Finals Question #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.

Question #1.0.a Research one international company from the Internet and describe their MIS strategic plan in 1-2 paragraphs.
Answer: International CommunicationUnion
The Strategy Creation of a Business Management Information System that empowers employees to access and analyze current business information using Web-based reporting tools.
The Results Managers can now handle their own reporting and business intelligence needs, with little or no help from the IT department. More than 200 reports for almost 20,000 employees are quickly accessible via the internet, reducing costs by 50 percent.remains at the top of its field for two simple reasons: relentless innovation and a commitment to superior customer service. In the highly competitive insurance industry, data analytics play an important role in the decision

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

Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That's why a business review or preparation of a strategic plan is a virtual necessity. This may not be a recipe for success, but without it a business is much more likely to fail. A sound plan should:

• Serve as a framework for decisions or for securing support/approval.
• Provide a basis for more detailed planning.
• Explain the business to others in order to inform, motivate & involve.
• Assist benchmarking & performance monitoring.
• Stimulate change and become building block for next plan.

Question #2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.
Answer:
to apply this strategic plan to our local company in the philippines by using management information system in terms of their promotion and transacting to the customers and giving fast services to the consumers for their satisfaction so that your company achieve their goals to become profitable.

Question #2.0.b Discuss too the possible effect on the company.
Answer:
The strategic use of technology based information systems (IS/IT) is a fundamental issue for every business. This is particularly true in the case of firms that engage in international business activities. The present paper is part of an empirically oriented project to investigate the impacts of strategic alignment on organizational performance, especially in the case of European International Companies. We use Structural Equation Modeling to apprehend the strategic alignment concept as an emergent variable derived from the co variation of two components: (1) business strategy; and (2) the IS/IT strategy. Then, we explore the role of this emergent concept as a determinant of organizational performance. We use data from a large database constructed due to survey instruments to assess the usage of IS/IT among European firms. 505 questionnaires have been exploited in this study. The results obtained will be presented and discussed in this paper.

Question #3.0.a What is an Accounting Information System?
Answer:
Accounting Information System can be defined as a group of elements that are formed and interact to achieve goals or objectives. You spend all your life with systems – your home, your work, your family, the school you attended. An organization is a system in which a number of people work together to achieve particular objectives.

Within each system there are smaller systems. The one everyone knows is the solar system. Within it, each of the planets is, itself, a system. Taking Earth, each country is a system, and so on. Another one you will recognize is you – you yourself are a system, full of subsystems such as your respiratory system and your nervous system. Within a business, there are sub-systems called departments which, themselves, can be broken down into smaller systems right down to individual employees.

All systems are themselves located within an environment – even the solar system, which has the universe as its environment. Input enters a system from something located in its environment. (The space shuttle entering the earth's atmosphere from outer space is an example of an input to the earth from its environment.) A system processes its input and then sends its output to something located in its environment. A business receives inputs to its system in the form, for example, of raw materials from suppliers, payments from customers, etc. It then converts the inputs into goods and services and sends its outputs (goods and services) into its environment (to its customers). It records these activities in its accounting information system.

Question #3.0.b Identify or list down different accounting information systems used.
Answer:An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system 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 to make decision While this was previously a paper-based process, most modern businesses now use accounting software
on System personnel need knowledge of database management and programming language .In an Electronic Financial Accounting system, the steps in the accounting cycle are dependent upon the system itself, which in turn are developed by programmers. For example, some systems allow direct journal posting to the various and others do not.

Question #3.0.c What are the benefits by the management, users and customers derived from these AIS?
Answer:There is a variety of applications that can benefit from the ability to find optimal or good solutions to a proposed problem, automatically. The artificial intelligent (AI) community has been actively involved in efficient problem-solving in complex domains such as military or spacecraft problems with successful results. In this paper, we describe the integration of AI planning techniques with an existing workflow management system. We show how these techniques can improve the overall system functionality and help automate the definition of business processes. The work is based on a short study carried out at BT research laboratories as part of a larger programme that aims to provide technologies for a new generation of business support systems.

Question #3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?
Answer:
Threats to accounting information systems come from a variety of sources. If ignored, they can destroy the relevance and reliability of financial information, leading to poor decisions by various stakeholders. (For specific examples, the Sidebar lists the top 10 concerns identified by a 2006 AICPA survey.)
At the point of data collection, it is important to establish security controls that ensure that transaction or event data are valid, complete, and free from material errors. Masquerading (pretending to be an authorized user) and piggybacking (tapping into telecommunications lines) are examples of hacker activities that can seriously impact valid data collection.

reference: www.google.com
Student: Daquil, Jessa