Finals Question #2

.0.a Research one international company from the Internet and describe their MIS strategic plan in 1-2 paragraphs.
ANSWER:
The AsiaBIZ company a Singapore-based market research, strategy consulting and and investment promotion consulting firm. Our coverage spans Asia Pacific's 22 biggest countries. their strategy is as follows..
A. CORPORATE STRATEGY

• Value Addition

• Asset Building (intangible and tangible asset portfolios)



B. BUSINESS UNIT STRATEGY

• Strategic Business Unit (SBU) Strategy

• 'What-if' Scenario-based Strategy



C. GROWTH STRATEGY

• Market Opportunities

• Competencies

• Management Passions

1.0.b Discuss too the impact of this strategic plan on the company's management,
competitors, customers and the company as a whole.

ANSWER:To date, their is strategy consulting services has resulted in an overall Fortune 500 client investment portfolio in excess of US$2 billion in Asia, excluding government and SME clients.

2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.

ANSWER: this strategic plan can be applied in the Philippines to any local company if their leaders and employee are has focused and determined to do their each task for the best and success of the company.
They must treat the people as valued and committed team members with a spirit of excellence, people who believe in and can follow our management to fulfill the vision, where every member is challenged, equipped and released to their highest creative and self-actualizing potential yet preserving unity.

2.0.b Discuss too the possible effect on the company.

ANSWER:THE possible effect on the company is that the service and value to their clients is to provide excellent and relevant analysis and knowledge for strategic decision making. When clients think of business, marketing, or investments, they come to this company first. and it helps so the the company will be well known not only in the Philippines but also in the other country.



3.0.a What is an Accounting Information System?
ANSWER;An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system.

3.0.b Identify or list down different accounting information systems used.

ANSWER;
Accounting information systems are useful for companies and businesses wanting to make the accounting process easier by utilizing a computer program or other system that will perform payroll and other functions. These systems, commonly including accounting software, make it easier to compile financial data for use in taxes, payroll, and other bookkeeping requirements. Recording is the first step in these systems that are used by companies including pertinent data such as expenses and profits that are very important to keep on file. After the recording phase, the information will be processed for use. When processed, it is filed in the areas where it is most important. These systems have various groupings or categories to maintain files until they need to be used in the future for whatever reasons. The final step that is part of most software programs is the communication phase. This is the process of actually utilizing the records that have been recorded and processed. Common communications of this data will be used for payroll and tax purposes. "The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want.

3.0.c What are the benefits by the management, users and customers derived from these AIS?
ANSWER:
The use of information systems is very important in recording vital financial data that will be used in the future. Major corporations, especially in the retail industry, will keep such data as sales, profits, expenses, and many other items for future use in financial reports. Recording will be done often on a daily basis, if not on a minute-by-minute basis with more complex and detailed accounting software. This is very important also because it will not only be used for daily practices, but will be necessary for tax purposes for the remainder of the year. Also, much of this data has to be kept on file for a number of years, in the event of an audit or other financial issues that may arise. Legal issues can cause severe problems and even end in the destruction of a company. By using computerized accounting information systems to organize and retain this data, companies have a much better chance to survive and succeed.

3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?