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Database system advantages and disadvantages
Merits of database management system as compared to the traditional system
Database system advantages and disadvantages
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Database Memorandum
I wanted to review the database tools we have at our disposal and explain what each is used for, when each is appropriate, and some improvements that we are pursuing to makes these tools easier to use and more powerful. For the sales organization there are three database options available to us; Hyperion®, Access®, and our most widely used tool, BusinessObjects by SAP.
Hyperion:
This database is least understood by the sales team because Hyperion® is only used to gather financial data (Pinnacle Titan Technology Partners [Titan], n.d., p. 1). As a sales team we only use it once a year for creating our annual sales and operating budgets. The system is not easy for us to use, because of its layout and duplication of data lines. However the database is designed to gather and generate reporting for corporate finance forecasting, tracking, and accurate reporting. This system generates everything from trial balances and audit reports, up through required reporting for Sarbanes-Oxley financial statements (Titan, n.d., p. 2). Therefore, while harder for us to use once a year, it meets many more financial requirements throughout the year.
In an attempt to make this system more user friendly for all of us, there are some changes that the management group have recommend be instituted. The duplicate line entry points are the most frustrating and problematic in the budgeting process. We have requested that the sales and margin values be separated by product grouping, and our program name so we can validate accurate forecasting and data entry. Because Hyperion® uses general ledger account numbers, we often have items budgeted to the wrong accounts. This creates problems in reconciling the budget and in some cases the err...
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... will enhance the tool for immediate needs while establishing an additional benefit for selling future services.
The database applications discussed bring value to our organization. We want you to be comfortable using each and knowing which you should use for a given application. At the same time these tools help us manage our business better we must take the appropriate steps to ensure that the data presented is complete and accurate for the intended purpose. Use of the tools will make you more proficient and will continue to bring value to you, your customer, and your company.
Works Cited
Microsoft. (n.d.). Improve performance of an Access database. Retrieved from http://www.microsoft.com
Pinnacle Titan Technology Partners. (n.d.). Hyperion FDM. Retrieved from http://www.pgww.com
SAP. (n.d.). Crystal Reports Server. Retrieved from http://www.sap.com
Riordan has three operating facilities and they all have their own financial systems. The three facilities provide data input in the consolidate...
Now click the “ENTER” key on your keyboard, on your computer is operating in ‘Safe Mode’.
I started my research by logging into the Ebsco database. Young, teacher, and stress were the keywords I first used. These keywords were included in 16 results. I found one article within these 16 results, so I expanded my search by excluding the word young. After I expanded my search there were 2,806 results. I read through some of them and decided if I felt they should be included in my paper. I found one article that had statics that I thought could greatly benefit my paper. After I finished locating sources on Ebsco, I started my search on the ProQuest database. I began by searching for stress in young teachers. This search brought up 73,016 results. I found that when I searched with these keywords the results were more based on how teachers
XBRL, the eXtensible Business Reporting Language, is an open standards-based reporting system built to accommodate the electronic preparation and exchange of business reports around the world. XBRL started back in 1999 with 12 organizations as the founding members. There are now in excess of 450 organizations worldwide in over 30 countries involved in its development. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - it provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag. The introduction of XBRL tags enables automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently" as they can recognize the information in a XBRL document, select it, analyze it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information. Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information. Consumers of financial data, including investors, analysts, financial institutions and regulators, can receive, find, ...
Some faculties and departments are already using Oracle applications in their day-to-day operations. As time goes by, more and more information users will be working with an application based on Oracle database technology. If you get the opportunity to be a member of an application development team, you will become familiar with the workings of Oracle and relational databases. Other users may have to learn about this popular database management system through their own experience. This article is for our readers who, as of yet, have no access to Oracle databases but have a yearning for learning what they're all about.
Although there may be innumerable advantages of using a DBMS to manage data, there are six worth mentioning. First, data is independent. Second, there is efficient data access. A DBMS uses a variety of techniques to store and retrieve data. This allows for data to be sorted in additional places such as external storage devices. Third, the DBMS can enforce data integrity and security by enforcing access controls that govern what data is visible to different users.
Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.
Highly proficient in Microsoft Access and Excel, I routinely developed databases and processes involving complex queries, macros, and pivot tables that produced clear statistical synopses for distribution to middle and executive management. Accomplishments include:
Carr eliminates the possibility of advantages due to proprietary software using the example of American Hospital Supply’s ASAP ordering tool. He highlights how specialized software can turn from a boon to bane, when more generic and updated solutions come into the picture. Many companies such as Dell and Wal-Mart have used the opportune time frame of the IT boom to set up their brand name and goodwill. That window seems to have closed now, because the possibility of a competitive advantage using IT is minimal, if not zilch.
of multiple types of end users. The data is stored in one location so that they
The database application design can be improved in a number of ways as described below:
The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
The Database Management System (DBMS) is software that enables the users to define, create, maintain and control the access to the database. It is a software that interact with the user’s applications programs and it database. Meanwhile, information retrieval system is a system that involved the activity that the systems obtain the information. The obtaining information action need the information from it resources.
Today, there is a range of computerised systems in the market that business can use to keep track of their finances; few of the most recognised for their performance are Sage, Microsoft Dynamics, Oracle, QuickBooks, SA...
In our world, people rely heavily on the power of technology every day. Kids are learning how to operate an iPad before they can even say their first word. School assignments have become virtual, making it possible to do anywhere in the world. We can receive information from across the world in less than a second with the touch of a button. Technology is a big part of our lives, and without it life just becomes a lot harder. Just like our phones have such an importance to us in our daily lives, database management systems are the same for businesses. Without this important software, it would be almost impossible for companies to complete simple daily tasks with such ease.