Is importance in business, bba 1


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    1. 1. Information system importance in business Class BBA 1st Morning Group 8 Roll # 25,26,27,35 university of education Okara (campus) 1
    2. 2. Information system • Business information systems represent a system of controls and processes which a business uses to analyze information needed to effectively manage their business. These controls and procedures can include accounting systems, procedural reporting tools, and computer based assets. 2 university of education Okara (campus)
    3. 3. Types of information system  Management information system  Financial Information System 3 university of education Okara (campus)
    4. 4. Management Information System Teleconference application The telecommunications system may support the teleconference by providing one or more of the following: audio, video, and/or data services by one or more means, such as telephone, computer, telegraph, teletypewriter, radio, an d television. It is the type of management information system 4 university of education Okara (campus)
    5. 5. Internet teleconference Internet teleconferencing includes internet telephone conferencing, videoconferencing, web conferencing, and Augmented Reality conferencing. Types of teleconference • Audio conferencing • Audio graphic conferencing • Video conferencing • Web conferencing 5 university of education Okara (campus)
    6. 6. Audio teleconferencing A conference call is a telephone call in which the calling party wishes to have more than one called party listens in to the audio portion of the call. The conference calls may be designed to allow the called party to participate during the call, or the call may be set up so that the called party merely listens into the call and cannot speak. It is sometimes called ATC (Audio TeleConference). 6 university of education Okara (campus)
    7. 7. Audio graphic teleconferencing Audio graphic teleconferencing is also known as electronic white boarding, according to The Free Dictionary. Both an audio and a data connection are necessary. This type of teleconferencing was often used for distance learning and meetings that only require narrowband communications. It was designed primarily as a studentinstructor mechanism, with colour imaging, digital video and telephone communications and endeavoured to create a realistic virtual classroom. 7 university of education Okara (campus)
    8. 8. Video conferencing Videoconferencing is the conduct of a videoconference (also known as a video conference or video teleconference) by a set of telecommunication technologies which allow two or more locations to communicate by simultaneous two-way video and audio transmissions. It has also been called 'visual collaboration' and is a type of groupware. Content  Technology  Impact on business 8 university of education Okara (campus)
    9. 9. Web conferencing Web conferencing refers to a service that allows conferencing events to be shared with remote locations. the service is made possible by Internet technologies, particularly on TCP/IP connections. The service allows real-time point-to-point communications as well as multicast communications from one sender to many receivers. • Content • Features • Standards • Deployment models ACT conferencing IBM Sametime Any Meeting Oovoo 9 university of education Okara (campus)
    10. 10. Financial management system A financial management system is the methodology and software that an organization uses to oversee and govern its income, expenses, and assets with the objectives of maximizing profits and ensuring sustainability. An effective financial management system improves short- and long-term business performance by streamlining invoicing and bill collection, eliminating accounting errors, minimizing record-keeping redundancy, ensuring compliance with tax and accounting regulations, helping personnel to quantify budget planning, and offering flexibility and expandability to accommodate change and growth. 10 university of education Okara (campus)
    11. 11. Other significant features of a good financial management system include;            Keeping all payments and receivables transparent. Depreciating assets according to accepted schedules. Keeping track of liabilities. Amortizing prepaid expenses. Coordinating income statements, expense statements, and balance sheets. Balancing multiple bank accounts. Ensuring data integrity and security. Keeping all records up to date. Maintaining a complete and accurate audit trail. Minimizing overall paperwork. ERP financial management software should include features that support creation of ad hoc reporting as well as month-end closing, quarter closings and year-end reporting 11 university of education Okara (campus)
    12. 12. Major categories of financial management: • • • • Cash Management Investment management Capital budgeting Financial planning 12 university of education Okara (campus)
    13. 13. Cash Management Cash management system collects information on all cash receipts and payments of a company on a real time or periodic basis. Such as daily, weekly or monthly . 13 university of education Okara (campus)
    14. 14. Investment management Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds). 14 university of education Okara (campus)
    15. 15. Capital budgeting • Capital budgeting (or investment appraisal) is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings). It is the process of allocating resources for major capital, or investment, expenditures. One of the primary goals of capital budgeting investments is to increase the value of the firm to the shareholders. 15 university of education Okara (campus)
    16. 16. Factors Influencing Capital             Structure of capital BudgetingAvailability of funds Taxation Policy Government Policy Lending Policies of Financial Institutions Immediate need of the Project Earnings Capital Return Economic Value of the Project Working Capital Accounting Practice Trend of Earning 16 university of education Okara (campus)
    17. 17. Methods of capital budgeting • Equivalent annuity method • Real options method 17 university of education Okara (campus)
    18. 18. Financial planning • Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved. 18 university of education Okara (campus)
    19. 19. The Financial Planning activity involves the following tasks;  Assess the business environment  Confirm the business vision and objectives  Identify the types of resources needed to achieve these objectives  Quantify the amount of resource (labour, equipment, materials)  Calculate the total cost of each type of resource  Summarize the costs to create a budget  Identify any risks and issues with the budget set 19 university of education Okara (campus)
    20. 20. Reference          on/financial-management-system 20 university of education Okara (campus)
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