вторник, 12 марта 2019 г.
Accounting Information Sytems
Wikipedia An score selective learning dodge (AIS) is a system of collection, storage and treat of financial and method of accounting selective information that is used by decision sufferrs. An accounting information system is in the main a computer-establish method for tracking accounting activity in confederation with information technology resources. The resulting statistical reports stooge be used intern every(prenominal)y by guidance or externally by other interest parties including investors, creditors and tax authorities. The actual physical devices and systems that allows the AIS to operate and perform its functions 1. Internal controls and auspices measures what is implemented to safeguard the data 2. Model Base counselThe collection, storage and processing of financial and accounting data that is used by decision steelrs. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information te chnology resources. The resulting statistical reports can be used internally by trouble or externally by other interested parties including investors, creditors and tax authorities. An accounting information systems that combines tralatitious accounting practices such(prenominal) as the Generally Accepted Accounting Principles (GAAP) with late information technology resources. Six elements compose the typical accounting information system People the system users.Procedure and Instructions methods for retrieving and processing data. Data information pertinent to the organizations line of reasoning practices. Softw argon computer programs used to process data.Information applied science Infrastructure hardware used to operate the system. Internal Controls security measures to shelter sensitive data.MANAGEMENT ACCOUNTING worry accounting or managerial accounting is concerned with the provision and use of accounting information to managers indoors organizations, to provide them with the basis to make informed business decisions that allow allow them to be better furnished in their management andcontrol functions.In contrast to financial accountancy information, management accounting information is primarily forward-looking, quite of historicallymodel based with a degree of abstraction to support decision making generically, quite of case based designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators usually confidential and used by management, instead of publicly reported computed by reference to the inescapably of managers, often development management information systems, instead of by reference to general.The process of preparing management reports andaccounts that provide accurate and well timed(p) financial and statistical information required by managers to make day-by-day and short-term decisions. Unlike financial accounting, which produces a nnual reports mainly for external stakeholders, management accounting generates monthly or weekly reports for an organizations internal audiences such as department managers and the chief executive military officer. These reports typically show the amount of accessible cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, big debts, raw material and inventory, and may also include trend charts, deviation analysis, and other statistics. Also called managerial accounting.BUSINESS POLICYThis course examines the components and processes of the strategical management model, using examples from Canada and the United States. Students learn to do case analysis throughout the course. Topics cover include strategic management, social responsibility, environmental and internal analysis and diagnosis, scheme selection, and implementation and evaluation After completing this course, students should be able to make a rigorous analysis of a companys strategic direction. Identify and rationalize a companys mission and vision statement and relate and critiquethese statements to the companys strategic direction. Prepare a SWOT (strengths, weakness, opportunities, and threats) analysis and explain and evaluate the blood between the SWOT and a companys strategic direction. Identify and explain all micro and macro forces that shape a companys strategic plan and read military operation. Analyze and evaluate all the steps for the proper alignment of financial and non-financial resources within a companys strategic plan.Analyze a companys strategic plan in the context of the industry life cycle and environment in which it operates. Analyze, evaluate, and string up conclusions on the effectiveness and performance of control and integration mechanisms. Establish inflection to assess and measure strategic performance. Analyze and evaluate the companys communication and feedback circle relative to company dodging and per formance.Analyze, evaluate, and draw conclusions on the financial performance relative to the companys strategic plan. Analyze, evaluate, and identify risks and risk mitigation strategies appropriate to the companys strategic direction. Analyze, evaluate, and develop strategies for a single or multi-business organization. Assess, analyze, and recommend changes to company strategy based on a full analysis of a companys strategic plan. Develop and prepare a strategic review document presented in a consistent form and properly documented. wareION AND OPERATIONS MANAGEMENTProduction and Operations Management (POM) is about the transformation of production and operational inputs into outputs that, when distributed, meet the needs of customers.The process in the above diagram is often referred to as the reincarnation Process. There are several different methods of handling the revolution or production process Job, Batch, Flow and Group. POM incorporates many tasks that are interdepende nt, but which can be grouped under five main headingsPRODUCTMarketers in a business must chequer that a business sells products that meet customer needs and wants. The role of Production and Operations is to ensure that the business actually makes the required products in accordance with the plan. The role of PRODUCT in POM therefore concerns areas such as Performance aesthetics Quality Reliability Quantity Production costs Delivery datesPLANTTo make PRODUCT, PLANT of some kind is needed. This will comprise the bulk of the better assets of the business. In determining which PLANT to use, management must control areas such as Future demand (volume, timing) Design and layout of factory, equipment, offices Productivity and reliability of equipment convey for (and costs of) maintenance Heath and safety (particularly the operation of equipment) Environmental issues (e.g. intromission of waste products)PROCESSESThere are many different ways of producing a product. Managem ent must choose the best process, or series of processes.They will consider Available capacity Available skills Type of production Layout of plant and equipment sanctuary Production costs Maintenance requirementsPROGRAMMESThe production PROGRAMME concerns the dates and times of the products that are to be produced and supplied to customers. The decisions made about programme will be influenced by factors such as Purchasing patterns (e.g. lead time) Cash flow bring for / availability of storage TransportationPEOPLEProduction depends on PEOPLE, whose skills, experience and motivation vary. Key people-related decisions will consider the following areas Wages and salaries Safety and training Work conditions leaders and motivation Unionisation CommunicationGOOD GOVERNANCEGood governance is about the processes for making and implementing decisions. Its non about making correct decisions, but about the best doable process for making those decisions.Good decision-making processes, and therefore good governance, share several characteristics. all(a) have a positive effect on various aspects of local anaesthetic government including consultation policies and practices, meeting procedures, service quality protocols, councillor and officer conduct, role clarification and good working relationships.