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How information system helpful in finance department?
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 If you need anymore information about this you can write to writequery@gmail.com
Explain the relationship of finance in various department of an organisation?
financial plays the main part in business like marketing does. it keeps all the records of the business which is shared between all the employees in an organisation. hope this answer helps! :) good luck
What is Brazil's main work based sources of income?
Brazil's main work-based sources of income include agriculture, mining, and services. The agricultural sector is a significant contributor, with Brazil being a leading exporter of commodities like soybeans, coffee, and beef. The mining industry, particularly iron ore and gold, also plays a crucial role in the economy. Additionally, the services sector, encompassing finance, tourism, and retail, has increasingly become a major driver of income and employment in the country.
Who said finance is the life blood of business?
The phrase "finance is the lifeblood of business" is often attributed to various business leaders and educators, but it is not linked to a single individual. The sentiment emphasizes the crucial role that financial management plays in sustaining and growing a business. It underscores the importance of financial resources in operations, decision-making, and overall success.
How does production department and finance department work together give an example?
Corporations all have different approaches regarding the communications between production, finance and the accounting departments. Generally speaking, should top level management decides to increase production of a particular product, they will consult the production department as to the feasibility of this task. Assuming that production has the necessary assets to follow top management's decision, the production department will inform the finance department and or Accounting department as to the new costs of implementing the increased production. The finance department can determine if there is cash on hand to carry this out or whether the company's credit line will have to be utilized to provide the funds. Accounting plays a role as this department can speak about the anticipated accounts receivables. Once the three departments can reach a consensus on the costs of increased production & how it will be financed, they will report this information to top management for their final decision.
How information system plays an increasingly vital role in every function and department of modern business like?
It can't
How information system helpful in finance department?
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 If you need anymore information about this you can write to writequery@gmail.com
What is the use of information system by employee in their work?
an information system plays a great part in decision making as the employee can access information required easily.
What is luxembourgs major industries?
Luxembourg's major industries include finance, steel production, and information technology. The financial sector, particularly banking and investment funds, plays a crucial role in the country's economy. Additionally, Luxembourg has a strong steel industry, historically significant for its economic development, and it is increasingly focusing on technology and digital services. The country is also fostering growth in logistics and space technology sectors.
What is Administrative information system?
An Administrative Information System (AIS) is a framework that supports the management and administration of an organization by facilitating the collection, storage, processing, and dissemination of information. It typically includes software and hardware components designed to streamline administrative tasks, enhance decision-making, and improve operational efficiency. AIS can encompass various functions such as human resources, finance, and communication, enabling effective data management and reporting within an organization. Overall, it plays a crucial role in ensuring that administrative processes run smoothly and effectively.
Is business study the same as business fiance?
HI!no, business studies is not the same as business finance. although business finance is included in a business studies course; finance obviously plays a big part in a business.:)
What independent agency is attached to the executive branch administers all federal law dealing with campaign finance?
The independent agency attached to the executive branch that administers all federal law dealing with campaign finance is the Federal Election Commission (FEC). The FEC is responsible for enforcing federal campaign finance laws, overseeing the disclosure of campaign finance information, and regulating the financing of federal elections. It plays a critical role in ensuring transparency and integrity in the electoral process.
Is defined as an active system that receives information from the senses organizes and alters information as it stores it away and then retrieves the information from storage?
This description refers to the human cognitive system, specifically the processes involved in perception, memory, and information processing. It encompasses how sensory input is transformed into meaningful information, organized for storage, and later retrieved for use. This dynamic system plays a crucial role in learning and decision-making.
What name is given to the negative feedback system that receives information and coordinates a response?
The name given to this system is homeostasis. It plays a key role in keeping the body's internal environment stable by receiving information about changes and then coordinating appropriate responses to maintain balance.
Identify and explain at leangth the various element of an information system?
An information system consists of hardware (computers, servers), software (applications, programs), data (information stored), procedures (rules, guidelines), and people (users, administrators). Each element plays a crucial role in enabling the system to process, store, transmit, and retrieve information efficiently. Hardware provides the physical infrastructure, software offers the necessary tools for data processing, data serves as the core information, procedures regulate how the system functions, and people interact with and manage the system to achieve organizational goals.
What system plays the key role in allowing organisms to have offspring and pass on their unique genetic information.?
The reproductive system is crucial in allowing organisms to have offspring and pass on their unique genetic information through the transmission of DNA from parent to offspring. This system involves specialized organs and processes such as gamete production, fertilization, and gestation.
What does the periventricular system do?
The periventricular system is a network of structures surrounding the brain's ventricles and plays a role in regulating fluid balance within the brain, supporting neuron function, and contributing to the formation of cerebrospinal fluid. It also plays a role in coordinating motor function and modulating sensory information.
