Assignment 1
‘Success to Succession’
Wet wares: Wet wares are those IT professionals, IT experts, system administrators, web page designers, web architects and system administrators who directly influence and manipulate the functions and working of any web page, data base management system, applications, networks and other aspects and functions of any IT system.
Wet ware costs: These are the associated costs to staff and hire IT personals and manage their work. This term particularly covers the associated costs of training the work force and equipping it with the necessary knowledge, skills and abilities required to work in IT based environment. It also covers the cost of interpreting results, draw conclusions, using systems and alignment
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Accounting information system is a transaction based information system as it deals with the economic events taking place in the enterprise. Most of these economic events take place in the course of day-to-day operations of the business enterprise. In the past, ac¬counting information systems were designed primarily for report-ing to statutory bodies such as tax authorities, regulatory authori¬ties and investors. Very little information was generated to meet the information needs of managerial decision making. The focus of accounting information has changed. It focuses more on generation of information for use in managerial decision making process. An accounting information system that combines traditional accounting practices such as the Generally Accepted Accounting Principles (GAAP) with modern information technology resources.
Elements of AIS of Coca-Cola: Six elements compose the typical accounting information system and these six elements act as the basic building blocks of AIS at Coca-Cola as well. These elements are as under:
People: The system users. These are the employees of cocacola working in different departments such as sales department, accounting department and IT section.
Procedure and Instructions: Methods for retrieving and processing data. Each employee at cocacola is supposed to fulfil the duties and follow the instructions associated with his roles to perform
Coca-Cola Company is an American multinational beverage corporation headquartered in Atlanta Georgia. It is best known for its flagship product Coca-cola. The company offers more than 500 brands in over 200 countries and serves over 1.7 billion servings per day. The company’s stock is listed on the NYSE and it is a part DJIA, S&P index and the Russell 1000 index. The company had revenues of $48.01 billion in the year 2012 and a net income of $9.01 billion. Coca-cola has a total asset base of 86.17 billion and 146200 employees worldwide. Coca-Cola’s current chairman and chief executive is Muhtar Kent.
Tony’s Chips has been acquired by a new independent company. The new company’s intention is to focus on the e-commerce website that they have planned. Currently, the old website is externally hosted and it is required to be moved to an internal one. This new system will store, retrieve, and have data recovery solutions for the company. An additional backup site will need to be created
ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the
The Coca Cola Company is very cautious and responsive to change; they act with urgency and have the courage to discourse when needed to work more efficiently. Coke’s focus is to administer its system assets to build values and rewards for the people who take risks by finding better ways to solve problems. Coca Cola Company feels they are accountable for their actions and inactions and hence answerable to the people. They learn from their outcomes and understand what works or what doesn’t for them.
An Accounting Information System (AIS) is a system that collects, records, stores, and processes data to produce information for decision makers. (Hoggett J., 2012) Accounting software began with programs written to automate common, repetitive bookkeeping transactions for businesses but now over the time it have become increasingly sophisticated and customized for specific industries especially for construction companies. (Bagranoff, 2008) Enterprise-wide software is incredibly powerful, complex, and is capable of collecting a wide variety of data to support business decisions. It is the core of business information systems. Accounting Information System increases the financial performance, productivity, efficiency, synchronize workflow and also improves forecasting & decision making. (Bhattacharya, 2008)
Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
Coca Cola has differentiated its product and services that are valued by its customer. Its product are based on customer’s preferences, with affordable price and made easily accessible.
The company spends about 20% of its budget on advertisement so that it could maintain and communicating their differentiation strategy (Macin). Coca Cola also uses its logo to set it apart from their competitors. The use their red colored cans as a tool to be unique. These tools have been used for years unchanged.
The essay describes the key characteristics of Coca Cola Company and how these characteristics are aligned with the organizational behavior. The motivational theories are also discussed in detail which could be useful in managing such a large workforce.
The Coca-Cola Company is a strong multinational company with a well-established trademark that has done well since 1886. The company has improved its marketing strategies to satisfy customers in a better way. Since its establishment, it has effectively differentiated itself by being considered as the largest manufacturer, marketer, and distributor of non-alcoholic syrups
Coca Cola Company’s Main Business functions areas are Accounting, Finance, Marketing, Production, Human Resource management, IT Support, Other functions, Research and development, Information Services. Coca cola Company’s very important functional areas are HR, Production and Administration.
Coca-Cola has more than 700,000 system employees, including their bottling partners. The company’s operations reach over 200 countries worldwide, with six geographic operating segments. Coca-Cola’s head office is responsible for providing the company with an overall direction and support to the regional structure. The company’s Executive Committee makes key strategic decisions for the company. The Chair of the Executive Committee acts as a figurehead for the company and chairs the board meetings. He is also the CEO and is the senior decision
Information systems are the foundation for conducting business today. In many industries, survival and even existence is difficult without extensive use of information technology. No longer can we imagine going to work and conducting business without them. As a society we have come to rely extensively on the use of information appliances such as cell phones, BlackBerrys, handhelds, and other hardware. Communicating and conducting business is increasingly being carried out through the use of e-mail, online conferencing, and international teleconferencing over the Internet have all become essential tools of business.
Accounting Department: Data and information are the lifeblood of accounting. It needs good quality data to yield valuable information. Management information system helps the accounting department accomplish this task. Also, professional management information system reports are created by the accounting department for accurate analysis of the business’ performance. These reports are comprehensive and assist the middle and top management in determining the right decisions regarding the finance, accounting and overall business operations. All accounting reports are important to all stakeholders of a company. (Management Information System Reports)