Download file to see previous pages...
The first scenario is a simple procedure for adding a new project code to the system. One needs to enter the user name to get access into the production screen. To create a new project code, project code form has to be filled by entering all the required information. We can also confirm the submission of the project code and review the route log.
There are some new features that are added in the KFS module. For instance Kuali automatically directs the routing of the eDocs for online approval. The built in Kuali Enterprise Workflow (KEW) sends documents to the users set up by the organization. There are also control points established to ensure that the system does not allow duplicate entries and displays appropriate error messages. The system also allows us to send ad hoc requests even after the product code is created which makes it easier for the end users.
. The second scenario incorporates transferring funds from one account to another account using eDoc. To create a new transfer of funds eDoc, the description, account number and document overview field needs to be filled out. If invalid information is filled out, the application would indicate an error message. Once all the information is filled in, the eDoc can be submitted for Routing and approval. If the value is known to the user, it can be directly entered in eDoc otherwise the lookup icon is a very useful field which helps us search for the right values.
There is another important KFS feature which allows importing of accounting lines from comma separated values (CSV). We can access the templates from accounting fields, fill in the data and add the accounting lines by attaching the template.
My assessment of this system is that the KFS design includes a base system of general ledger, transactions, reporting and workflow hence this system can be adapted and customized to any institution as per the
...Download file to see next pagesRead More
The four major financial statements are the income statement, balance sheet, statement of retained earnings, and the statement of cash flow (Weygandt, Kieso, Kimmel, 2002). All public companies are required by the Securities and Exchange Commission to include its financial statements within the content of the annual report.
rs of the business entity about its financial information. The financial reports prepared in accordance with the accounting procedures followed can be used both internally within the business entity as well as externally. The former is known as management accounting and the later as financial accounting or reporting.
In this paper, I seek to discuss aspects of financial management and accounting in a healthcare organization’s setup – nursing home. Identification of the Type of Organization – Nursing Home A nursing home refers to a set of “facilities with three or more beds that routinely provide nursing care services” (Evashwick, 2005, p.
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?
Information forms a vital part of any organization because it is a key source of alternatives or options that lead to either beneficial or detrimental changes (Stefan & Carsten, 2000). It is only through information that organizations can get the opinion of consumers on their products, their potential in the market, technological advances and employee details.
Management accounting is the process of identifying, recording, classifying, analysing and reporting of all cost aspects of information for management decisions, planning and control, performance evaluation, and even strategic purpose (Berry & Jarvis, 1997; Dyson, 2003; Glynn & Murphy, 1998; Wood & Sangster, 2002).
Banks need to use financial management techniques in making investment and accepting new projects. Banking operations also account for major risks that bear capacity to affect a bank's cash flows, earnings and shareholder wealth. This emphasises the importance of risk management in the banking sector.
hardware, information processing instructions and procedures i.e. software, communication channels i.e. networks, and stored data i.e. data resources.
Today's internetworked information systems play a vital role in the success of an enterprise. Information technology is transforming the way business is carried on.
A portfolio can comprise of various assets like equity, options, futures, bonds, real estate etc. With growing globalization the portfolio can also include overseas security. This is done by investing in equities and other assets of a