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: Company Name: Honda Corporation -UK

MIS Strategic Plan:

Honda UK uses "Backstel System" in their IT system. The system is doing great in their business. But the company's Manager of Operations Support, Dave Jenner strategic plan is to improve the services that they offer and this was found from another supplier - Experian Payments UK Gateway.

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:

With the use of Experian Payments UK Gateway, Honda is getting more advantage over it's competitor by serving faster and no hassle and provide right information at the right time to it's customers as well as to it's employees and management.

Question
2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.

Obviously this type of system can be applicable in the motor industry in the Philippines yet this system is just so sophisticated and very costly for this time. And the motor business in the Philippines is not as busy as in the UK. But if this will be applied in then it will be a very advantage of a certain company.

2.0.b Discuss too the possible effect on the company.

Answer:

This will shorten the process and the collection of payment will be faster and as a whole and it will impact on the profitability of the company.

3.0.a What is an Accounting Information System?

Answer:
-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.

Question:

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

Answer:
-purchase system
-sales system,
-payroll system
-and other financial processes of the business.

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

Answer:

-Speed
-Automatic document production
-Accuracy
-Up-to-date information
-Availability of information
-Management information
-Legibility
-Efficiency
-Staff motivation
-Cost savings
-Reduce frustration
-The ability to deal in multiple currencies easily

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:
There are serious attacks possible against our financial reporting system, financial markets, and economy. Scarce resources, including time and money, are being embezzled, misappropriated, or diverted. Investor confidence has been shaken and management has become pessimistic about the future. The government has responded with costly regulation and increased oversight of the executive management and the accounting profession. Information security is experiencing dramatically increased threats.


Include your reference.
http://www.tuition.com.hk/computerized-accounting.htm
http://findarticles.com/p/articles/mi_qa5346/is_200705/ai_n21288682/

Due: Monday
Posted by ROSILIE at 11:14 PM 0 comments
Labels: Finals Questions