

references:http://www.pearson.ch/HigherEducation/

3.0.c What are the benefits by the management, users and customers derived from these AIS?

ans: The benefits by the management,users and customer is that to provides vital access to our update and support services. it is also AIS provides two major software releases annually, comprising the latest application library, airport services revisions, revised user manuals, plus documentation describing system enhancements. Interim releases containing system enhancements, new custom work, and other features are installed on the AIS Web site each quarter, and may be downloaded at user discretion. . In this way, users can collectively influence the future direction of MILLENNIA without adversely impacting their fellow clients. MILLENNIA,means that is the result of a five year development cycle that leveraged a feature list garnered from AIS’ wide ranging client base and fueled by AIS' commitment to enhance our programs as technological advances are revealed and the aviation industry continues to serve notice of their growing business requirements.

refernces:http://www.ais-software.com
3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?

ans: Cosgrove Computer System, Inc.- has associates in information services development and support, financial analysis and auditing, software security and strategic alliance management. These experts are available on an as-needed basis to accomplish the objectives of any given project in either division.The Damages of it those members has Unacceptable performance or quality ,Disputes involving computers,Key issues involving complex technology and Critical evidence resident in computer which really can give a problem.

references: http://www.hgexperts.com/