FINAL QUESTION NO. 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.
-----Australian National University. This primarily outlines the technology objectives and performance standards for the university's MIS organization. They Review and Define Strategic Corporate Goals, Review and Analyze Current Technology Infrastructure, Determine Tactical Technology Goals, Create a List of Proposed Projects, and Define the Implementation Timeline.

1.0.b Discuss too the impact of this strategic plan on the company's management,competitors, customers and the company as a whole.
-----On company's management, it became a big help because it would push them to review their strategic goals. It would remind them of their objectives. It would also increase their competitive skills because they would be creating list of proposed project. And in the entire company, there is a time line that would force them to really function.

2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.
----- With proper definition of goals for them to have a guide. Then their having an involvement of technology to help them fulfill their system planning. And in planning their must be a propose projects then set a time line. If this will be applied in a local company, i think it will result to a good production.

2.0.b Discuss too the possible effect on the company.
-----This would effect to a bigger costs on the company. In the part of the employees this would require them effort and enough time to formulate the system planning that could possibly be pressure.

3.0.a What is an Accounting Information System?
-----An 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. www.wikipedia.com

3.0.b Identify or list down different accounting information systems used.
-----Here are some list of the accounting information systems: Payroll Accounting, Asset Reconciliation, Top Accounting Software

3.0.c What are the benefits by the management, users and customers derived from these AIS?
-----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.

http://www.christianet.com/accounting/accountinginformationsystems.htm

3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?
----- there are serious attacks possible against our financial reporting system, financial markets, and economy. Scarce resources, including time and money, are being embezzled, misappropriated, or diverted. Investor confidence has been shaken and management has become pessimistic about the future. The government has responded with costly regulation and increased oversight of the executive management and the accounting profession. Information security is experiencing dramatically increased threats.

http://findarticles.com/p/articles/mi_qa5346/is_200705/ai_n21288682/