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IT FOR MANAGERS
AP Shareef MBA, M.Com, NET
Asst. Professor in Management, Markaz Law College
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Software
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
SOFTWARE
 A set of computer instructions is called a
program. A set of computer programs is called
a software. It is a collection of programs which
increase the capabilities of computer
hardware. The process of developing software
is known as programming.
 Software is intangible
 Software is the soul of computer
 It activates the dead machines.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
System software
 Computer software designed to operate the
computer hardware and to provide a platform
for running application software is what is
system software. It controls the entire
computer program. System software helps use
the operating system and computer system.
 It controls all operations
 Moves data into and out the computer
 It is essential for
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Operatingsystem An operating system is a program designed to
run other programs on a computer. It is that
part of a system software which acts as an
interface between hardware and end user.
Operating system is considered to be the
back bone of a computer, managing both
hardware and software.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Basic functions of an operating system
 Schedule jobs
 Manage hardware and software resources
 Maintain system security
 Enable multiple user resource sharing
 Handle interrupts
 Maintain usage records
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Types of Operating system
 Single tasking: It allows only one program to run
at a time. One program has to close for opening
another program.
 Multi tasking: It enables a single user to have two
or more applications open at the same time.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 MS DOS: MS Disk Operating System
 Non graphical command line OS
 Released in 1981 and last updated in 1994
 User is required to type commands instead of
using a mouse.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Micro Soft Windows
 GUI
 No commands
 Simple and user friendly
 Multi tasking features
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Windows versions
 Windows 1995
 Developed for home and professional users
 Network ready OS
 Windows NT
 Known as New Technology
 A stable multitasking environment
 Enhanced security features
 Increased memory
 Network utilities
 Portability
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Windows 2000
 It is used on personal computers,
 business desktops, laptops and servers
 Windows ME was designed for home use while 2000
for business purpose
 Windows XP
 It was released in 2001
 Home and Professional variants
 Features
 Faster start up
 User friendly interface
 Fast user switching
 Clear Type font rendering mechanism
 Remote desktop functionality
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Windows vista
 Released in the year 2007
 Comes with many technical changes
 Updated GUI
 Visual style dubbed aero
 Redesigned search function
 Multimedia tools (Windows DVD Maker)
 Redesigned networking, audio, print, and display
subsystems
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Windows 7.0
 It is designed for
 Home & Business desktops
 Personal computers
 Laptops
 Notebooks
 Tablet PCs
 Media centre PCs
 It was more focused on applications and hardware
 It excluded Windows calendar, Windows Mail,
Windows Movie Maker and Windows Photo Gallery.
 These are offered in Windows live Essentials Suite.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 UNIX OS
 Unix OS is a computer OS
developed in 1969 by a group of
American Telephone & Telegraph
Company employees at labs
 Featured with client server model
 Unix is generally seen as an OS
on workstations or a network
server
 It allows multiple processors going
at once
 Unix philosophy
 Use of plain text
for storing data
 Hierarchical file
system
 Use of large
number of
software tools
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 MAC OS
 GUI
 Developed by Apple Inc.
 First introduced in the year 1984
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Classic Mac OS
 Completely graphical OS
 Ease of use
 Cooperative multitasking
 Mac OS X
 Server edition
 Runs on Apple’s line of Macintosh server hardware
 Includes work group management and administration
tools for key network services
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Linux OS
 It is a UNIX-Like operating system
 Modifiable codes
 Used on devices from supercomputers to wrist
watches
 Widely adopted for servers and embedded
systems
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Other system software
 Device drivers: These are small files that act
as an interface between hardware and the
operating system in a computer. Hardware
requires device drivers so that the OS can see
the device and handle them properly.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Utility programs or Service programs.: these
are system programs for performing general
system support tasks. Following tasks are
performed by utility programs.
 Sorting and storing the data
 Checking or scanning the data for security
 Making a copy of all information
 Deleting, renaming, moving, copying, merging,
generating and modifying data sets.
 Providing encryption. Etc.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
• Compilers: High level language Machine
level codes (translation is done at once
before the program is executed)
• Interpreters: High level language
Machine level codes (translation is done line
by line)
• Assemblers: Assembly language
Machine level codes
Language translators:
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
General purpose
software
 This software provides the framework for a great
number of business, scientific, and personal
applications.
 Word processors: It is a document preparation
system. E.g. MS Word, Polaris Word
 Spreadsheet program: Commonly known as pay roll
application. Lotus, MS Excel, Polaris Spreadsheet
 DBMS: MS Access, Oracle
 CAD and CAM Programs: Auto CAD, Revit Etc.
 Internet Browser: Opera, Netscape Navigator, Internet
Explorer, Google Chrome
 E-Mail Software: Hotmail, Yahoo mail, Gmail,
Rediffmail.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Application software
 Software which is used for applications specifically
designed for users to fit their needs
 ERP: The system to integrate all data and processes
of an organization into a single unified system.
 Tally
 Peachtree
 QuickBooks
 SAP
 Decision Support System:
 Cost accounting system
 Capital Budgeting system
 General Decision Support System
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Artificial Intelligence System : E.g. Robotics
 Expert Systems: Used for complex and ill
structured tasks. It helps non experts to make
decisions comparable to those of an expert.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
DBMS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Types of databases
Operational databases: They store detailed
data needed to support operations of the entire
organization. They are called as Subject Area
Databases (SADB), Transaction Database,
Inventory Database and Production Database.
E.g. Customer Database, Personnel Database.
Management database: They store data and
information extracted from selected operational
and external database. It consists of
summarized data and information needed by the
organization’s managers and other end users.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Information Warehouse database: An
information warehouse stores data from
current and previous years. This is usually
data taken from the various operational and
management databases of an organization.
External database: For some databases,
there is option to connect with external
privately owned online databases. Its for
smooth commercial information services.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Text databases: A full-text database is
a database that is comprised of several books,
articles, journals, magazines, newspapers and
other textual documents but does not include
graphical documents such as drawings, diagrams
or pictures. Each of the referenced documents
can be viewed, printed or downloaded online.
Image databases: Wide variety of images can be
stored electronically in image databases. Even
electronic encyclopaedia are available on CD
ROM disks which store thousands of
photographs of text. Image data processing is the
use of image database in business organizations
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Management Information
System
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
What is an information system
 An information system can be defined as a set
of interrelated components that collect,
process, store and distribute information to
support decision making and control in an
organization.
 In addition to the above, information systems help
managers and workers analyze problems,
visualize complex subjects, and create new
products.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Types of information systems
Transaction processing systems.
TPS is an information system that keep track of
the elementary activities and transactions of
the organization, such as sales, receipts, cash
deposits, payroll, credit decisions, and the flow
of materials in a factory.
It is a computerized system that performs and
records the daily routine transactions
necessary to conduct business
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Management information systems
MIS provide middle managers with reports on
the organization’s current performance. This
information is used to monitor and control the
business and predict future performance. It
uses data supplied by TPS and compresses
them into reports.
The picture depicts how MIS transforms
transaction level data from inventory,
production, and accounting into MIS files that
ate used to provide managers with reports.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Decision Support Systems
DSS focuses on problems that are unique and
rapidly changing, for which the procedure for
arriving at a solution may not be fully
predefined in advance.
It takes information from TPS and MIS. But
often bring in information from external
sources, such as the current stock prices or
product prices of competitors
These systems are employed by “super-user”
managers and business analysts who want to
use sophisticated analytics and model to
analyze data.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Executive Support System (ESS)
ESS addresses the decision making needs of
senior management. It supports strategic
issues and long term trends.
ESS present graphs and information from many
sources through an interface that is easy for
senior management. It is designed to
incorporate data about external events, such
as tax laws or competitors, but they draw
summerized information from internal MIS and
DSS.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Enterprise Resource Planning Systems
These integrate business processes in
manufacturing and production, finance and
accounting, sales and marketing, and human
resources into a single software system .
For example, when a customer places an order, the
data automatically go to the other parts which are
affected by it. The transaction gives information to
the warehouse to pick the products and arrange
for shipment. The warehouse informs the factory
to replenish what has been reduced. Accounting
department takes steps to send customer an
invoice. Customer service executives observe the
progress of the order.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Supply Chain Management System
This system help the business to manage
relationship with suppliers. Suppliers,
purchasing firms, distributing men and logistics
companies benefit by this system. It shares
information on orders, production, inventory
levels and delivery of goods and services so
that the above groups can get efficient
services.
It is an inter-organizational system because they
automate the flow of information across
organizational boundaries.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Customer Relationship Management System
CRMS helps the management to keep effective
relationship with its customers. It provides
information to coordinate the sales and
marketing activities in such a way as to create
delighted customers. The most profitable
customers can be retained by this system.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Knowledge Management Systems.
These enable an organization to better manage
process for capturing and applying knowledge
and experience in the firm, and make it
available wherever and whenever it is needed
to improve business and management
decisions.
They link the firm to external sources of
knowledge.
This firm knowledge is unique, difficult to imitate
and can be leveraged into long term strategic
benefits.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Computerized Accounting
Package
 It is a package designed for accounting with
the use of computers for recording, reporting
and analysing the financial data of a business.
These are software programs that are stored
on a company’s computer, network server, or
remotely and accessed via the internet. A
business can customize the software to suite
the particular needs.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
 Salient features of Computerized Accounting
Package.
 Fast, Powerful and integrated.
 Complete visibility.
 Enhanced user experience
 Accuracy.
 Improves the business performance
 Quick decision making
 Complete reliability.
AP SHAREEF’S LECTURE ON IT FOR MANAGERS
Financial Information System
 It consists of the people, records, and methods
used to gather financial information about
business events, record it, process it into a
useful form, and communicate the information
to end users and decision makers in planning,
forecasting and controlling.
 It works with many subsystems such as budget,
final accounts, costing, inventory, receivables etc
AP SHAREEF’S LECTURE ON IT FOR MANAGERS

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Information Systems for management

  • 1. IT FOR MANAGERS AP Shareef MBA, M.Com, NET Asst. Professor in Management, Markaz Law College
  • 2. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Software
  • 3. AP SHAREEF’S LECTURE ON IT FOR MANAGERS SOFTWARE  A set of computer instructions is called a program. A set of computer programs is called a software. It is a collection of programs which increase the capabilities of computer hardware. The process of developing software is known as programming.  Software is intangible  Software is the soul of computer  It activates the dead machines.
  • 4. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 5. AP SHAREEF’S LECTURE ON IT FOR MANAGERS System software  Computer software designed to operate the computer hardware and to provide a platform for running application software is what is system software. It controls the entire computer program. System software helps use the operating system and computer system.  It controls all operations  Moves data into and out the computer  It is essential for
  • 6. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Operatingsystem An operating system is a program designed to run other programs on a computer. It is that part of a system software which acts as an interface between hardware and end user. Operating system is considered to be the back bone of a computer, managing both hardware and software.
  • 7. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Basic functions of an operating system  Schedule jobs  Manage hardware and software resources  Maintain system security  Enable multiple user resource sharing  Handle interrupts  Maintain usage records
  • 8. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Types of Operating system  Single tasking: It allows only one program to run at a time. One program has to close for opening another program.  Multi tasking: It enables a single user to have two or more applications open at the same time.
  • 9. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  MS DOS: MS Disk Operating System  Non graphical command line OS  Released in 1981 and last updated in 1994  User is required to type commands instead of using a mouse.
  • 10. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Micro Soft Windows  GUI  No commands  Simple and user friendly  Multi tasking features
  • 11. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 12. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Windows versions  Windows 1995  Developed for home and professional users  Network ready OS  Windows NT  Known as New Technology  A stable multitasking environment  Enhanced security features  Increased memory  Network utilities  Portability
  • 13. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Windows 2000  It is used on personal computers,  business desktops, laptops and servers  Windows ME was designed for home use while 2000 for business purpose  Windows XP  It was released in 2001  Home and Professional variants  Features  Faster start up  User friendly interface  Fast user switching  Clear Type font rendering mechanism  Remote desktop functionality
  • 14. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Windows vista  Released in the year 2007  Comes with many technical changes  Updated GUI  Visual style dubbed aero  Redesigned search function  Multimedia tools (Windows DVD Maker)  Redesigned networking, audio, print, and display subsystems
  • 15. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 16. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Windows 7.0  It is designed for  Home & Business desktops  Personal computers  Laptops  Notebooks  Tablet PCs  Media centre PCs  It was more focused on applications and hardware  It excluded Windows calendar, Windows Mail, Windows Movie Maker and Windows Photo Gallery.  These are offered in Windows live Essentials Suite.
  • 17. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  UNIX OS  Unix OS is a computer OS developed in 1969 by a group of American Telephone & Telegraph Company employees at labs  Featured with client server model  Unix is generally seen as an OS on workstations or a network server  It allows multiple processors going at once  Unix philosophy  Use of plain text for storing data  Hierarchical file system  Use of large number of software tools
  • 18. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  MAC OS  GUI  Developed by Apple Inc.  First introduced in the year 1984
  • 19. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Classic Mac OS  Completely graphical OS  Ease of use  Cooperative multitasking  Mac OS X  Server edition  Runs on Apple’s line of Macintosh server hardware  Includes work group management and administration tools for key network services
  • 20. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Linux OS  It is a UNIX-Like operating system  Modifiable codes  Used on devices from supercomputers to wrist watches  Widely adopted for servers and embedded systems
  • 21. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Other system software  Device drivers: These are small files that act as an interface between hardware and the operating system in a computer. Hardware requires device drivers so that the OS can see the device and handle them properly.
  • 22. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Utility programs or Service programs.: these are system programs for performing general system support tasks. Following tasks are performed by utility programs.  Sorting and storing the data  Checking or scanning the data for security  Making a copy of all information  Deleting, renaming, moving, copying, merging, generating and modifying data sets.  Providing encryption. Etc.
  • 23. AP SHAREEF’S LECTURE ON IT FOR MANAGERS • Compilers: High level language Machine level codes (translation is done at once before the program is executed) • Interpreters: High level language Machine level codes (translation is done line by line) • Assemblers: Assembly language Machine level codes Language translators:
  • 24. AP SHAREEF’S LECTURE ON IT FOR MANAGERS General purpose software  This software provides the framework for a great number of business, scientific, and personal applications.  Word processors: It is a document preparation system. E.g. MS Word, Polaris Word  Spreadsheet program: Commonly known as pay roll application. Lotus, MS Excel, Polaris Spreadsheet  DBMS: MS Access, Oracle  CAD and CAM Programs: Auto CAD, Revit Etc.  Internet Browser: Opera, Netscape Navigator, Internet Explorer, Google Chrome  E-Mail Software: Hotmail, Yahoo mail, Gmail, Rediffmail.
  • 25. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Application software  Software which is used for applications specifically designed for users to fit their needs  ERP: The system to integrate all data and processes of an organization into a single unified system.  Tally  Peachtree  QuickBooks  SAP  Decision Support System:  Cost accounting system  Capital Budgeting system  General Decision Support System
  • 26. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Artificial Intelligence System : E.g. Robotics  Expert Systems: Used for complex and ill structured tasks. It helps non experts to make decisions comparable to those of an expert.
  • 27. AP SHAREEF’S LECTURE ON IT FOR MANAGERS DBMS
  • 28. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Types of databases Operational databases: They store detailed data needed to support operations of the entire organization. They are called as Subject Area Databases (SADB), Transaction Database, Inventory Database and Production Database. E.g. Customer Database, Personnel Database. Management database: They store data and information extracted from selected operational and external database. It consists of summarized data and information needed by the organization’s managers and other end users.
  • 29. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Information Warehouse database: An information warehouse stores data from current and previous years. This is usually data taken from the various operational and management databases of an organization. External database: For some databases, there is option to connect with external privately owned online databases. Its for smooth commercial information services.
  • 30. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Text databases: A full-text database is a database that is comprised of several books, articles, journals, magazines, newspapers and other textual documents but does not include graphical documents such as drawings, diagrams or pictures. Each of the referenced documents can be viewed, printed or downloaded online. Image databases: Wide variety of images can be stored electronically in image databases. Even electronic encyclopaedia are available on CD ROM disks which store thousands of photographs of text. Image data processing is the use of image database in business organizations
  • 31. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Management Information System
  • 32. AP SHAREEF’S LECTURE ON IT FOR MANAGERS What is an information system  An information system can be defined as a set of interrelated components that collect, process, store and distribute information to support decision making and control in an organization.  In addition to the above, information systems help managers and workers analyze problems, visualize complex subjects, and create new products.
  • 33. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 34. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Types of information systems Transaction processing systems. TPS is an information system that keep track of the elementary activities and transactions of the organization, such as sales, receipts, cash deposits, payroll, credit decisions, and the flow of materials in a factory. It is a computerized system that performs and records the daily routine transactions necessary to conduct business
  • 35. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 36. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Management information systems MIS provide middle managers with reports on the organization’s current performance. This information is used to monitor and control the business and predict future performance. It uses data supplied by TPS and compresses them into reports. The picture depicts how MIS transforms transaction level data from inventory, production, and accounting into MIS files that ate used to provide managers with reports.
  • 37. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 38. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Decision Support Systems DSS focuses on problems that are unique and rapidly changing, for which the procedure for arriving at a solution may not be fully predefined in advance. It takes information from TPS and MIS. But often bring in information from external sources, such as the current stock prices or product prices of competitors These systems are employed by “super-user” managers and business analysts who want to use sophisticated analytics and model to analyze data.
  • 39. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 40. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Executive Support System (ESS) ESS addresses the decision making needs of senior management. It supports strategic issues and long term trends. ESS present graphs and information from many sources through an interface that is easy for senior management. It is designed to incorporate data about external events, such as tax laws or competitors, but they draw summerized information from internal MIS and DSS.
  • 41. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 42. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Enterprise Resource Planning Systems These integrate business processes in manufacturing and production, finance and accounting, sales and marketing, and human resources into a single software system . For example, when a customer places an order, the data automatically go to the other parts which are affected by it. The transaction gives information to the warehouse to pick the products and arrange for shipment. The warehouse informs the factory to replenish what has been reduced. Accounting department takes steps to send customer an invoice. Customer service executives observe the progress of the order.
  • 43. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 44. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Supply Chain Management System This system help the business to manage relationship with suppliers. Suppliers, purchasing firms, distributing men and logistics companies benefit by this system. It shares information on orders, production, inventory levels and delivery of goods and services so that the above groups can get efficient services. It is an inter-organizational system because they automate the flow of information across organizational boundaries.
  • 45. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 46. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Customer Relationship Management System CRMS helps the management to keep effective relationship with its customers. It provides information to coordinate the sales and marketing activities in such a way as to create delighted customers. The most profitable customers can be retained by this system.
  • 47. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 48. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Knowledge Management Systems. These enable an organization to better manage process for capturing and applying knowledge and experience in the firm, and make it available wherever and whenever it is needed to improve business and management decisions. They link the firm to external sources of knowledge. This firm knowledge is unique, difficult to imitate and can be leveraged into long term strategic benefits.
  • 49. AP SHAREEF’S LECTURE ON IT FOR MANAGERS
  • 50. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Computerized Accounting Package  It is a package designed for accounting with the use of computers for recording, reporting and analysing the financial data of a business. These are software programs that are stored on a company’s computer, network server, or remotely and accessed via the internet. A business can customize the software to suite the particular needs.
  • 51. AP SHAREEF’S LECTURE ON IT FOR MANAGERS  Salient features of Computerized Accounting Package.  Fast, Powerful and integrated.  Complete visibility.  Enhanced user experience  Accuracy.  Improves the business performance  Quick decision making  Complete reliability.
  • 52. AP SHAREEF’S LECTURE ON IT FOR MANAGERS Financial Information System  It consists of the people, records, and methods used to gather financial information about business events, record it, process it into a useful form, and communicate the information to end users and decision makers in planning, forecasting and controlling.  It works with many subsystems such as budget, final accounts, costing, inventory, receivables etc
  • 53. AP SHAREEF’S LECTURE ON IT FOR MANAGERS