Case Study: Management Information System of a Bus Company

We are undergraduate students in the course IT 396-44 Management Information Systems at Monroe College. Professor Asteria Villegas is the instructor for

Another challenge faced by red bus was to convince the bus operators to embrace technology and adopt redbus’s software application for uploading the inventory of seats in the centralized service. The bus operators were hesitant in shifting to an internet based booking system.

Some data entry steps may occur at any time during the accounting cycle, other transactions occur only during financial statement production. Each step consists of set of rules used to ensure the accuracy and conformity of financial statements to avoid illegal actions using inaccurate figures. Each type of report has a level of significance and use as each document provides differing information involving things such revenues, cash flows, and other transactions made within an

At the end of each quarter, the system must produce a quarterly profit-and-loss report at the headquarters location that shows a list of incomes and expenses for each separate activity. As this report relating to finance, accounting department must be responsible for checking the report printed from the system and rechecking again that if the report is accurate with financial statement.

Case Name: Norkunas v. Cochran, 398 Md. 1; 919 A. 2d 700, Court of Appeals of Maryland, 2007.

The overall process of recording and processing financial events in a business is known as the accounting cycle. The collective process includes ten different steps that begin with analyzing and recording transactions and ending with post-closing and trial balance is prepared. Through this paper it will be explained all the steps with examples of how the steps are implemented in real life business situations.

One of the ways we are able to fully “get” our customers and ensure that they are satisfied and receiving the product they desire, is by creating a unique customer profile for each new client. When creating a customer profile or customer database for each and every new customer, we are able to access our customer’s information using the software HouseCall Pro to help streamline our customer’s experience. The use of this software allows us to “Keep customers, jobs & invoices safely backed up in our private cloud. Also grow relationships by always having job history close at hand.” (HouseCall). Utilizing HouseCall Pro, we are able to better manage our client’s details and instead of focusing on the paperwork related to the business. We like using this amazing software because it allows us to focus on what we do best, which is creating a clean environment to

Midsouth Chamber of Commerce, a nonprofit, member driven, business advocacy group is in the processes of upgrading their current information system. Midsouth has decided they need to upgrade their information system to a more currently system, in order to increase revenue producing opportunities. Their original IS system was built by an outside consultant (who is no longer in business) on a departmental need base, rather than a company wide need. The original system was put into place in 1987, with modifications done in 1993, and 1995. During this time all IS decision were made by outside

For as long as businesses have existed, so has accounting. With time, it has become more complicated and detailed, but it is still a process of keeping financial accounts in order. Through accounting, or financial reporting, a system is set up to keep track of, maintain and audit the financial proceedings. Because accounting and financial reporting of a business is so important for its accuracy and in general, a lot of ethical, technological and legal concerns are involved. In this paper, we will look identify and explore the concerns of each of these.

Lyft has been one of the growing ride-sharing network in the market place that has changed the way of viewing the transportation. It generally hires the privately owned drivers for transportation which is completely different from its other ride-sharing competitors. In the case study, the way of the business functions has been highly affected as it was launched in New York City. It had to run its business using licensed driver through the City’s Taxis and Limousine Commission. It had to hire the drivers that fulfilled the host requirements such as; passing the drug test, attending driving course in every three years and finger printed. Instead of the bumpy start the business is ploughing its way to be one of the best ride-sharing network in New York City.

by benchmarking, calculating the expenditure, the staff levels, the cost of resources and how much materials is needed and the actual cost and compare them with the standard and budgeted cost. Financial statements are written report which describes the financial health of an organisation. This includes an income statement and a balance sheet, and often also includes a cash-flow statement. Financial statements are compiled yearly. Cash-flow statements provide a look at the movement of cash in and out of an organisation. The cash-flow statement can be important in checking whether or not an organisation has enough cash to pay its bills, handle expenses, and acquire assets. At the bottom of a cash-flow statement, the net cash increase or decrease can be found (Dixon, 1993).

Financial accounting statements can help a user to make future decisions by showing the concerned business’s health. It shows where money is being generated, spent and lost, depicting the financial performance and financial position. The statements can also help in situations such as raising fresh capital in the form of a loan, e.g. a bank will most likely require these statements to show the business’s credibility or worthiness. The statements help influence managerial decisions on which direction the business needs to head, and how to best maximize profit.

The form, the use and the people involve with the financial and accounting information in a company is going to be developed in this report.

1. In the case study, we referred to the systems being developed and used as decision support systems. However, we also identified various artificial intelligence (AI) technologies. How can a decision support system incorporate and use AI technologies such as pattern recognition?

The purpose of this report is to explain what “Management Information Systems” (MIS) is. This report will discuss how management information system helps different departments in an organization. The functions and advantages of using MIS will also be examined in this report.