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17 Pages Topic Notes Year: Pre-2021 Previously uploaded under: ACCT3201 - Accounting Information Systems

Module 1: Setting a context • We are managers within an organisation • We are responsible for ensuring our organisation survives and prospers • What are the key decisions we must make to ensure our organisation achieves its goals? • What are the critical success factors (CSFs) / key performance indicators (KPIs) • What information is needed to determine the states of CSF/KPIs? • Does this information exist, if so where is it located? • If not, how should we collect and present this information? Example • Critical decisions: Should we be in this line of business? • CSF: Predicted sales trends • Information required: Demand predictions, price predictions, likely entry of competitors • Information sources: Historical sales forecasts, market research, etc. Nature of key decisions • Decisions that have a significant impact on the future of the organisation • We cannot focus on all decisions we might make, what are the critical ones? One perspective on managerial decision making • Planning (Strategic and operational planning) • Organising (Gathering, allocating and structuring resources) • Leading (Motivating, leading, communicating) • Controlling (Benchmarking and monitoring) Second perspective: Levels of decision making • Strategic (Should we be in this line of business?) • Management (Can we reduce delivery time for products sold?) • Operational (Do we need to order more inventory?) • Transactional (Has a sales order been processed in a timely fashion?)


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Accounting Information Systems Mid-Semester Exam Summary L1-6 - Page 1
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