The role of management in achieving goals To achieve its goals and ensure that the stakeholder’s interests are continually analysed and met‚ the company employs middle managers. The company goals can only be achieved if everyone works as a team and supports the company mission and values. Middle managers are an important component of this team. Middle managers have a responsibility within the organisation to implement at an operational level‚ the policy and programs set out by the senior managers
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Accounting Information System(AIS) - is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. Components of AIS a. People - the system users - professionals who may need to use an organization’s AIS include accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers
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Sources of information gathering Primary and secondary data There are two types of data can be collected for the research‚ which are primary and secondary data. Primary data Primary data is the information collected for the specific purpose at hand. Gathering primary data might involved several approaches such as questionnaire‚ interview and observations. Compare to collecting secondary data‚ gathering primary data is more costly and time-consumed. Therefore there will be no gathering
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Achieving Project Goals Betty Brown MGT/437 August 16‚ 2012 Kevin Meavers Achieving Project Goals Completing the “Achieving Project Goals Simulation” changed my perception as well as helped me understand exactly what project management and how important it is to execute all the areas of project management effectively. By reviewing this simulation one can realize how project management is very helpful in everyday life and can also change one’s point of view on project management.
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Primary users Financial accounting : the primary users of financial accounting are the external users‚ shareholders‚ investors ‚ creditors‚ lenders and government. Share holders are using financial information to know about their investment e.g how the investment is running‚ what is the organization profit and what is the value of the organization. Investors use financial information to know in which organization they should invest and to look how was the organsation performance in the past so
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Every person in the organization is a user of the MIS. The people in the organization operate at all levels in the hierarchy. A typical user is a clerk‚ an assistant‚ an officer‚ an executive or a manager. Each of them has a specific task and a role to play in the management of business. The MIS caters to the needs of all persons. The main task of a clerk is to search the data‚ make a statement and submit it to the higher level. A clerk can use the MIS for a quick search and reporting the same
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Dr Fang (to be used in the workshop in week 1) Month-end balance sheet amounts for the dental practice of Dr Fang‚ a local dentist‚ for three consecutive months are presented below. The information is complete except for the balance in the owners’ equity account. Cash Accounts receivable Prepaid insurance Surgery equipment Building Land Accounts payable Wages payable Mortgage payable Owners’ Equity 31 October $ 9 100 16 100 700 29 800 81 000 33 000 10 100 5 100 34 700
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Accounting: A User Perspective Assignment 2 April 2014 Prepared by Marcelo De la cruz Plejo Student ID‚ z3479895 Master of Business and Technology GBAT9120 Accounting: A User Perspective – Semester 1 - 2014 Facilitator‚ Ken Trottman 1. Question 1 [14 marks] Ratio 2014 Calculations Results 2013 Calculations Results 1. Return on Equity (2425 / 78018)x100 3.10% 3752/50319 7.46% 2. Alternative Return on Assets (6985 / 216899)x100 3.22% (9150
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Discussion I. I. Accounting information system is a combination of collecting‚ recording‚ storing‚ and processing data of a business. The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained‚ “at the start of the 21st century‚ business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizations
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Executive Summary Accounting information system is an extremely important role in the enterprise management. As technology advances‚ the system software is constantly improving‚ constantly enhance the function of the system‚ thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious‚ how is the fastest way to management to provide the latest information to help decision-makers analysis‚ forecasting‚ decision-making‚ improve
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