Managerial Accounting Essay

Due to positive turnout of many melodic linees, cross-functional compound systems is not only becoming a trend but go out be here to stay. The whole system provides savings from time, cost and superior comp atomic number 18d to manually re-entering of data from one avocation function system into anformer(a)(prenominal) system especially if it is still on a non-integ valued environment. Thru the integrated systems, the managers fecal matter have direct access to relevant information signifi hind endt to a decision. This also provides the learns of the customers, suppliers and short letter partners as well. In terms of operations, line of products enterprise runs smooth given the cross-functional systems. This saves times and dramatically improves the efficiency of total operation. it can act strategically 3. Which of the 13 quills for accounting information systems summarized in Figure 7.18 do you feel argon requirement for any air to have today? Which of them do you feel atomic number 18 nonmandatory, depending on the oddball of business or other factor in? Explain.Essential 1) Sales monastic order Processing- This is how orders are bordered without this incoming and outgoing orders is not monitored. Since my company deals with render retailing it is very grave that orders are managed and delivered to our customers.2) Sales Analysis- This is very important since we have to analyze well if our sales are picking up or not, it is where we understand the needs and wants of our customers. This also helps us analyze what factors to picture in handling our products sales (such as supply and demand, margins, prices and grocery).3) Accounts Receivable- This is where we monitor our receivables from our customers. Without this, we testament not be able collect our sales. This is also a tool in monitoring our companys profitability.4) Accounts Payable We also need to monitor our dues from our supplier and customers so that we can settle our payable s to them.5) Purchases- It is very requirement for a business that purchases are monitored and managed (in terms of descent, supply chain (since we do retailing), turn around time of our products, prices, margins, costs, payments and dues).6) Inventory Processing- without taking note of inventory processing inventories, costs of the producst, prices will not be managed well. It is very essential that business nowadays have to have competitive advantage, for example, for us in retailing, we have to manage our inventorys prices and turnover, our payables and our sales.7) General Ledger- it is where we see the have it away transactions of the company be it in inventory, accounts payable and receivables, and sales.8) Payroll- Business cannot dwell without employees, it is were employees 9) services are being compensated, with the systematize approach that we have employees are given salaries in no sweat since it is already organized.All the above mentioned systems are the common sy stems used in Business accounting and about of them are related to inventory which is I think is the major factor to consider in a business.Optional 1. Billing- this is were we know the due of our customers and our suppliers.2. hard cash receipts- it were we manage dues and receivables, this helps us in managing our taxes also (BIR implications are being managed for recording).3. bullion disbursment4. Financial reporting- we have stakeholders and shareholders and the company as well have teeming view of the reports to know the companys stability.5. TimekeepingThose 5 systems are optional because it is part of the back end support on the briny business.4. What other solutions could there be for the difficulty of informationsystems incompatibility in business besides EAI systems?Alternative to an EAI (Enterprise Application Integration) in performing data transmutation and coordination, application communication and messaging services and access to the application interfaces are the following First, for data revolution andcoordination and all related to capturing data, a business can use a POS (point of sale) with a huge size of legion as an alternative of EAI while for the communication and messaging services, a business can use the ECS (Enterprise Collaboration system) as an alternative tools in enterpise collaboration.7. How can Internet technologies be involved in improving a process in one of the functions of business? Choose one example and gauge its business value. Internet technologies has helped on improvements in capturing data to include conversion and coordination and also improvements in communication and messaging services.In our company, an example of this is the debut of dealers portal. Dealers portal consists of all related information of the dealer. This includes the online placing of orders, monitoring their deliveries, statement of account, online filing of technical involve, training request and the status of all their reimburseme nts. In this improvement, this would reduce the communication chain and change the real time transactions of request of each dealers.CHAPTER 8 countersign Questions 1. Should every company become a customer-focused business? Why or why not? Yes, a company is nothing without a customer. They are the bread and butter of the company. However, there are some companies that focuses for two main customers the internal (employee) and the external customers. They include internal because they consider their employees as their customers to murder their loyalty and for them to work harder which in result is customer satisfaction.2.Why would systems that enhance a companys relationships with customers have such a high rate of trial?Reasons for high rate of failure 1. pitiable coordination and communication introductory to the release of the new system2. Not properly implemented3. Poor cooperation with some of the employees4. How could some of the spectacular failures of ERP systems have b een avoided?Things to consider to avoid failure of ERP systems 1. Proper planning and coordination prior to the implementation2. Planning should consider the manageable problems that may be encountered during the implementation.3. Proper training to all employees who will be using the system7. How can the problem of overenthusiastic demand forecasts in supply chain planning be avoided?Things to consider to avoid the problem of overenthusiastic demand forecasts in supply chain planning1. fortitude of moving dashboard (sales forecast) on a quarterly basis.2. Assign a point person for each department involved3. Weekly concourse to update activities for each department involved.4. Proper analysis on the market trend