...Chapter 1 + case study 1. How can information technology support a company's business processes and decision making and give it a competitive advantage? GIve examples to illustrate your answer. The term information technology refers to the various hardware, software, networking, and data management parts that are a neccessity for the system to function (pg. 8). Businesses regularly utilize computer-based information systems in order to record customer purchases, keep track of inventory, pay employees, buy new merchandise, and evaluate sales trends. Without the support of information technology, businesses would ultimately fall apart. For example if a business did not choose to use computer-based information systems, they wouldn't be able to evaluate what items were selling better than others and ultimately lose valuable information for future success. Information technology can also aid in decision making for a business. Decisions are made based on analysis provided by computer-based information systems. For example a store manager may make the decision whether to discontinue an item for sale or keep it on the floor due to analysis of sales trends provided by computer-based systems. Lastly information technology helps business gain a competitive advantage. A competitive advantage is gained through computer-based information systems by applying innovative application of information technologies (pg. 9). For example a store manager installing touch screen kiosks throughout...
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...Capital Project – Practice Management System Amy Guerber HCS/571 August 30, 2015 Professor Linda Roan Practice Management System In medical practices, the investment in a practice management system is necessary to effectively manage the operations of all departments. A typical practice management system captures billing data, patient demographic information, strategic reports, and appointment scheduling. The HITECH Act of 2009 requires that patient demographics, as well as disease data, are collected and reported to federal and state health agencies in electronic format (CDC, 2012). As a result, our practice has made the decision to invest in the purchase and implementation of the Greenway Health practice management system. The purpose of this paper is to provide background on the system, identify the management and organizational goals for selecting this system, the benefits to the organization, and the justification for this capital investment. Greenway Health Practice Management As a web-based application, the Greenway Practice Management system has been selected as the preferred solution because of its ability to verify benefits eligibility for patients, manage patient scheduling and patient billing. The application will streamline the billing process for the multiple office locations in our practice, allowing for centralized management. A primary feature of the Greenway Health Practice Management system is its commitment...
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...a long time, university-managements have put much investment in IT security appliances towards improving system security, (Bichanga & Obara, (2014). Despite continued investment in IT security, there is increased frequency at which security of university information systems are getting breached thus compromising productivity and security of information systems that support teaching, learning, administrative and research activities, (Vacca, 2012). Research studies indicate that to ensure better IT security management, a reliable way of determining security status need to be considered besides heavy investment in security appliances, (Mong'ira, 2011). This is supported by Broadbent (2007),...
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...businesses with investment management focus in diverse sectors (securities and capital markets, communities’ development and management, manufacturing, Trading, and oil and Gas) with a commitment to contribute to the economy of the country. A highly dynamic, growth oriented, federated organization where daily changes in business interests, processes and key personal is a business norm. Internal regulatory requirements are the presentation of quarterly enterprise performance reports to the shareholders for a portfolio of 5 holding companies, where each holding has several operating companies, investments and joint ventures. A second requirement is the development of monthly performance reports to the boards of the 5 Holdings where strategic decisions are based. External requirements are mainly the exchange of data with financial institutions and prospect partners as needed. A business challenge in aggregating data from diverse systems, highly manual processes and shortage in skilled resources, slow adoption of business processes automation, and minimal internal analysis due to excessive time needed to produce consolidated reports. Budgeting and distribution of capital is managed centrally. Due to the nature of the shareholders, financial information security is fundamental in any process. Industry Trends 1. Enterprises are widely adopting Enterprise performance management systems with focus on planning, budgeting and forecasting; management reporting; and financial...
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...Knowledge Management System According to Lin and Tseng (2005) defined Knowledge Management System is rapid development of the internet and information technology pushed the world into the era of a new economy. Damodaran and Olphert (2000, as cited in Li, Liu and Liu, 2016) explained that Knowledge Management Systems are information systems that are perceived as facilitating organizational learning by capturing important content and process ‘knowledge’ and making it available to employees as necessary. Alavi and Leidner (2001) well-defined that Knowledge Management System is an information system that is specifically developed to facilitate the processes of creating, storing, retrieving, transferring, and applying organizational knowledge. Dimitrijevic (2014, as cited in El Said, 2015) simplified that Knowledge Management System is a system for applying and using knowledge management principles throughout a process to create, transfer, and apply knowledge in organizations. From organizational point of view, Kanjanabootra, Corbitt and Nicholls (2013) highlighted that...
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...Study on Standardization of Management Accounting Li-qun Pang Department of accounting, Jilin Business and Technology College 130062, Changchun, China pangliqun1965@126.com Abstract. In order to solve the apparent lack of standardization problem of management accounting theory, because this problem is not only restricted the management accounting application and promotion in China's enterprises, but also hindered their own theory the depth development and research efficiency. This paper describes the standardization of management accounting principles, this paper discusses the basic theory that the standardization of management accounting, Analysis of building management accounting theoretical framework the various elements and the logical relationship between them, and select the appropriate logical starting point as a starting point to build the foundation of management accounting theoretical framework. Keywords: management accounting, standardization, basic principles, basic theoretical system, theoretical framework. 1 Introduction Management accounting as one of the two branches of modern accounting, after decades of development, both in theory and practice have made some development, its important role of business management has gradually been of concern to the community, and follow-up is considered the accounting industry development. But in general, Management accounting in China there are still many problems, as opposed to the development of more sophisticated financial...
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...of the Currency Administrator of National Banks Management Information Systems Comptroller’s Handbook May 1995 Management M Management Information Systems Introduction Background Risks Associated with MIS Assessing Vulnerability to MIS Risk Achieving Sound MIS MIS Reviews Examination Objectives Examination Procedures Internal Control Questionnaire Purpose MIS Policies or Practices MIS Development User Training and Instructions Communication Audit Conclusion Verification Procedures Table of Contents 1 1 3 4 5 6 9 10 17 17 17 18 19 20 20 21 22 Comptroller's Handbook i Management Information Systems Management Information Systems Background Introduction A management information system (MIS) is a system or process that provides the information necessary to manage an organization effectively. MIS and the information it generates are generally considered essential components of prudent and reasonable business decisions. The importance of maintaining a consistent approach to the development, use, and review of MIS systems within the institution must be an ongoing concern of both bank management and OCC examiners. MIS should have a clearly defined framework of guidelines, policies or practices, standards, and procedures for the organization. These should be followed throughout the institution in the development, maintenance, and use of all MIS. MIS is viewed and used at many levels by management. It should be supportive of the institution's longer...
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...organization s information assets begins by creating or validating an existing security blueprint for the implementation of needed security controls to protect the information assets. A framework is the outline from which a more detailed blueprint evolves. The blueprint is the basis for the design, selection, and implementation of all subsequent security policies, education and training programs, and technologies. The blueprint provides scaleable, upgradeable, and comprehensive security for the coming years. The blueprint is used to plan the tasks to be accomplished and the order in which to proceed. What is information security governance? Governance is “the set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risks are managed appropriately and verifying that the enterprise’s resources are used responsibly.”1 Governance describes the entire process of governing, or controlling, the processes used by a group to accomplish some objective. Just like governments, corporations and other organizations have guiding documents—corporate charters or partnership agreements—as well as appointed or elected leaders or officers, and planning and operating procedures. These elements in combination provide corporate governance. Each operating unit within an organization also has controlling customs, processes, committees, and practices. The information security...
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...support systems and knowledge management practices. This analysis will examine the strengths, weaknesses, opportunities and threats for Accenture within today’s complex business atmosphere. Organizations today are striving to remain competitive in a market that is not only complex but constantly changing. Organizations that are both private and public are under pressures that force them to respond quickly to changing conditions and be innovative in the way they operate their business. Once this investigation is complete organizations that are large, small, public, private or even nonprofit will benefit from the findings and gain a better understanding of how to implement knowledge management initiatives into their standard company best practices. Background Accenture is a global management consulting, technology services and outsourcing company. The company has experience capabilities across all major industries and business functions worldwide. Its business is structured around five operating groups, which together comprise nineteen industry groups. Accenture provides services to its customers through a global delivery network of over 50 centers (Accenture plc, n.d.). At the top of the list for Accenture’s top competitors is global giant IBM. IBM is one of the largest leading business intelligence companies in the market today. Like most large consulting firms, Accenture has been able to stay competitive by constantly adapting to the changes around knowledge management. All...
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...Evolution of Health Care Information Systems Since the early 1980s, the U.S. health care system has experienced a rapid growth in the sector of health care information technology. This growth can be viewed as an attempt to standardize our fragmented health care system. The health care information technology is no longer an option but a necessity to be compliant with the mandated federal regulations. President George W. Bush in 2004 asked health care providers to implement Electronic Health Records (EHR) by 2014. The Joint Commission for the Accreditation of Health Care Organizations (JCAHO) and Health Insurance Portability and Accountability Act (HIPAA) also joined this initiative by asking health care providers to be compliant with the new legislation. Many community-based physician practices previously reluctant to embrace technology are realizing the benefits of the health care information systems, such as computerized physician order entry (CPOE), electronic medical records (EMR), tele-medicine, complex disease management, and automated billing systems. The purpose of this paper is to compare and contrast a contemporary health care facility with a health care facility of 20 years ago. Additionally, the paper will identify at least two major events and technological advantages that influenced the current health care information system (HCIS) practices. Definition of Health Care Information Systems Prior to discussing the evolution of HCIS in the last two decades, it would...
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...Security Policies and Standards - Best Practices Course of Study This course supports the assessments for VLT2. The course covers 3 competencies and represents 3 competency units. Introduction Overview The skills and knowledge measured by performance assessment VLT2 are derived from a survey of information security professionals from around the world and are also based on the many different information security and assurance frameworks (ISO 27001/2, COBIT, ITL, etc.). The results of this survey were used in weighing the subject areas and ensuring that the weighting is representative of the relative importance of the content. The Security Policy and Standards subdomain focuses on creating organizational security activities and policies; assessing information security risk; and implementing and auditing information security management programs, information assurance certification programs, and security ethics. Watch the following video for an introduction to this course: Competencies This course provides guidance to help you demonstrate the following 3 competencies: Competency 427.3.2: Controls and Countermeasures The graduate evaluates security threats and identifies and applies security controls based on analyses and industry standards and best practices. Competency 427.3.3: Security Audits The graduate evaluates the practice of defining and implementing a security audit and conducts an information security audit using industry best practices. Competency 427.3.4: Certifications...
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... A New Look At Management Accounting Mohammad Talha, King Fahd University of Petroleum & Minerals, Saudi Arabia John B. Raja, Multimedia University, Melaka, Malaysia A. Seetharaman, S P Jain Center of Management, Singapore ABSTRACT This paper presents a comparison of the traditional management accounting with the new approach of management accounting with the use of latest information technology and manufacturing technologies. The information and data of the research were gathered from various sources of secondary data. Many online articles and journals were available through these search engines such as Google, Infoseek, Lycos, Excites and Altavista. These articles were downloaded from Internet Websites including IFAC library, CPA online newsletters, Institute of Management Accountants, CIMA (Chartered Institute of Management Accountants), Technical Bulletin and Institute of Commercial and Financial Accountants. The modern techniques used in Management Accounting are discussed. TQM (Total Quality Management), ABC (Activity Based Costing) and BSC (Balanced score card) are some of the tools that are introduced in management accounting to keep up with the latest technology. This research highlights the emergence of new, more proactive management accounting that increasingly becomes part of the management team with the business process. The future roles and expectations of these accountants in the competitive global economy are discussed. Keywords: Management accounting, Standard...
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...involvement in information system development influence positive organisational change toward the system? This document has been prepared for reading by anyone interested in information systems and how users involvement can influence change to organisation. By Nybor Yam8 April 2013 | Introduction Information systems play a core role in business today by enabling the organisation to function effectively and efficiently. Despite applying best practices, controlled procedures and methodology’s it is quoted that two out of three IT projects will fail which is often associated with a lack of attention to the softer management practices such as culture change, organisation development and user involvement (Coombs, Doherty, Clarke 2001, Maguire, Redman 2007, Nelson, 2007). Today’s organisations must strive for systems that are technically sound, fulfil all user’s needs and provide quality results. With organisations relying more heavily on information systems to perform many of its business processes the information systems should be integrated within the organisation’s culture as well as supporting work practices (Maguire, Redman, 2007). Involving end users in the information systems development process is one approach that is much supported by a variety of literature. While it is generally accepted within literature that user involvement in information systems development does improve the prospects of the users accepting the system therefore enhancing system success,...
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...School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT University Swinburne University of Technology The University of Ballarat The University of Melbourne Victoria University WESTERN AUSTRALIA Curtin University of Technology Edith Cowan University Murdoch University The University of Notre Dame Australia University of Western Australia SINGAPORE Nanyang Technological University Singapore Management University Page 3 3 3 3 3 4 4 4 4 4 5 5 5 6 6 6 7...
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...This paper focuses on the success factors for the system integration of the Metropolitan Medical Group and Oak Grove Medical Group. How to secure access to healthcare data, updated of proper records, integrity and security issues, as well as some implications. The critical success factors for the system integration of the two practices are: the practices grown from one office to five offices with new services such as laboratory services, gynecological practice, x-ray and mammography screening, as well as nutrition counseling. Integration management is an element that coordinates every aspects of system integration. When properly performed, it will run all system smoothly. Integration management will also produce chains of deliverables that includes implementation and planning. The integration of the practices has some management implications such as the quality of the data is not consistent and accurate, repeating entry, verification of patient’s insurance, omission or incorrect update of patient records all this can put the organization at risk. For example, the desk clerk forgot to verify Mrs. Smith insurance provider’s information. They need to apply rules to standardize their data, as well as transforming it. These are complicated in their organization; it can permit errors or poor quality of data. More so, accurate and updating process is very essential in healthcare organization. To ensure proper updating of patient’s records, flow of data must be well organized...
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