In class on Thursday, we talked about how information systems relate to production. Information systems increase the accuracy of data being processed. They also allow users to interact with that data quicker. For example, accounting used to be done in paper journals. It was more difficult to find and fix errors with this method than it is with modern accounting software. The accuracy of information was also dependent on human calculations. Now, we can utilize programs such as Excel to create spreadsheets that are easy to read (not dependent on the quality of someones handwriting) and which allows the utilization of formulas to make calculations and changes quickly and easily. Other software, such as Quickbooks and Peach Tree, allow users to easily assimilate mass amounts of financial data pertaining to a company's performance. This information can then be easily sent to stakeholders any where in the world almost instantaneously via the internet. With the use of information systems, the possibilities for increasing a company's productivity are nearly endless.
I'm sure business owners and accountants would not want to deal with actual paper journals of the accounting. It is now more easier to access, making things quicker for people who need to obtain information regarding company finances. Excel I'm sure is something business people were extremely thankful for & still are!
ReplyDeleteI am accounting major. I know it is very easy for businessman to deal with any transaction on excel and the system can store any data in the computer. Any businessmen can adjust data at any time if changed.
ReplyDeleteI agree with siyan. For an accounting person, Excel is really helpful!
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