Accounting Information Systems - Question 1

Specific needs while making or designing an information system

There are six foremost elements to be considered while making or creating information system regarding any business plan.

  • People
  • Procedure
  • Data
  • Software
  • Hardware
  • Feedback

People: Every single business requires people, and it is also observed that this element has been overlooked by the company’s maximum times. However this component highly affects the success or failure of business and organizations. People factor comprises of users, operators who operate and service the computers, who record the data into database, moreover who help the network of a system.

Procedure: Procedure refers to the policies which governs and helps the operation of a computer system.

Data: Data is the finding which is used by the programs which manipulates the raw data into useful information.

Software: Software is the computer program which supports itself. Software is readable instructions to help the circuitry within the hardware parts of the system to work which provides useful info from the raw data.

Hardware: Machinery is also known as hardware, however the category includes the monitor itself & CPU (central processing unit) and all the other equipment’s used in both. Hardware is also known as input and output devices, communication devices and so on.

Feedback: It is also an information system which is needed by every business in order to pursue business activity.

Accounting Information Systems - Question 2

Safety measures to secure the hardware, software & information

There are numerous way to secure the hardware, software and information of the business, few are:

  • Creating strong passwords
  • Setting up a firewall
  • Protecting the system from viruses
  • Updating the system on regular basis
  • Securing every computer system

Creating the strong password

Generating the password is very easy. But it should include all the combination upper cases, lower case, numeric values and a special character. As a result we put more characters it will reduce the risk of cybercrime. Moreover, the user should avoid the usage of general info. Like birthday dates, phone number or the user name itself.

Creating a firewall

Since an organization needs to protect their network, so firewall is a foremost initiative to think. Company must have firewall reason being it controls the internet traffic which is coming and leaving in the company.

Protecting the system from viruses

Antivirus is the crucial thing to have for the business, since it protects the data which is presented in the system. Moreover is designed to create to act as a safeguard for the computer system, it search for and detect the existing virus and remove the same as well

Regular updating

Regular updating is also important to secure information system, since current updates will the data to be more safe and secured for the system.

Securing every computer system

Computer systems should be provided the more security measures since it is not portable on contrary laptops are mobilize so it is at a high risk reason being it can be stolen, so laptop should also be provided with the more security measures.

Accounting Information Systems - Question 3

Requirement of amendment in business’s internal operating procedures

There are multiple reasons why businesses amend changes in internal operating procedures

  • Crisis
  • Latest technology
  • Obtaining opportunities
  • Performance Gap
  • Crisis in resources, crisis in infrastructure, crisis in funds are the top most examples which has affected multiple industries and organization, however the crisis list is not limited. Industries like airlines, hospitality are facing crisis in the contemporary time due to global pandemic coid-19. The recent financial crisis has created numerous changes in the various industries whether it is logistics, automobile, hospitality, or airlines.
  • Due to change in technology & change in infrastructure the business faces change which results in amendment in the present business internal operating procedures, since the change affect the cost of product or service, and moreover the price of the goods and service.
  • In the current era, the market has become the global village, which results various opportunities for competitors, as there is no major barrier to enter in the competitive market. However, this can become the threat for existing organizations so that is why they require changes.
  • Whenever any organization observes the performance gap in the employees or if their objectives are not met then it amends the changes in internal operating process so that the gap can be fulfilled and the needs can be achieved easily

Accounting Information Systems - Question 4

How global pandemic covid-19 is hampering businesses

The global pandemic has reaching at its peak day by day throughout the world. No doubt the global pandemic is affecting the businesses in multiple ways. Below are some ways that how covid-19 is hampering the businesses.

  • Financially and liquidity
  • Revenue loss
  • Supply chain problem
  • Since business activities have been slow down, there are multiple companies and industries that are facing huge loss in sales and trade, even companies are unable to cover the fixed of their businesses.
  • Revenue loss has become the unanimous problem throughout the globe, since companies are not able to costs now. And if covering cost is becoming the challenge then it is but obvious it will lead the companies to revenue losses and profitability losses.
  • The worst effect of covid-19 pandemic is affecting the model of supply chain in the market and the operations. Identifying the methods of supply chain has become the biggest challenge for the companies. Moreover it is affecting the distribution plan and incurring unnecessary costs to the companies.

References for Motor Vehicle Design Firm Business Plan

Maragakis LL. "Coronavirus, Social Distancing and Self Quarantine" www.hopkinsmedicine.org. Johns Hopkins University. Archivedfrom the original on 18 March 2020. Retrieved 18 March 2020.

Parker-Pope T(19 March 2020). "Deciding How Much Distance You Should Keep". The New York Times. ISSN0362-4331. Archived from the original on 20 March 2020. Retrieved 20 March 2020

Bourgeois, David T. (2014). Information Systems for Business and Beyond. The Saylor Academy. p. 5.

"What are Management Information Systems?" Mays Business School. Archived from the originalon May 9, 2015

"Delivering Business Analytics and Technology Solutions". Saunders College of Business, Rochester Institute of Technology. 2017-04-28.

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