Accounting Information Sytems

Wikipedia An accounting education attaination (AIS) is a system of collection, fund and biddinging of financial and accounting entropy that is utilise by decision makers. An accounting information system is for the most part a computer-based method for tracking accounting activity in articulation with information technology resources. The resulting statistical reports can be used intern wholey by management or externally by other fire parties including investors, creditors and tax authorities. The actual corporal devices and systems that allows the AIS to operate and perform its functions 1. Internal overlooks and security measures what is implemented to safeguard the information 2. Model Base ManagementThe collection, storage and serveing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resu lting statistical reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. An accounting information systems that combines traditional accounting practices such as the Generally Accepted Accounting Principles (GAAP) with modern information technology resources. sestet 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 production line practices. softw be product computer programs used to process data.Information Technology Infrastructure hardware used to operate the system. Internal Controls security measures to protect sensitive data.MANAGEMENT ACCOUNTINGManagement accounting or managerial accounting is concerned with the pro pots and use of accounting information to managers within organizations, to provide them with the basis to make informed b usiness decisions that leave behind allow them to be better equipped in their management andcontrol functions.In contrast to financial accountancy information, management accounting information is in the beginning forward-looking, instead of historicallymodel based with a degree of outline to support decision making generically, instead of case based knowing and intend 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 postulate of managers, frequently using management information systems, instead of by reference to general.The process of preparing management reports andaccounts that provide accurate and timely financial and statistical information compulsory by managers to make day-to-day and short-term decisions. Unlike financial accounting, which produces annual reports mainly for external stake holders, management accounting generates monthly or weekly reports for an organizations internal audiences such as department managers and the chief executive officer. These reports typically show the fall of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance abbreviation, and other statistics. Also called managerial accounting.BUSINESS POLICYThis course examines the components and processes of the strategic management model, using examples from Canada and the United States. Students learn to do case analysis throughout the course. Topics covered include strategic management, tender responsibility, environmental and internal analysis and diagnosis, system selection, and implementation and evaluation later on completing this course, students should be able toPerform a rigorous analysis of a companys strategic direction. Id entify and explain a companys mission and vision statement and relate and critiquethese statements to the companys strategic direction. Prepare a arise (strengths, weakness, opportunities, and threats) analysis and explain and evaluate the relationship between the SWOT and a companys strategic direction. Identify and explain all micro and macro forces that fake a companys strategic plan and determine exercise. 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 conduct cycle and environment in which it operates. Analyze, evaluate, and draw conclusions on the effectiveness and performance of control and integration mechanisms. Establish metrics to assess and measure strategic performance. Analyze and evaluate the companys communication and feedback loop relative to company strategy and performance.Analyze, evaluate, and draw conclusion s 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 hotshot 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.PRODUCTION AND OPERATIONS MANAGEMENTProduction and Operations Management (POM) is astir(predicate) the faulting of production and operational inputs into outputs that, when distributed, meet the needs of customers.The process in the preceding(prenominal) diagram is often referred to as the Conversion Process. There are several different methods of handling the conversion or production process Job, Batch, Flow and Group. POM incorporates some tasks that are interdependent, but which can be g rouped under five main headingsPRODUCTMarketers in a business must ensure 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 then concerns areas such as Performance Aesthetics Quality Reliability measurement Production costs Delivery dates go underTo make PRODUCT, PLANT of some chassis is needed. This will comprise the bulk of the fixed assets of the business. In determining which PLANT to use, management must consider areas such as Future select (volume, timing) Design and layout of factory, equipment, offices Productivity and reliability of equipment Need for (and costs of) maintenance heathland and safety (particularly the operation of equipment) Environmental issues (e.g. creation of waste products)PROCESSESThere are many different ways of producing a product. Management must choose the t rump process, or series of processes.They will consider for sale capacity Available skills Type of production Layout of plant and equipment Safety Production costs tending 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 acquire patterns (e.g. lead time) Cash flow Need for / availability of storage TransportationPEOPLEProduction depends on PEOPLE, whose skills, experience and motivation vary. Key people-related decisions will consider the following areas salary and salaries Safety and training Work conditions Leadership and motivation Unionisation CommunicationGOOD GOVERNANCEGood government is about the processes for making and implementing decisions. Its not about making mitigate decisions, but about the best possible process for making those decisions.Good decision-making processes, and and the n smashing governance, share several characteristics. All have a substantiative effect on various aspects of local government including consultation policies and practices, opposition procedures, service quality protocols, councillor and officer conduct, role clarification and good working relationships.