ACCOUNTANTS HAVING KNOWLEDGE OF INFORMATION SYSTEMS TO SUPPORT MANAGEMENT IN EFFECTIVE DECISION

ACCOUNTANTS HAVING KNOWLEDGE OF INFORMATION SYSTEMS TO SUPPORT MANAGEMENT IN EFFECTIVE DECISION-MAKING Student’s name: Vy Nguyen Linh Ngan Student’s number: 12071118 Subject: Information system in organization Subject code: INS2025 Table content Introduction Information system in organization Accountant’s task The importance of accountant having knowledge of information system to support management in decision-making Conclusion Reference 1, Introduction Information systems always plays an important role in running an organization Organizations can use information systems with different purposes In the internal management, information systems will help achieve internal understanding, unity of action, maintaining the strength of the organization and gain competitive advantage With external information systems help capture more information than or improving customer service, enhancing competitiveness and creating the momentum for growth This essay will show that the accountants who have knowledge of information system will support effectively for manager in making decision 2, Information system in organizations The information system is a system that includes elements linked together to act as collection, processing, storage and distribution of information and data and provide a feedback mechanism to achieve a predetermined goal Information is a key factor for the survival and development of any organization in general, of enterprises in particular; especially in the current conditions with fierce competition and aggressive, the information needs to be organized into a scientific system, allowing managers can harness the information thoroughly In management, information system is responsible for providing the information necessary for the management of an organization operating Composition occupy important positions in management information systems is a unified database containing information reflects the internal structure of the system and information about the activities taking place in the system With kernel is consolidated database, management information systems can support many different functional areas and can give managers the tools and the ability to easily access information, management information system with key functions such as: the information is collected, analyzed and stored in a systematic way, the useful information is structured to be able to store and exploitation on the means of computerization, changing, repairing, doing calculations on the target group, generating new information and distributing and providing information 3, Accountant’s task The job of the accountants are records, systematize, process and provide information about the entire economic activity, finance unit, enabling the executive management and economic operations management, financial units, as well as set out the economic management decisions In organization, accountants have some tasks: Recording transactions General information on all transaction about economic activities or financial tasks of company will be recorded in accounting book In each unit there are many accounting books, each ledger is used to record different purposes Based on the documents collected, the accountant shall classify, aggregate to record the accounting books correctly Establishing finance report The final aim of accounting work is to provide information to unit leaders, on that basis, unit leaders can make the appropriate management measures to promote growing unit To accomplish this purpose, monthly, quarterly, annually, accounting staff have to synthesize data from the accounting books and records to create financial report sent to unit leaders Collecting information about economy, financial activities, accounting standard so on As we might know in a firm has may parts such as: sales, human resources, marketing, accounting and each part different work These parts are performing economic activities, financial according to specified functions Each activity will be recorded in the accounting papers called voucher as receipts, cash coupon, receipt, an invoice, sales invoices These documents will be transferred to the accountant for handling Therefore, information system is very important in accounting Accounting information system is an organized system for collecting, storing, processing and distribution of information in the field of economic, financial base on computer tools and IT equipment to provide the information necessary for the decision making process for managing and administering the operation of institutions, enterprises and businesses 4, The importance of accountant having knowledge of information system to support management in effective decision-making The role of information systems in accounting has been identified as support for business activities and can help administrators in making decision The accounting information system plays an important role in implementing the strategic objectives of the organization, it includes the provision of information to assist in the manufacture of products with low cost, quality is maintained, punctual delivery and encourage the initiative An accountant with knowledge of information systems will be capable of using, searching, filtering information quickly, effectively from databases to take on the financial report, which helps enterprise executives on understanding the cause and effect relationship For example, what make incurred costs; why these activities are not profitable Identifying the activities that not add value 5, Conclusion In conclusion information system is very essential in organization and especially in accounting activities In the internal management, information systems will help achieve internal understanding, unity of action, maintaining the strength of the organization and gain competitive advantage With external information systems help capture more information than or improving customer service, enhancing competitiveness and creating the momentum for growth Accountant who has knowledge of information systems will be capable of using, searching, filtering information quickly, effectively from databases to take on the financial report, which helps enterprise executives on understanding the cause and effect relationship Manager should follow to the benefit of information system to hire accountant as well as train staffs to maximize the profit of company 6, References Bert Markgraf, Demand Media, Importance of information system in organization available from: http://smallbusiness.chron.com/importanceinformation-systems-organization-69529.html ‘Art Wikia’, information system (Wiki article), available from: