Accounting Information SystemAccounting Information System

An Accounting Information System 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.

Management

Data Processing Software

Database

Input PhysicalResource

Output PhysicalResource

Transform

Accounting Information System

Data Information

Types of Accounting Information SystemTypes of Accounting Information System

1) General Ledger System

2) Asset Management

3) Order Entry System

4) Accounts Receivable & Payable System

5) Inventory Control System

6) Payroll System

7) Cash Management { forecast cash flow in any currency and in multiple time period, streamline the reconciliation process , manage cash cycle efficiently and with control)

Financial Information SystemFinancial Information SystemDefinition

The term Financial Information System is used to describe the CBIS subsystem that provides information to person and group both inside and outside the firm concerning the firm’s financial matter.

Functions of Financial ISFunctions of Financial IS1) Provide easy access to data for both financial and non-financial

users, often through the use of a corporate intranet to access corporate web pages of financial data and information.

2) Make financial data immediately available to shorten analysis

3) Enable analysis of financial data along multiple dimensions- time, geography, product, plant, customer

4) Analyze historical and current financial activity

5) Monitor and control the use of funds over time

Subsystem of Financial ISSubsystem of Financial IS1) Financial Forecasting and Planning

a) Financial forecasting is the process of predicting the inflows of funds into the company and the outflow of funds from it for a long term into the future.

b) Outflow of funds must be balanced over the long term with the inflow.

c) Financial forecasts are based on computerized models knows as cash flow models.

d) These cash flow models range from rather simple spreadsheet templates to sophisticated model.

e) Financial Forecasting serves to identify the need for funds and their sources

2) Financial Controla) The primary tool for financial control are budgets. A budget specifies the resources committed to a plan for a given project or time period.

b) Along with budgets and performance reports, financial control employs a number of financial ratios indicating the performance of the business unit.

c) A widely employed financial ratio is Return on Investment(ROI). ROI show how well a business unit uses its resources.

3) Fund Managementa) This subsystem helps to manage the organization’s liquid assets, such as cash or securities.

b) Some firms deploy computerized systems to manage their securities portfolios.

4) Internal Auditinga) The audit function provide an independent appraisal of an organization’s accounting, financial, and operational procedure and information

Marketing Information SystemsMarketing Information SystemsDefinition

Marketing information system is a computer based system that works in conjunction with either functional information system to support the firm’s management in solving problems that relate to marketing of the firm’s products

Environmental Sources

User

Accounting Information

System

Marketing Research

Subsystem

Marketing IntelligenceSubsystem

Internal Sources

Data Base

ProductSubsystem

Place Subsystem

PromotionSubsystem

Price Subsystem

Manufacturing Information System Manufacturing Information System

Definition

“Manufacturing Information is a complete set of tools for managing the flow of manufacturing data through out the organization.”

Subsystems of Manufacturing Subsystems of Manufacturing Information SystemInformation System

1) Product Design & Engineering * Product design and engineering are widely supported

today by Computer Aided Design(CAD) and Computer Aided

Engineering.

* CAD/CAE systems increasingly eliminate paperwork from the design process, while speeding up the process itself.

2) Production Scheduling * This subsystem ensures an appropriate combination of

human, machinery, and material resources will be provided at an appropriate time in order to manufacture goods

* Computer Integrated Manufacturing is a strategy which a manufacturer takes control of the entire manufacturing process

* Computer Aided Manufacturing is used to control the machinery.

3)Quality Control QC may be defined as group of techniques by means of which

Products of uniform acceptable quality are manufactured

TQM is a management technique for continuously improving the performance of all members and units of a firm to customer satisfaction

4) Facilities Planning

5) Logistic and Inventory Management

Human Resource Information SystemHuman Resource Information SystemDefinition“ HIRS is an organized method of providing information about HR, their functioning and external factors relevant to managing HR”

Human ResourceResearch Subsystem

Human Resource

Intelligence Subsystem

Data base

HR Acquisition Subsystem

HR DevelopmentSubsystem

MaintenanceSubsystem

IRSubsystem

User

Input Subsystem

Output Subsystem