final question # 2

>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.
Answer:
Toyota Motor
Everyone agrees that having a management strategic plan for IT is a good thing but most ... companies throughout Europe, are already using the on-demand service.

Toyota Motor has standardized on Salesforce.com's multitenant on-demand service in less than three months to enable full integration of its sales environment.

The carmaker said its migration onto the service means it can now automate many day-to-day sales processes, allowing its sales territories to work together more efficiently and improve responsiveness to customers.

Account managers at Toyota Motor headquarters in Belgium, as well as Toyota National Sales and Marketing companies throughout Europe, are already using the on-demand service to target, acquire and manage day-to-day relationships with multinational fleet customers.

The firm said one of the main reasons for choosing the on-demand application lay in its ability to integrate with back office systems and external sources of information regarding vehicle data.


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:
Toyota is famous for lean manufacturing, but the No. 1 automaker applies the whole lean philosophy way beyond the production floor. Lean is a “knowledge environment,” says Nick Dieltsien, who’s responsible for strategic planning at Lexus Europe.
The information systems for the Toyota Motor Company (TMC) can clearly be evaluated by using SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). The biggest strength of Toyota's information systems is their ability to integrate their company goals globally by using their systems effectively. For example, Toyota reaches its customers in different markets by using different online web systems for different world regions. Although, there are multiple websites and systems for each of the world regions, such as North America and Europe, the systems all link back to a worldwide website.

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

ASK an MBA which companies are the consummate long-term planners, and chances are he will plump for the international oil giants. That oil companies peer far ahead should not be surprising: theirs is a business in which a single project can easily take ten years from drawing board to production. But although oil companies have been churning out strategic plans and forecasts since the mid-1960s, they were badly wrong-footed each time the oil price hiccoughed in 1973-74, 1979 and 1986. Now they are changing both the way they create plans and the way they use them.

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

the possible effect on the company in depends on the situation for example if the company has a problem in their financial or they has a problem with their employee, in addition the possible effect, one if your business have a potential to progress or your strategy are very effective to attract your customer or else your strategy are not effective that cause the failure of the operation of your business. How were the threats addressed? What were the damages?
Answer:



3.0.a What is an Accounting Information System?
Answer:
Being an information system, an accounting information system must have a target system. It should be obvious that the target system must be business operations in a narrow sense. Other non-accounting aspects of business operations are covered by information systems such as Human Resources Information System, Management Information System, Production Planning/Scheduling System, Strategic Planning System, and so on. The target system for an accounting system has to do with the aspects of business operations that have to do with accountability for the assets/liabilities of the enterprise, the determination of the results of operations that ultimately leads to the computation of comprehensive income, and the financial reporting aspects of business operations.


3.0.b Identify or list down different accounting information systems used.
Answer:
accounting software is a valuable tool to help keep the costs of balancing the books down. An accounting information system makes accounting a much simpler process and for small businesses can mean reducing the need of hiring an accountant. The software is very advanced today and is often used to help with business strategy. It can monitor sales and expenses in various patterns which can help determine your best selling periods and your weakest product lines. Tax calculation is made much easier and can help reduce those year end stresses when your tax returns have to be sent in. The most popular accounting information system used in UK business is Sage. This has been a market leader for several years and in it's time has seen numerous updates that improve its stability and functionality. Different business models need different packages however and it is important that you get the right package rather than just opt for the current market leader. There are many different business models out there that handle money differently and this has a significant impact on the software you choose to adopt. For instance, a business that deals mainly with cash transactions will log there sales differently to one that uses a digital sales system. Digital sales can utilize more advanced accounting software that can automate the tracking and logging of transactions across several department.


3.0.c What are the benefits by the management, users and customers derived from these AIS?
Answer:This can have huge logistical benefits and can also improve efficiency of cash flow which is important for modern business. The additional benefits from using accounting software is that the accounts department of your business will rely less on experienced accountants to handle the books which consequently can help to reduce the labor costs within that area. A good IT infrastructure is needed however to implement such software so it might not be feasible for everyone. While there are simpler packages that can be used in a basic IT setup, the advanced software such as Sage does require local area network functionality to all the departments that will use it.

3.0.d Cite any threat or misuse of these AIS by a specific company.How were the threats addressed? What were the damages?
Answer:Threats to accounting information systems come from a variety of sources. If ignored, they can destroy the relevance and reliability of financial information, leading to poor decisions by various stakeholders. (For specific examples, the Sidebar lists the top 10 concerns identified by a 2006 AICPA survey.)
At the point of data collection, it is important to establish security controls that ensure that transaction or event data are valid, complete, and free from material errors. Masquerading (pretending to be an authorized user) and piggybacking (tapping into telecommunications lines) are examples of hacker activities that can seriously impact valid data collection.









Reference:http://www.albany.edu/acc/courses/acc681.fall00/681book/node7.html#SECTION00223000000000000000
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