hey its a beautiful question arises in most of the minds
nowadays information system plays vital role in finance department. To make the jobs simpler a new technology has been introduced which is called AIS. AIS is mostly used in all finance departments.
Accounting Information Systems (AISs) combine the study and practice of accounting with the design, implementation, and monitoring of information systems. Such systems use modern information technology resources together with traditional accounting controls and methods to provide users the financial information necessary to manage their organizations. If you would like to know more about AIS refer to http://www.writequery.blogspot.com
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The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.
Management challenges to identify the requirements for the system. -Select the right software vendor for developing the system. -Communicate the benefits to the information systems users so they can adopt the change and support company strategy. -Justify information system investment. -Objectives for developing the system.
* maintain accounting system * Pay salary *taking capital structure decisions *preparing budget
beta parh lana tha.
A point-of-sales-system
Finance information system, is a system that analyzes financial data for making financial forecasts in the future for businesses and organizations.
The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.
A financial reporting system is a system that is connected to departments and allow managers to input numbers so that the finance department will have up to date information. These systems have alerts that let executive managers know when something is wrong in production.
Management challenges to identify the requirements for the system. -Select the right software vendor for developing the system. -Communicate the benefits to the information systems users so they can adopt the change and support company strategy. -Justify information system investment. -Objectives for developing the system.
Finance information system, is a system that analyzes financial data for making financial forecasts in the future for businesses and organizations.
how information system play an important role in following departments finance, marketing,HRM and production management
its where a certain information is been used by all department in the organisation
* maintain accounting system * Pay salary *taking capital structure decisions *preparing budget
yes always
Human Resource Management, Finance, Management Information System, Marketing
beta parh lana tha.
Department of Worforce Services - Managment Information System