文档介绍：The Functional Role of Information Systems in Supporting Finance and Accounting Processes
Management Information Systems
This document examines the functional role of information systems in supporting the finance and accounting unit of pany. It examines how important the finance and accounting unit is to the business and how information systems play a part in the ess of the business.
Marcelle Zitz
4/13/2010
Contents
Executive Summary 1
Introduction 1
The Accounting Cycle 2
Managerial Accounting 3
International Business 6
Accounting and Ethics 6
Regulations and Information Systems 7
Conclusion 8
Works Cited 9
EXECUTIVE SUMMARY
The finance and accounting unit is a ponent of a business. Information systems support the finance and accounting unit of a business. Data that is collected by this unit can be turned into important information that will give the business petitive advantage. This information can also be used by managers to plan, organize, lead and control their departments. In addition to being valuable information, this information must be kept in a manner that is pliance with Sarbanes-Oxley Act and international laws if they apply to pany. An information system that is integrated with other information systems in pany can lead the business to great ess.
INTRODUCTION
Typical anizations have many different functional business processes. They can include sales and marketing, manufacturing and production, human resources and finance and accounting. These business processes work together so that the business can be essful. One area that every business relies on is the financial anizational unit. This unit not only prepares financial documentation of the business, it also provides valuable information for all other business processes. Some of the business processes that the finance unit affects directly are asset management, inventory management, cash handling and banking, budgets, forecasts and reporting, payroll, managing sales of goods and se