Final Question # 2

A company may adopt specific computerized database system according to their unique needs after thorough MIS planning. However, it has to be noted that MIS if properly planned, and implemented, benefits can be immeasurable on the other hand, if this is misused, then it may mean information or financial losses and opportunity and resources wasted.

From this, answer the following.

1.0.a Research one international company from the Internet and describe their MIS strategic plan in 1-2 paragraphs.
MIS UK,founded in 1988, is a leading European provider of business intelligence solutions.
The company provides a business intelligence platform and specialized know-how to build individual solutions.
The company offers customized solutions for planning, standard and add reporting, budgeting, forecasting, consolidation and analysis. These solutions can be integrated into existing IT investments, offering scalability from departments to enterprise levels.

1.0.b Discuss too the impact of this strategic plan on the company's management, competitors, customers and the company as a whole.
Provides the intelligence behind all MIS solutions, offering tools to build advanced analytical applications based on underlying multi-dimensional technology.It provides a single enterprise-wide business intelligence platform based on MIS Application which integrates information stored in existing source systems and data warehouses across organization this brings benefits throughout the organization.
2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippine.
MIS planning can increase productivity,competitiveness,based on this platform, users can utilize pre-built planning and controlling applications for enterprise planning, risk management, consolidation and subsidiary management. It helps to solve the problem and seek possible solution.
2.0.b Discuss too the possible effect on the company.
Through planning it promotes better communication to the employee and management of the company ,planning can provide better solution for every problem and some plans for the future,and the management can evaluate future plans to achieve the main goals.

3.0.a What is an Accounting Information System?
Accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information.

3.0.b Identify or list down different accounting information systems used.
Accounting Software
Payroll Accounting
3.0.c What are the benefits by the management, users and customers derived from these AIS?
The management finds their use in providing organizational planning, monitoring, and controlling every activity. There by the managerial-level employees get benefited as they are enabled to have access to superior reporting and statistical analysis. They are also helpful in gathering data, to develop different scenarios, and to decide the best possible answer among alternative scenarios.To the users the product of a certain company using AIS is more cheaper than other who did not used,because through the help of AIS the cost of processing is lower.

3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?
Security threats,data breach - typically from laptops left in pubs and disks that go missing in the post,more sensitive files must be lost every day on USB drives when someone downloads accounts records to work from home but mislays the flash drive en route or emails it to the wrong address.
http://www.sovereign-publications.com/misag
http://www.answers.com/topic/accounting-information-system
http://en.wikipedia.org/wiki/Accounting_cycle

Christine Linan