Bank Accounting Information System And Electronic Banking Introduction Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999). An information system is a set of interrelated subsystems that work together to collect, process, store, transform, and distribute information for planning, decisions making, and control. An information system need not be a computerized system, but the use of computer in information systems can improve the efficiency of information collection, processing, storing, transformation and distribution. An accounting information system (AIS) is the information subsystem within an organisation that accumulates information from the entity’s various subsystems and communicates it to the organisation’s information processing subsystem. The information processing subsystem is likely to be a separate department in the organisational entity that is responsible for computer hardware and software (Moscove, Simkin, & Bagranoff, 1999). The AIS has traditionally focused on collecting, processing, and communicating financial-oriented information to a company’s external parties (such as investors, creditors, and tax agencies) and internal parties (principally management). Today, however, the AIS is concerned with non-financial as well as financial data and information. In general, a bank’s AIS has the same role as in other companies that is to provide financial and non-financial information to the company’s external parties (such as investors, creditors, and tax agencies) and internal parties (principally management). However, due to the characteristics of banking business, banks’ AIS have specific important features related to their liquidity management and the management of their customers’ accounts information. A bank has to manage its liquidity efficiently in order to maximize profit and to fulfil regulation requirements (minimum reserve requirement). To perform such duties, the treasury manager needs information of consolidated balance of customers’ deposits, loans and o... ... middle of paper ... ...ssinger, J. (1999). The virtual banking revolution; the customer, the bank and the future. International Thomson Business Press. Holland, C.P., & Westwood, J.B. (2001). Product-market and technology strategies in banking. Communications of the association for computing machinery, New York, 6, 53-57 Lipis, A.H., Marschall, T.R., & Linker, J.H. (1985). Electronic Banking. Electronic Banking, Inc. Atlanta, Georgia. John Wiley & Sons Inc. Michaels, J.W. (1998). PC banking household segments. Forbes, 12, 261-262 Moscove, S.A., Simkin, M.G., & Bagranoff, N.A. (1999). Core concepts of accounting information systems. 6th edition. John Wiley & Sons Inc. Romm, C.T. & Sudweeks, F. (1998). Doing business electronically, a global perspective of electronic commerce. Springer-Verlag. London. Smith, L.M., Strawser, R.H., Wiggins Jr, C.E. (1991). Readings and problems in accounting information system. McGraw-Hill Companies Inc. Taylor, P.C. (1999). Big trends in community banking for 2000. America’s Community Banker, 3, 16-19 Williams, B.C., & Spaul, B.J. (1991). I.T. and accounting; the impact of information technology. The Chapman & Hall Series in Accounting and Finance.
Romney, Marshal, and Paul Steinbart. Accounting Information Systmes. 10th ed. Upper Saddle River: Pearson Education, 2006. 193-195.
Orwell’s story provides an empathetic rendering of the politics of power Nandy through the eyes of a disenchanted British police officer stationed in Burma who encounters an escaped elephant. He is trapped between his personal desire to leave the elephant in peace and the need to demonstrate to the Burmese the ‘manly’ resoluteness of a ruler by shooting it. This performative aspect of fulfilling a role affirms Nandy’s belief that colonialism begins with the internalisation of colonial role definitions (Nandy 6). Eventually, the narrator’s will is subordinated in favour of the crowd’s – “When the white man turns tyrant it is his own freedom that he destroys” (Orwell 152).
Marshall, M.H., McManus, W.W., Viele, V.F. (2003). Accounting: What the Numbers Mean. 6th ed. New York: McGraw-Hill Companies.
Most people joining the fight against GMOs have no idea what they are and unaware of the many benefits. A genetically modified organism is a plant or animal that has had a gene from another organism inserted into it providing a desired trait. GMOs are created by genetic engineering techniques or transgenics (Bessin 1). The GMO Action Alliance “GMO Free USA” describes the process of genetic engineering as unnatural and experimental r...
Albrecht, W. S., Stice, J. D., Stice, E. K., & Skousen, k. F. (2002). Accounting Concepts and Applications. Cincinnati: South-Western.
...upporting imperialism and the motivations behind their actions. Orwell, by admitting that his motive for killing the innocent beast was brought on by his own will to avoid humiliation at the hands of the locals means that Orwell is able to recognize the. With Orwell the oppression of the British on the Burmese people caused direct harm to Orwell. It is because of this cruelty found in humans that Orwell places emphasis in his essay on the unjustified violence inflicted on the elephant, who wrongly received judgement from the imperialistic response of Orwell to combat his own inner demons with the locals.
Initially the bank’s core banking system was product oriented, but the need of the hour was to develop a customer oriented system, because the challenge is to build customer loyalty, cross sell, and enhance repeat business.
Genetically Modified Organisms (GMO) are one of the most important issues in the world today. GMOs are organisms that have had their genetic DNA altered for improvements in productivity and quality. Their pros and cons to those who consume them and the economy around them have been weighed heavily for years, with no true answers coming to the surface. With the widespread science of GMOs becoming more abundant, people should know the truth behind what is being done to their food before consumption, to then form their own opinions. However, all bias aside, GMOs do cause harm in many ways, but while benefiting the world in many ways.
In todays society, people are more concerned about what they put into their body. They eat healthy and maintain a stable diet, but unknown to a number of these people is their food may have been tampered with in the form of Genetically Modified Organisms or, for short, GMO's. Genetically Modified Organisms are plants or animals whose DNA has been altered to favor a certain characteristic or trait which is already in the DNA of other plants and animals. Which includes enhancing the DNA in plants to make them larger, invincible to pests, or invincible towards weeds. Although, the reason why GMO's are a controversial topic is because GMO's have been known to kill animals, are a threat to our natural environment in many ways, and little is known
Scientists have been changing genomes of plants and animals by integrating new genes from a different species through genetic engineering, creating a genetically modified organism (GMO). Consumers in America have been eating GMOs since 1996, when they went on the market. There are benefits to genetically modifying crop plants, as it improves the crop quality and increases yield, affecting the economy and developing countries. But there are also negative effects from GMOs. Consumption of GMOs has various health effects on both body systems of animals and humans. GMOs also affect the environment, ecosystems and other animal species. The cons outweigh the pros in the case of GMOs.
Qualities of characters observed in all characters of the Wingfield family are not that rare to find in today’s world. Many families seem to live in distress due to one or the other defect in the quality of a member of the family. Laura’s unsociable and shy characters can often be seen through many children. Amanda’s pushy character or high expectations from her children is also quite common in many mothers. Tom’s character of an ambitious young man, who likes to chase his dreams but is strangled in the family due to his responsibilities towards the family, is often found in many
I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.
Accounting dates back as far as first centuries, is the language of business. As everything has gone through many changes, accounting has also changed many times through out the centuries. It went from the use of abacus to the most advanced softwares, and computers. With these drastic improvements nowadays accounting, financial accounting and management are facing big challenges. From the presentation of the reports to communication to the users, investors, and owners, the accounting field has gained totally a new shape from two decades ago. Today with the dynamic change in every aspect of life, the accounting field has to act fast and be able to adapt these new changes and challenges in order to survive.
An Accounting Information System (AIS) can be defined as software that helps accountants to collect data and process it to create information ((Bagranoff, Simkin and Norman 2010)
Modern information system is now popular all over the world, it also change the accounting area. Instead of the old manual analysis, many companies making effort in developing a fitted accounting information system for themselves, as they realize the advantages that the new technology brings in - more efficient and accurate in processing, integrated data, detailed record etc. However, even though there are so many benefits, the functional system also brings challenges, making new requirements to the accountants and auditors. This paper will discuss the impact of technology to the accounting information system, as well as the necessary capability ethics that the accountants should learn in this 21th century.