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08.06 - Mas

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17 views2 pages

08.06 - Mas

Uploaded by

verronabellagarcipleimiti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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*An Enterprise Resource Planning (ERP) is a computerized information system that

strives to input data once and make it available to people across the company for
different purposes; An Enterprise Resource Planning (ERP) system is business
process management software that allows an organization to use a system of
integrated applications to manage the business and automate many back office
functions related to technology, services and human resources. Transactions are
processed on a real-time basis to keep data records updated immediately.
Components of the ERP system:
-Cost management information system
-internal accounting system
-financial accounting system

*The increased importance of costing our activities in the value chain and
determining the cost of different suppliers and customers has led to the emergence
of EDI and supply chain management.
Electronic Data Interchange (EDI) is the electronic interchange of business
information using a standardized format; a process which allows one company to send
information to another company electronically rather than with paper. It allows
trading partners to have access in each data records to enhance raw material and
product delivery and costing. A successful JIT is dependent on the proper
utilization of EDI. OLAP (Online Analytical Processing) is the technology behind
many Business Intelligence (BI) applications. OLAP is a powerful technology for
data discovery, including capabilities for limitless report viewing, complex
analytical calculations, and predictive “what if” scenario (budget, forecast)
planning. Computer-aided manufacturing (CAM) also known as Computer-aided Modeling
or Computer-aided Machining is the use of software to control machine tools and
related ones in the manufacturing of work pieces. Theory of Constraints (TOC) is a
strategy in maximizing production constraints by managing the bottle neck
operation.

*processes associated with an accounting information system:


-collecting and recording data
-analyzing and managing data
-summarizing data
-providing information to users

Auditing existing data comes after the Accounting Cycle or ‘transformational


process’ of accounting information system (AIS). AIS is the system that converts
transactions to financial statements.

Performance reporting is not part of the Accounting Cycle or ‘transformational


process’, it is part of the control function of management.

*Competitive advantage refers to factors that allow a company to produce goods or


services better or more cheaply than its rivals. These factors allow the productive
entity to generate more sales or superior margins compared to its market rivals.

*Cost management information systems further competitive advantage by supporting


three fundamental organizational goals such as:
-improved time-based performance
-improved quality of products and services
-improved efficiency

*The operational control system is concerned with what activities should be


performed and assessing how well they are performed.
The control function of management intends to make sure that the desired objectives
are attained. In the planning and control functions, standards are set as basis of
performance evaluation. After planning is actual implementation of plans. Part of
the control function compares actual results from plans to determine corrective
actions that can be done to improve future operations

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