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.
Vertiflo Pump Company.With the emergence of an expanding interdependent global economy, information systems (IS) strategists need to face the challenges of internationalization. The growth of multinational business has led many corporations to support significantly high level of IS operations and IS applications development in foreign environments.Helping executives/professionals to understand the differences between their own environment and the one in which they must operate can improve their IS functions in this region.
1.0.b Discuss too the impact of this strategic plan on the company's management,
competitors, customers and the company as a whole.
Provides managers with the tools for organizing, evaluating and efficiently running their departments. Provide past, present and prediction information.
2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.
MIS can increase productivity and competitiveness.
2.0.b Discuss too the possible effect on the company.
It promotes better communication to the employee and to the management of the company.
3.0.a What is an Accounting Information System?
A subset of management information system (MIS), AIS is responsible for providing timely and accurate financial and statistical reports for internal management decision making, and for external parties such as creditors, investors, and regulatory and taxation authorities.
www.businessdictionary.com/definition/accounting-information-system-AIS.
3.0.b Identify or list down different accounting information systems used.
AIS's cover all business functions from backbone accounting transaction processing systems to sophisticated financial management planning and processing systems.
Financial reporting starts at the operational levels of the organization, where the transaction processing systems capture important business events such as normal production, purchasing, and selling activities. These events (transactions) are classified and summarized for internal decision making and for external financial reporting.
Cost accounting systems are used in manufacturing and service environments. These allow organizations to track the costs associated with the production of goods and/or performance of services. In addition, the AIS can provide advanced analyses for improved resource allocation and performance tracking.
Management accounting systems are used to allow organizational planning, monitoring, and control for a variety of activities. This allows managerial-level employees to have access to advanced reporting and statistical analysis. The systems can be used to gather information, to develop various scenarios, and to choose an optimal answer among alternative scenarios.
Information systems are vital to the operation and management of every organization. Managers who invest large amounts of money and other resources in information systems often do not know which information systems applications will benefit the organization. This article proposes and tests an approach for evaluating the benefit to the organization gained by the use of an individual information systems application. The test group was comprised of a random sample of 310 medium and large sized manufacturing organizations. We found that different organizations gain different benefits by using the same information system applications, and that the benefit an organization gains from using a computerized application increases as a function of the increase of two types of independent variables representing the level of complexity and uncertainty regarding a specific activity (customers, suppliers, etc.), and the impact of the decision supported by the added information on the organization's objectives.
3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?
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