...gains profits from the distribution fee when selling products to different retailers. The company has achieved great success by taking the strategy of concentrating on a target market area. However, the appearance of Web-based shops and music download services brings negative impacts to the revenue of BPM company. Meanwhile, the deficiency of using information technology and Internet and inefficient management methods also create potential risks for the company’s future development. On account of this, BPM need a new business strategy to adjust the current production model in order to enhance competiveness among competitors and increase the profits of BPM Company. Problems and the New Business Strategy: From the BPM scenario, there are several problems that may hinder the development of the company. First of all, the company’s utilization of information technologies and the Internet is deficient, which only contains the costumer accounting, invoice production package based on the office LAN that may lead to inefficiency. Secondly, BPM’s website is mainly used to get publicity for the business and provides new releases information for record retailers, however, it is unable to place order through the website. Orders from shop holders are placed by telephone, tax, and email of one sale representative and then hand write on pre-prepared form which is a...
Words: 1486 - Pages: 6
...Accounting”, DomDane Publishing, (2011), pp. 20, 88-90. [4] Information Technology, http://en.wikipedia.org/wiki/Information_technology, (Accessed 2013). [5] M. Ghasemi, V. Shafeiepour, M. Aslani and E. Barvayeh, “The Impact of Information Technology (IT) on Modern Accounting”, Procedia - Social and Behavioral Sciences, vol. 28, (2011), pp. 112–116. [6] http://www.e-conomic.co.uk/accountingsystem/glossary/accounting-system, (Accessed 2013). [7] K. I. Dandago and A. S. Rufai, “Information Technology and Accounting Information System in the Nigerian Banking Industry”, Asian Economic and Financial Review, vol. 4, no. 5, (2013) June, pp.655-670. [8] J. Moscove, P. Sinkin and P. Bagranoff, “A Theory of Interdependent Demand for a Communication Service. Bell Journal of Economics, vol. 5, no.1, (1999), pp. 283-292. [9] J. Hall, Accounting Information System, (2008), pp. 11-28, ISBN-10: 0324560893, ISBN-13: 9780324560893. [10] S. Shanker, “How is Information Technology Used in Accounting?”, Chron Small Business Demand Media, (2013). [11] M. Amidu, et al., “E-Accounting Practices among Small and Medium Enterprises in Ghana”, Journal of Management Policy and Practice, vol. 12, no.4, (2011), p. 152. [12] Cost-Benefit Principle, http://www.myaccountingcourse.com/accounting-principles/, (Accessed 2013). [13] N. K. Kermani, et al., “The Influence if Information Technology on the Efficiency of the Accounting Information Systems in Iran Hotel Industry”, International Research Journal...
Words: 346 - Pages: 2
...Effects of Technology on Accounting Information Systems James King University of Phoenix: ACC/340 Accounting Information Systems I Instructor: Ray Dahmer June 27, 2011 Effects of Technology on Accounting Information Systems The information age and the resulting technological advances have made an impact on every functional area of the accounting industry including auditing, taxation, financial, and managerial accounting (Bagranoff, Simkin, & Norman, 2008). Information systems consist of data input and processing devices, applications, personnel, and procedures, all of which produce information that management uses to make crucial business decisions (Bagranoff, Simkin, & Norman, 2008). This paper contains a discussion of modern accounting information systems and the influence of those systems in the changing landscape of the accounting profession. New Technology and Its Effect on Business The introduction of modern information technology into the accounting profession has produced advances in the industry and in the design of accounting information systems. All but gone are the days of spiral bound ledgers and adding machines. Accounting applications running on computer systems with two-gigahertz processors and gigabytes worth of memory perform accounting tasks in modern organizations. The information generated by modern accounting information systems from the data gathered by the input terminals within the system, informs managers about the situation...
Words: 981 - Pages: 4
...the relationship between information technology (IT) and information systems (IS). Information Technology and Information Systems work hand in hand in many business scenarios, although they are not the same. Information Technology (IT) refers to the technological side of an organization, but is not limited to communications. The IT department is the division of engineering that deals with the use of computers and telecommunications to get, transmit, and store information. The IT department of any given company could handle anything from hardware installation to software deployment. It is the use of networks, computers, software, programming languages, and computer hardware; these are all examples of the scope information technology. Managed Information Systems (MIS) is the practice of how information is delivered, communicated, organized and used in order to achieve any number of goals. The MIS department is a division of the general in-house controls of a business that deals with the use of people, documents and procedures by management. The MIS department uses these controls to solve business problems, report data to management, finance and sales. The MIS department would provide and collect information for research and development to provide a service or a business-wide strategy. The MIS department would essentially be a part of everything from management, finance, sales, research and development to final production. Although most information is delivered electronically...
Words: 1315 - Pages: 6
...Contrast Components and Purposes of Information Technology and Information Systems in Organizations. Cynthia Coleman Systems Analysis and Design CIS 3512 Professor Setterlind July 6, 2014 Information Systems have been around for a long time, whereas, the term Information Technology is relatively new. The U.S. Postal Service could be considered an information system with sub-systems including logistics, and transportation. With a system of main post offices and community locations, the Postal Service is able to move letters and packages around the world in only a few days. Since the introduction of computers into the business industry, Information Systems focus on making use of technology to disseminate information. Information Technology could be considered a sub-system of Information Systems since the technology supports and enables the system through software and hardware development. The five main components of an information system are people, hardware resources, software resources, data resources, and network resources. (2010). People include the end-users and also the programmers, analysts, and other technical specialists that support the system. Hardware resources include the servers, client workstations, monitors, keyboards, and all other peripherals that interconnect them. Human interface devices allow users to input data to the system, which is translated into usable information. Software resources include the system operations programs, such as Windows...
Words: 846 - Pages: 4
...CONVENTIONAL ACCOUNTING SYSTEM AND INFORMATION TECHNOLOGY: EXPERIENCES IN MY PLACES OF WORK. BEING A SEMINAR PAPER PRESENTATION IN ACCOUNTING AND INFORMATION TECHNOLOGY FOR MASTERS IN ACCOUNTING (MAC) DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION SCHOOL OF POSTGRADUATE STUDIES AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA BY: KALU NNANNA NWONYUKU JUNE, 2013 CONTENTS 1.1.1 INTRODUCTION 1.2.1 THE MEANING OF ACCOUNTING AND ACCOUNTING PROCESS 1.2.2 THE ROLES AND FUNCTION OF ACCOUNTING INFORMATION 1.2.3 BASIC ELEMENTS OF AN ACCOUNTING INFORMATION 1.2.4 BASIC ACCOUNTING POSTULATES AND PRINCIPLES 1.3.1 MEANING OF INFORMATION TECHNOLOGY 1.3.2 ADVENT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM 1.3.3. THE IMPORTANCE OF INFORMATION TECHNOLOGY TO ACCOUNTING SYSTEM 1.4.1 INFORMATION TECHNOLOGY USE FOR AN ACCOUNTING SYSTEM 1.4.2 SOFTWARE FOR ACCOUNTING INFORMATION SYSTEM 1.4.3 FACTORS TO CONSIDER WHEN CHOOSING ACCOUNTING SOFTWARE 1.4.4 HOW TO CHECK ACCOUNTING SOFTWARE 1.5.1 MERITS OF COMPUTERIZED ACCOUNTING SYSTEM 1.5.2 DEMERITS/LIMITATION...
Words: 12221 - Pages: 49
...software tool like WinAudit in computer forensics? 2. Which item(s) generated by WinAudit would be of critical importance in a computer forensic investigation? 3. Could you run WinAudit from a flash drive or any other external media? If so, why is this important during a computer forensic investigation? 4. Why would you use a tool like DevManView while performing a computer forensic investigation? Copyright © 2014 by Jones & Bartlett Learning, LLC, an Ascend Learning Company. All rights reserved. www.jblearning.com Student Lab Manual 5. Which item(s) available from DevManView would be of critical importance in a computer forensic investigation? 6. What tool similar to DevManView is already present in Microsoft Windows systems? 7. Why would someone use a Hex editor during a forensic investigation? 8. What “clue” in the Frhed examination of target.abc led you to the correct extension for that file? 9. Describe...
Words: 295 - Pages: 2
...THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING SYSTEM A CASE STUDY OF FIRST CITY MONUMENT BANK PLC MAKURDI ABSTRACT This study examines the impact of information technology on accounting system. The researcher has done this research using primary and secondary sources of data thereby adopting the questionnaire method and personal interview as a data collection technique. The statistical tool adopted in testing hypothesis was analyzed using chi-square. The major findings of this research revealed that, the positive impact of information technology outweighs the negative impact and both banks and customers benefit from it. Fraud is a major problem associated with information technology as it is on the increase by the day. The research recommended that, Government should improve the electricity supply in the country; they should support local IT firms by providing loans, and lowering tariffs with a view to encouraging them in carrying out their activities. TABLE OF CONTENTS Page Tittle page - - - - - - - - i Approval page - - - - - - - - ii Declaration - - - - - - - - iii Acknowledgement - - - - - - - iv Dedication - - - - - - - - v Abstract - - - - - - - - vi Table of contents - - - - - - - vii CHAPTER ONE INTRODUCTION 1.1 Background to the study - - - - - 1 1.2 Statement of the Problem. - - - - 2 1.3 Objectives of the study. - - -...
Words: 2144 - Pages: 9
...855 ERPA 2014 Role of technology in accounting and e-accounting Aysel Güneya* a Bilecik Şeyh Edebali UniversityApplied Sciences Faculty, Bilecik, 11210, Turkey Abstract Technological developments changed methods for carrying out tasks within the scope of accounting activities and transactions related to accounting was started to being carried out through electronic media. Growth and development growing rapidly in information technologies day by day have brought digital revolution in economic, social and cultural fields. Our era is information era and when we acknowledge that accounting is an information system, the way and processes of transacting businesses of enterprises have changed with usage of information technologies in enterprises and this influenced accounting closely. Necessity of keeping up with changing conditions of accounting led educators and practitioners to new pursuits. Enabling inclusion of information era and technologic factors in education by benefiting from digital resources as well as theoretical information in accounting education provided in universities and generating an interactive environment to keep student wakeful and preferring educational model in which information technologies are used is necessary. In order to achieve that, students should be provided to take target-driven accounting courses and an educational order should be generated in which students can evaluate and interpret information beyond recording and make difference...
Words: 2546 - Pages: 11
...STUDY CASE QUESTIONS: UPS Competes globally with Information Technology 1. What are the inputs, processing, and outputs of UPS package tracking system? The inputs in the UPS package tracking system is the detailed information about the sender, the destination, and when the package should arrive. The inputs of UPS’s package tracking system was picked up from “smart label” (scannable bar-coded label) attached to the package. The tracking system also include customer signature, pickup, delivery information by using hand held DIADs. The package tracking system also input the information about the current location (while en route) of the package and billing and customer clearance documentation. The processing takes places when the information is input in the scannable bar-coded label which is attached to a package. The information from the smart label is then transmitted to one of UPS’s computer system, and then it is finally sent to the distribution center nearest its final destination where the dispatched downloads the label data. The data is transmitted to the UPS central computer and is stored for retrieval. Data is reorganized so that it can be tracked by customers. The output occurs when the dispatcher of UPS downloads the label data and uses special software to create the most efficient delivery route for each drive that considers traffic, weather conditions, and the location of each stop. The outputs include pickup and delivery times, location while en route, and...
Words: 1067 - Pages: 5
...Positive Impacts that Information Technology has had in the Finance and Accounting Fields The role of Information Technology (IT) in today’s world cuts across almost all sectors of the economy and society. In finance and accounting, IT has played a significant role in ensuring the efficiency and effectiveness of accounting and finance activities (Half, 2012). Several IT networks and computer systems have shortened the lead-time necessary for accountants to make and present financial information to firms’ managements and other stakeholders. Moreover, the IT has also improved the overall efficiency of the information provided by the accountants to firms’ management departments. Accurate information by the accountants is crucial for appropriate and relevant decision making by the company. One of the biggest impacts of IT in accounting is the development and use of computerized systems in tracking and recording various financial transactions. Before the innovation of technology and its use in finance and accounting, recording of transactions took long and was never accurate. The paper ledgers, handwritten financial statements, and spreadsheets have been translated into computer systems for quick presentation of individual transactions into easily interpretable financial report (Half, 2012). Improved reporting is necessary for investors in the determination whether a company is an appropriate investment for growth opportunities. It also determines whether it has a potential...
Words: 2100 - Pages: 9
...Characteristics of Accounting Information Systems Craig L. Granville ACC 542 April 15, 2013 Edgar Coronel Characteristics of Accounting Information Systems Introduction In the San Diego, California area there is a gourmet food store company named Kudler Fine Foods. This company was founded by President Kathy Kudler a few years ago and has three different stores located in various areas of California. Location of these stores are located in La Jolla, Del Mar and Encinitas. Her dream of the store was to create a wide selection of the freshest ingredients as well as all of the tools a gourmet cook could and would want in their pantry (Kudler Fine Foods, 2013). However, she would like to expand the business by improving the operation of the business and to increase the ability to have a better purchase selection for the customer’s within the next year. For Kudler to be able to obtain these objectives the company will need to get a better grip on the changes in technology and to create a better business opportunities for their competitors and the is very interested in giving their company identity of the generic strategy and tactics. The company is interested in finding ways of continuously scanning the fine foods and seeing if there is any updating software that is out there. The answer to the company questions are described in this paper below. Scanning of the fine foods industry The business environment is continuously changing. New competitors, products, services...
Words: 1992 - Pages: 8
...“ISSUES AND CHALLENGES IN RETAIL SECTOR AND FOREIGN DIRECT INVESTMENT IN INDIA AND ACROSS THE WORLD” INDRAJIT MITRA B.Sc. LL.B., 4th Sem. 1B-57, KIIT LAW BOYS HOSTEL, CAMPUS 16, KIIT SCHOOL OF LAW, KIIT UNIVERSITY, PATIA, BHUBANESWAR- 751024, ODISHA. Email- imitrakls31@gmail.com Mobile- 09438173993. Abstract Technology has transformed the buying behavior of customers everywhere. Technology in the store is all moving toward integration and more and more savvy customers. Point Of Sale is undergoing major changes because of broadband access, the need and ability for inventory visibility, customers ordering online, returns and pick- up in the store and also the movement toward an ASP (application service provider) model. It is broadband that will help to transfer the information fast and help retailers to serve their customers on time. Business Intelligence & CRM: Learning from International Markets-Customer service and customer satisfaction are the backbone of customer relationships. If an organisation can accurately monitor and measure customer service factors and customer satisfaction, it is easier to make appropriate corrections and ensure customer retention, good client references and new customer acquisition. POS (Point Of Sale)-Point of Sale is a place where actual sale of goods or services occurs. It often refers to the physical cash transfer that takes place between the customer and the seller or the service provider. Third...
Words: 3142 - Pages: 13
...Information technology in business practices Introduction Information Technology systems have expanded in all the companies. Information Technologies include hardware and software as well. Besides, IT may consider telecommunications networks, the management of data and many technologies based on the use of the Internet. There has been in this essay a try to show the strategic value and the utilization in production of Information Technology in business practices. Many believe that IT has a controversial value in strategic arrangement of organizations and productivity implementation, while others believe that IT affects enterprises in all the above mentioned sectors and after all that it is the backbone of every modern company. Nobody can deny that Information Technology plays important role in strategy and productivity of companies who use it. However there is a growing opinion that Information Technology has become a commodity and that has already lost its competitive advantage. The alternative opinion is that speed and flexibility may occur, via IT, into businesses. Moreover improvement of organizational structure is one more of the benefits companies can gain by the proper use of Information Technology. However in any occasion companies should innovate in continuous matter in order to conserve the strategic value of Information Technology. Main body Nicolas Carr's article “IT doesn't matter” (May 2003) expresses the opinion of senior managers concerning...
Words: 2548 - Pages: 11
...Page 1 of 13 Executive Summary Information Technology systems have expanded in all the companies. IT includes hardware and software as well. Besides, IT may consider telecommunications networks, the management of data and many technologies based on the use of the Internet. Many believe that IT has a controversial value in strategic arrangement of organizations and productivity implementation, while others believe that IT affects enterprises in all the above mentioned sectors and after all that it is the backbone of every modern company. Nobody can deny that Information Technology plays important role in strategy and productivity of companies who use it. However there is a growing opinion that Information Technology has become a commodity and that has already lost its competitive advantage. The alternative opinion is that speed and flexibility may occur, via IT, into businesses. Moreover improvement of organizational structure is one more of the benefits companies can gain by the proper use of Information Technology. However in any occasion companies should innovate in continuous matter in order to conserve the strategic value of Information Technology. Page 2 of 13 Content Executive Summary …………………………………… 1 History Of Information Technology …………………………………… 3 Why I.T. Matters and value of IT ……..…..………………………… 8 IT Doesn't Matter ……..…..………………………… 10 Conculsion ...
Words: 1879 - Pages: 8
