January 04 - 2011|
Cebu Institute of Technology – University
CCS 311 Management Information Systems G01
Reaction Paper #3
* RESEARCH ON THE TOPIC
Accounting - The purpose of accounting is to track every financial transaction within a company, from dollar to multimillion dollar purchases, from salaries to benefits, to sales of every item.
At the year’s end, the company cannot present a picture of its Financial Situation called a:
Balance sheet - and a profit and loss report, unless it maintains a general ledger to record every transaction with a financial impact.
Finance - The science of funds management. Finance deals with the concepts of time, money, and risk and how they are interrelated, it also deals with how money is spent and budgeted.
Helps managers track a company's finance.
Investment Analysis and Service
The ability of financial ISs to record millions of security prices and their changes over long time periods, coupled with the ability to manipulate numbers using software, puts powerful analysis tools in Investment managers’ hands.
Engineering - A prototype that can be mass-manufactured is devoted to engineering and is known as engineering lead time, or time-to-market. It includes brain-storming, developing a concept, creating mock-ups, building prototypes testing and other activities that require investments of time, labor and money.
Human Resources - Is a term used to describe the individuals who comprise the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations.
Employee Record Management
Facilitates employee record management. The human resource management departments must keep personnel records to satisfy both external and regulations and internal regulation.
Promotion and Recruitment
The more common way to recruit people for new...