Finals Question #2

Finals Question #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.

The move is in line with MIS' dual strategy for growth both organically and through strategic acquisitions. The acquisition of 3CMI is part of MIS' strategic expansion plans and follows an intensive period of discussions with the management of 3CMI. Based in Dubai Investment Park, 3CMI was identified as an ideal partner to MIS for the synergies it offers both in terms of resources and business activities, benefiting both companies.
"MIS is very pleased with this new acquisition that will complement MIS' development and diversification plans, and bolster the companies presence in Dubai," said Jerry Smith, MIS Managing Director. "We consider this an excellent move to generate additional revenue for MIS and we look forward to integrating the 3CMI group into MIS and supporting the 3CMI activities in an aggressive growth plan."Yannick Damry, General Manager of 3CMI said, "Since its set-up in Dubai in 2004, 3CMI has managed to establish its reputation in the market through its flexible, dynamic and tailormade approach to the business, and we are delighted to become part of such an established strong player in the region. We are looking forward to the growth and development that this provides us and our team."


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

In having a well managed operation and skilled engineering group and workforce which will support MIS' existing business activities, 3CMI's strengths in land rig refurbishment and high pressure piping fabrication will dovetail with MIS' business activities. 3CMI, will, in turn, gain considerable access to MIS' systems and expertise, thereby growing its current position and opening it up to a broader client base and greater geographical coverage and this could be a positive impact in the company..

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

As i could see if local companies will gain considerable access to MIS' systems and expertise, by growing its current position and opening it up to a broader client base and greater geographical coverage.

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

With the use of MIS it could not be possible for every companies and organization to be Globally competitive, where it could also achieve the level of productivity and the efficiency as a whole of the company.

3.0.a What is an Accounting Information System?

Accounting Information Systems (AISs) combine the study and practice of accounting with the design, implementation, and monitoring of information systems. Such systems use modern information technology resources together with traditional accounting controls and methods to provide users the financial information necessary to manage their organizations.
3.0.b Identify or list down different accounting information systems used.
a. Payroll Accounting
b. Asset Reconciliation
c. Top Accounting Software

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

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.The use of information systems is very important in recording vital financial data that will be used in the future. 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?

Theft of Information, Money, or Equipment

* Selling or otherwise exploiting for personal advantage classified or proprietary information.
* Manipulating financial records so that, for example, checks or money transfers are made out or sent to the wrong person.
* Manipulating logistics records to steal equipment. For example, equipment may be stolen by having it shipped to the wrong location. Thefts of equipment may be covered up by manipulating inventory records.
* Copying software for personal use in violation of licensing agreements or when prohibited by rules or procedures.
* Disseminating or printing copyrighted materials (including articles and software) in violation of copyright laws.
One of the early actions of the U.S. Department of Homeland Security (DHS) was to develop the nowfamiliar color-coded security alert system: Red signaled a "severe" threat to national
security, orange a "high" threat, yellow an "elevated" threat, blue a "guarded" threat, and green a "low" threat. In the wake of the recent scandals at Enron, Arthur Andersen, WorldCom, Tyco, and others, one can imagine a similar security alert system tor threats to our financial reporting system.

Debbie Ann T. Templonuevo
ask.com