Scribd
Upload
7 views3 pages

Mis Pre Finals Task Performance 2

The document discusses the role of Accounting Information Systems in enhancing management information systems by improving data tracking and decision-making for businesses. It highlights the applicability of these systems across various organizations and their integration with other management information systems. Additionally, it addresses potential risks and limitations associated with implementation, such as erroneous inputs and security breaches.

Uploaded by

Irold Sanchez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
7 views3 pages

Mis Pre Finals Task Performance 2

The document discusses the role of Accounting Information Systems in enhancing management information systems by improving data tracking and decision-making for businesses. It highlights the applicability of these systems across various organizations and their integration with other management information systems. Additionally, it addresses potential risks and limitations associated with implementation, such as erroneous inputs and security breaches.

Uploaded by

Irold Sanchez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

MIS Pre Finals Task Performance 2

Management Information Systems (STI College)

Scan to open on Studocu

Downloaded by Irold Sanchez


Studocu is not sponsored or endorsed by any college or university

Downloaded by Irold Sanchez


Youtube Titles:
● Introduction to Accounting Information System
● Accounting and finance information systems | Learning Process

Youtube Links:
● https://www.youtube.com/watch?v=z26LieCUVOo
● https://www.youtube.com/watch?v=RTg4aOd3rfw

❖ How do the concepts/aspects/components from this particular


topic improve upon a management information system?
- Tactical Accounting and Financial Information can be
improved by the help of different systems that can easily
track and compare the actual revenues and expenses in
order to budget it according to the needs of the business.
By using the system it can help the business to decide on
how to improve their business if the result of data in their
advertising and marketing is not effective.
❖ Can the discussed concepts/aspects/components be
implemented across all possible businesses and/or
organizations? How?
- The Accounting Information System has the efficiency in
the collection and storage of data concerning organizations
financial activities to make sure that the controls to
accurate record, information and knowledge are in place
and give useful information for making decisions.
❖ Can these concepts/aspects/components be combined with
other types of management information systems previously
discussed? How?
- Yes, in the previous topic, there is Cash Management
where the system produces cash flow reports which show
estimated amounts of income and outgoing cash for a
specific timeframe. In the video, there is Financial
forecasting where the system forecasts financial
information such as revenues and expenses for the future
and Portfolio management to analyze alternative
investment strategies for the business cash and keeps
track of investments.
❖ Are there possible risks and/or limitations to consider before
implementing these concepts/aspects/components? What are
they?
Yes, the risk are:
- Erroneous input/processing
- Computer Fraud
- Security Breaches
- Hardware and Software Failure
- Natural Disaster
Also, there is a set of policies and procedures before
implementing the system such as:
- Internal Environment
- Objective Setting
- Event Identification
- Risk Assessment/Response
- Control Activities
- Monitoring and Communication

Downloaded by Irold Sanchez

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy