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Mba Dissertation Files
Dissertation in the Field of Information Technology in Financial Management in Partial Fulfilment of the Requirements for the Master of Business Administration Degree with a Major in Finance and a Minor in Systems

APPLYING COMPUTER TECHNOLOGY IN FINANCIAL MANAGEMENT

Indian Institute of Social Welfare and Business Management MBA (Day) 2005 -2007 20 April 2007

Brinda Raymahasay Flat no 12-G 116 Southern Avenue Calcutta 700029 (033) 2466 2677 98311 81188 brinray@gmail.com

B Raymahasay

107/MBA/050022

Table of Contents
I Introduction ……………………………………………………...3 1.1 1.2 1.3 II Definition and scope of financial management……………..3 Importance of keeping records……………………………..6 FIS used at different managerial levels……………………...7

Discussion of various types of financial information systems……...9 2.1 2.2 2.3 2.4 2.5 Financial Decision Support Systems………………………...9 Financial Expert Systems…………………………………..11 EIS and how it helps with financial decision making……….12 Business Process Analysis………………………………….13 Oracle Financials E-business Suite…………………………15

III

Impact of IT on managing the financial aspects of business………17 3.1 3.2 3.3 Advantages of using these systems…………………………17 Limitations of these systems………………………………..21 An optimistic look into the future of using financial information

systems…………………………………………………………………..23

IV V

Conclusion……………………………………………………….25 References………………………………………………………...26

2

B Raymahasay

107/MBA/050022

I

Introduction

1.1

Definition and scope of financial management

Sound financial management is at the core of any business. What exactly is meant by financial management?

• In short, the main objectives of financial management would be to:

• Create wealth for the business

• Generate cash, and

• Provide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested

• Even non-profit organisations need to manage and keep records of all


References: Google Wikipedia Britannica Microsoft IBM Oracle SAP TechWeb ZDNet TechRepublic FSIO www.google.com www.wikipedia.com www.britannica.com www.microsoft.com www.ibm.com www.oracle.com www.sap.com www.techweb.com www.zdnet.com www.techrepublic.com www.fsio.gov 26 B Raymahasay 107/MBA/050022 Books Turban, Aronson and Liang. Decision Support Systems and Intelligent Systems. Prentice Hall India, Seventh Edition Stair and Reynolds. Principles of Information Systems. Fifth Edition 27
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