Hi, I need help with essay on 1b: Report-AIS. Paper must be at least 500 words. Please, no plagiarized work!At the click of a button users can readily access information on sales, purchasing, invoicin

Hi, I need help with essay on 1b: Report-AIS. Paper must be at least 500 words. Please, no plagiarized work!

At the click of a button users can readily access information on sales, purchasing, invoicing, payroll, tax, accounts, finance, inventory control, and receive detailed reports and forecasts. Management operating a business before the advent of computerised accounting programs knows the amount of time and paperwork involved in maintaining core-areas of business.

Consequently, the first and foremost identifiable benefit of computerised AIS is a reduction in labour hours and time is money to any business.

In constructing a MYOB model for the problem at hand, assume the company that purchased the business simultaneously purchased and installed the necessary software. In the coming months, with a rapid increase in sales, management realised that growth would soon put pressure on infrastructure. They decide to purchase a warehouse. With the benefit of forecasts projected from sales data and financial reports, management undertakes the purchase informed as to the company’s specific and future needs in relation to size and location. Instead of anticipating future inventory and operating costs, the costing analysis feature of MYOB enabled the purchase to be made in the knowledge it is financially viable.

More importantly, as the company’s accounting system now reports in real-time and not historical (monthly, quarterly, etc), management can quickly identify problem accounts and implement action, maintaining the necessary cash flow level to service on-going costs.

The growth-phase is one of the most critical for a company or business, and to adequately manage, elements of process monitoring and system implementation are vital. In the case of the art supply company, whether the new owners had overcapitalised is problematic as a culmination of events led to the crisis, however it may well have been prudent to trade for another year or two and not borrow such a burdensome amount? Obviously