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Financial Analytics and Control

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Financial Analytics and Control
B. Anuradha
Series: All Books
ISBN 9788119243341
 Publication Date

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EBOOK (PDF)

Description

Table of contents

Biographical note

Excerpt

User Reviews

This book Financial Analytics & Control is designed to address the syllabi requirements of undergraduate students of Commerce and Management.

Salient Features

• Comprehensive coverage of Accounting Information Systems, ERP and EPM System and Data Management

• Includes Chapters on Digital Finance Transformation, Cost Measurement Concept, Supply Chain Management and Business Process Improvement and Internal Control

• Includes objective type questions and end of chapter questions.

• Includes model question papers.

  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Preface
  • Chapter 1 Accounting Information System
    • 1.1 Accounting Information System (AIS) – Meaning
    • 1.2 Accounting Information System (AIS) – Definition
    • 1.3 Elements of AIS – Accounting/ Information/System
      • 1.3.1 Accounting
      • 1.3.2 Information
      • 1.3.3 System
    • 1.4 Objectives / Characteristic Features of AIS
      • 1.4.1 Comprehensiveness
      • 1.4.2 Computerization
      • 1.4.3 Flexibility
      • 1.4.4 Selective Sharing
      • 1.4.5 Decision Making
    • 1.5 Components of AIS
    • 1.6 Advantages of AIS in Accounting Processes
    • 1.7 Pre-requisites of an Effective AIS
    • 1.8 Limitations of AIS
    • Exercise
  • Chapter 2 ERP and EPM System
    • 2.1 Enterprise Resource Planning (ERP) – Meaning
    • 2.2 Features of ERP Module
    • 2.3 Steps in Implementation of ERP
      • 2.3.1 Requirement Analysis
      • 2.3.2 Evaluation Stage
      • 2.3.3 Planning the ERP Module
      • 2.3.4 Implementation
      • 2.3.5 Maintenance and Review
    • 2.4 Advantages of ERP
      • 2.4.1 Integrated Information
      • 2.4.2 Customized Reporting
      • 2.4.3 Process Efficiency
      • 2.4.4 Flexibility
      • 2.4.5 Competitive Advantage
    • 2.5 Disadvantages of ERP
      • 2.5.1 Cost Factors
      • 2.5.2 Lack of Skilled Personnel
      • 2.5.3 Complex Process
    • 2.6 Enterprise Performance Management (EPM) – Meaning
    • 2.7 Features of EPM Module
    • 2.8 Steps in Implementation of EPM
      • 2.8.1 Business Analysis
      • 2.8.2 Choosing the Right EPM System
      • 2.8.3 Implementation
      • 2.8.4 Training & Improvements
      • 2.8.5 Sustainability
    • 2.9 Advantages of EPM
      • 2.9.1 Improves Business Performance
      • 2.9.2 Increases Accountability
      • 2.9.3 Creating Shared Vision of the Strategy
      • 2.9.4 Global Standards
    • 2.10 Disadvantages of EPM
      • 2.10.1 Huge Cost & Infrastructure
      • 2.10.2 Change in Business Priorities
      • 2.10.3 Technology Problems
      • 2.10.4 Lack of Proper Staffing
    • 2.11 Difference between ERP and EPM
    • Exercise
  • Chapter 3 Data Management
    • 3.1 Meaning of Data
    • 3.2 Difference between Data and Information
    • 3.3 Hierarchy of Data
    • 3.4 Life Cycle of Data
      • 3.4.1 Data Entry
      • 3.4.2 Data Storage and Backup
      • 3.4.3 Data Sharing and Usage
      • 3.4.4 Data Archival / Protection
      • 3.4.5 Data Removal
    • 3.5 Data Breach – Types and Its Control Measures
      • 3.5.1 Physical Breach
      • 3.5.2 Electronic Breach
      • 3.5.3 Human Breach
    • 3.6 Data Management
    • 3.7 Data Governance
    • 3.8 Data Management (Vs) Data Governance
    • Exercise
  • Chapter 4 Digital Finance Transformation
    • 4.1 Meaning of Digital Finance Transformation
    • 4.2 Cloud Based Software
      • 4.2.1 Meaning of SDLC
      • 4.2.2 Advantages of SDLC
      • 4.2.3 Drawbacks of SDLC
    • 4.3 Process Automation
      • 4.3.1 Process Automation - Meaning
      • 4.3.2 Finance Process Automation Under Each Tasks
    • 4.4 Business Intelligence
      • 4.4.1 Business Intelligence – Meaning
      • 4.4.2 How Does It Work?
      • 4.4.3 Types of Business Intelligence Tools
    • 4.5 Data Mining
      • 4.5.1 Data Mining – Meaning
      • 4.5.1 Types of Data Mining
      • 4.5.3 Steps in Data Mining
      • 4.5.4 Advantages of Data Mining
      • 4.5.5 Disadvantages of Data Mining
    • 4.6 Data Analytics
      • 4.6.1 Data Analytics – Meaning
      • 4.6.2 Types of Data Analytics
      • 4.6.3 Data Mining (Vs) Data Analytics
    • 4.7 Data Visualization
      • 4.7.1 Data Visualization – Meaning
    • Exercise
  • Chapter 5 Cost Measurement Concept
    • 5.1 Meaning of Cost
    • 5.2 Meaning of Cost Behavior and Its Types
    • 5.3 Meaning of Cost Object and Its Types
    • 5.4 Methods of Costing
      • 5.4.1 Absorption Costing
      • 5.4.2 Variable Costing
      • 5.4.3 Actual Costing
      • 5.4.4 Standard Costing
      • 5.4.5 Normal Costing
      • 5.4.6 Activity Based Costing
      • 5.4.7 Life Cycle Costing
      • 5.4.8 Joint Costing
      • 5.4.9 By-Product Costing
      • 5.4.10 Job Order Costing
      • 5.4.11 Process Costing
    • 5.5 Meaning of Overhead and Its Types
    • 5.6 Overhead Allocation
      • 5.6.1 Plant-wide Overhead
      • 5.6.2 Departmental Overhead
    • 5.7 Determination of Allocation Base
    • 5.8 Allocation of Service Department
      • 5.8.1 Direct Method
      • 5.8.2 Step Method
      • 5.8.3 Reciprocal Method
    • Exercise
  • Chapter 6 Supply Chain Management and Business Process Improvement
    • 6.1 Supply Chain Management
    • 6.2 Features of Supply Chain Management
    • 6.3 Scope / Importance of Supply Chain Management
      • 6.3.1 Challenges in Supply Chain Management
    • 6.4 Business Process Improvement
    • 6.5 Lean Manufacturing
      • 6.5.1 Advantages of Lean Manufacturing
      • 6.5.2 Disadvantages of Lean Manufacturing
    • 6.6 The Theory of Constraints
      • 6.6.1 The Five Focusing Step
      • 6.6.2 Throughput Accounting
      • 6.6.3 Advantages of Theory of Constraints (TOC)
      • 6.6.4 Disadvantages of Theory of Constraints (TOC)
    • 6.7 Capacity Management & Analysis
    • 6.8 Value Chain Analysis
    • 6.9 Value Added Concepts
    • 6.10 Process Analysis
      • 6.10.1 Advantages of Process Analysis
      • 6.10.2 Disadvantages of Process Analysis
    • 6.11 Activity-Based Management
      • 6.11.1 Advantages of Activity Based Management
      • 6.11.2 Disadvantages of Activity-Based Management
    • 6.12 Continuous Improvement Concepts
    • 6.13 Best Practice Analysis
    • 6.14 Cost of Quality Analysis
    • 6.15 Efficient Accounting Processes
    • Exercise
  • Chapter 7 Internal Control
    • 7.1 Internal Control – Meaning
    • 7.2 Importance of Internal Control
    • 7.3 Components of Internal Control
      • 7.3.1 Control Environment
      • 7.3.2 Risk Assessment
      • 7.3.3 Control Activities
      • 7.3.4 Information and Communication
      • 7.3.5 Monitoring
    • 7.4 Internal Control Structure & Management Philosophy
    • 7.5 Internal Control Policies For Safeguarding and Assurance
      • 7.5.1 Appointment of Trustworthy Employess
      • 7.5.2 Segregation/ Assignment of Duties
      • 7.5.3 Rotation of Duties
      • 7.5.4 Record Keeping
      • 7.5.5 Use of Mechanical Devices
    • 7.6 External Audit Requirements
    • 7.7 Corporate Governance
      • 7.7.1 Meaning
      • 7.7.2 Objectives/ Purpose of Corporate Governance
      • 7.7.3 Principles of Corporate Governance
      • 7.7.4 Advantages of Corporate Governance
    • 7.8 System Controls & Security Measures
    • Exercise
  • Model Question Papers
  • Index

Dr. B. Anuradha is a qualified Company Secretary from the Institute of Company Secretaries of India (ICSI) and holds her Doctorate degree in Commerce from University of Madras. Presently serving as Assistant Professor in Anna Adarsh College, Chennai with 3 years of experience in the teaching field, she has also experience working in US Audit firms and MNCs for about 5 years.

FINANCIAL ANALYTICS AND CONTROL

FINANCIAL ANALYTICS AND CONTROL

DR. B. ANURADHA

Assistant Professor

Department of Commerce

Anna Adarsh College for Women

Vijay Nicole Imprints Private Limited

CHENNAI

Published by

Vijay Nicole Imprints Private Limited

No. 1B, Second Main Road,

Ram Nagar South, Chennai – 600 091

Phone: + 91 - 44 - 4283 7178, 72002 58368, 97898 33533

Email: vni@vijaynicole.co.in Website: www.vijaynicole.co.in

Financial Analytics and Control

ISBN: 978-81-19243-34-1

ISBN (ePub): 978-81-19243-59-4

ISBN (ePdf): 978-81-19243-80-8

Copyright © 2024, Vijay Nicole Imprints Private Limited

No part of this publication may be reproduced or distributed in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise or stored in a database or retrieval system without the prior written permission of the publishers and copyright holders. The program listings (if any) may be entered, stored and executed in a computer system, but they may not be reproduced for publication.

Information contained in this work has been obtained by publishers, from sources believed to be reliable. However, neither publishers nor copyright holders guarantee the accuracy or completeness of any information published herein, and neither publishers nor copyright holders shall be responsible for any errors, omissions, or damages arising out of use of this information. This work is published with the understanding that publishers and copyright holders are supplying information but are not attempting to render engineering or other professional services. If such services are required, the assistance of an appropriate professional should be sought.

Laser typeset at: Maven Learning Private Limited, Chennai - 600 091

CONTENTS

Preface

Chapter 1 Accounting Information System

1.1 Accounting Information System (AIS) – Meaning

1.2 Accounting Information System (AIS) – Definition

1.3 Elements of AIS – Accounting/ Information/System

1.3.1 Accounting

1.3.2 Information

1.3.3 System

1.4 Objectives / Characteristic Features of AIS

1.4.1 Comprehensiveness

1.4.2 Computerization

1.4.3 Flexibility

1.4.4 Selective Sharing

1.4.5 Decision Making

1.5 Components of AIS

1.6 Advantages of AIS in Accounting Processes

1.7 Pre-requisites of an Effective AIS

1.8 Limitations of AIS

Exercise

Chapter 2 ERP and EPM System

2.1 Enterprise Resource Planning (ERP) – Meaning

2.2 Features of ERP Module

2.3 Steps in Implementation of ERP

2.3.1 Requirement Analysis

2.3.2 Evaluation Stage

2.3.3 Planning the ERP Module

2.3.4 Implementation

2.3.5 Maintenance and Review

2.4 Advantages of ERP

2.4.1 Integrated Information

2.4.2 Customized Reporting

2.4.3 Process Efficiency

2.4.4 Flexibility

2.4.5 Competitive Advantage

2.5 Disadvantages of ERP

2.5.1 Cost Factors

2.5.2 Lack of Skilled Personnel

2.5.3 Complex Process

2.6 Enterprise Performance Management (EPM) – Meaning

2.7 Features of EPM Module

2.8 Steps in Implementation of EPM

2.8.1 Business Analysis

2.8.2 Choosing the Right EPM System

2.8.3 Implementation

2.8.4 Training & Improvements

2.8.5 Sustainability

2.9 Advantages of EPM

2.9.1 Improves Business Performance

2.9.2 Increases Accountability

2.9.3 Creating Shared Vision of the Strategy

2.9.4 Global Standards

2.10 Disadvantages of EPM

2.10.1 Huge Cost & Infrastructure

2.10.2 Change in Business Priorities

2.10.3 Technology Problems

2.10.4 Lack of Proper Staffing

2.11 Difference between ERP and EPM

Exercise

Chapter 3 Data Management

3.1 Meaning of Data

3.2 Difference between Data and Information

3.3 Hierarchy of Data

3.4 Life Cycle of Data

3.4.1 Data Entry

3.4.2 Data Storage and Backup

3.4.3 Data Sharing and Usage

3.4.4 Data Archival / Protection

3.4.5 Data Removal

3.5 Data Breach – Types and Its Control Measures

3.5.1 Physical Breach

3.5.2 Electronic Breach

3.5.3 Human Breach

3.6 Data Management

3.7 Data Governance

3.8 Data Management (Vs) Data Governance

Exercise

Chapter 4 Digital Finance Transformation

4.1 Meaning of Digital Finance Transformation

4.2 Cloud Based Software

4.2.1 Meaning of SDLC

4.2.2 Advantages of SDLC

4.2.3 Drawbacks of SDLC

4.3 Process Automation

4.3.1 Process Automation - Meaning

4.3.2 Finance Process Automation Under Each Tasks

4.4 Business Intelligence

Comments should not be blank
Rating
Description

This book Financial Analytics & Control is designed to address the syllabi requirements of undergraduate students of Commerce and Management.

Salient Features

• Comprehensive coverage of Accounting Information Systems, ERP and EPM System and Data Management

• Includes Chapters on Digital Finance Transformation, Cost Measurement Concept, Supply Chain Management and Business Process Improvement and Internal Control

• Includes objective type questions and end of chapter questions.

• Includes model question papers.

Table of contents
  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Preface
  • Chapter 1 Accounting Information System
    • 1.1 Accounting Information System (AIS) – Meaning
    • 1.2 Accounting Information System (AIS) – Definition
    • 1.3 Elements of AIS – Accounting/ Information/System
      • 1.3.1 Accounting
      • 1.3.2 Information
      • 1.3.3 System
    • 1.4 Objectives / Characteristic Features of AIS
      • 1.4.1 Comprehensiveness
      • 1.4.2 Computerization
      • 1.4.3 Flexibility
      • 1.4.4 Selective Sharing
      • 1.4.5 Decision Making
    • 1.5 Components of AIS
    • 1.6 Advantages of AIS in Accounting Processes
    • 1.7 Pre-requisites of an Effective AIS
    • 1.8 Limitations of AIS
    • Exercise
  • Chapter 2 ERP and EPM System
    • 2.1 Enterprise Resource Planning (ERP) – Meaning
    • 2.2 Features of ERP Module
    • 2.3 Steps in Implementation of ERP
      • 2.3.1 Requirement Analysis
      • 2.3.2 Evaluation Stage
      • 2.3.3 Planning the ERP Module
      • 2.3.4 Implementation
      • 2.3.5 Maintenance and Review
    • 2.4 Advantages of ERP
      • 2.4.1 Integrated Information
      • 2.4.2 Customized Reporting
      • 2.4.3 Process Efficiency
      • 2.4.4 Flexibility
      • 2.4.5 Competitive Advantage
    • 2.5 Disadvantages of ERP
      • 2.5.1 Cost Factors
      • 2.5.2 Lack of Skilled Personnel
      • 2.5.3 Complex Process
    • 2.6 Enterprise Performance Management (EPM) – Meaning
    • 2.7 Features of EPM Module
    • 2.8 Steps in Implementation of EPM
      • 2.8.1 Business Analysis
      • 2.8.2 Choosing the Right EPM System
      • 2.8.3 Implementation
      • 2.8.4 Training & Improvements
      • 2.8.5 Sustainability
    • 2.9 Advantages of EPM
      • 2.9.1 Improves Business Performance
      • 2.9.2 Increases Accountability
      • 2.9.3 Creating Shared Vision of the Strategy
      • 2.9.4 Global Standards
    • 2.10 Disadvantages of EPM
      • 2.10.1 Huge Cost & Infrastructure
      • 2.10.2 Change in Business Priorities
      • 2.10.3 Technology Problems
      • 2.10.4 Lack of Proper Staffing
    • 2.11 Difference between ERP and EPM
    • Exercise
  • Chapter 3 Data Management
    • 3.1 Meaning of Data
    • 3.2 Difference between Data and Information
    • 3.3 Hierarchy of Data
    • 3.4 Life Cycle of Data
      • 3.4.1 Data Entry
      • 3.4.2 Data Storage and Backup
      • 3.4.3 Data Sharing and Usage
      • 3.4.4 Data Archival / Protection
      • 3.4.5 Data Removal
    • 3.5 Data Breach – Types and Its Control Measures
      • 3.5.1 Physical Breach
      • 3.5.2 Electronic Breach
      • 3.5.3 Human Breach
    • 3.6 Data Management
    • 3.7 Data Governance
    • 3.8 Data Management (Vs) Data Governance
    • Exercise
  • Chapter 4 Digital Finance Transformation
    • 4.1 Meaning of Digital Finance Transformation
    • 4.2 Cloud Based Software
      • 4.2.1 Meaning of SDLC
      • 4.2.2 Advantages of SDLC
      • 4.2.3 Drawbacks of SDLC
    • 4.3 Process Automation
      • 4.3.1 Process Automation - Meaning
      • 4.3.2 Finance Process Automation Under Each Tasks
    • 4.4 Business Intelligence
      • 4.4.1 Business Intelligence – Meaning
      • 4.4.2 How Does It Work?
      • 4.4.3 Types of Business Intelligence Tools
    • 4.5 Data Mining
      • 4.5.1 Data Mining – Meaning
      • 4.5.1 Types of Data Mining
      • 4.5.3 Steps in Data Mining
      • 4.5.4 Advantages of Data Mining
      • 4.5.5 Disadvantages of Data Mining
    • 4.6 Data Analytics
      • 4.6.1 Data Analytics – Meaning
      • 4.6.2 Types of Data Analytics
      • 4.6.3 Data Mining (Vs) Data Analytics
    • 4.7 Data Visualization
      • 4.7.1 Data Visualization – Meaning
    • Exercise
  • Chapter 5 Cost Measurement Concept
    • 5.1 Meaning of Cost
    • 5.2 Meaning of Cost Behavior and Its Types
    • 5.3 Meaning of Cost Object and Its Types
    • 5.4 Methods of Costing
      • 5.4.1 Absorption Costing
      • 5.4.2 Variable Costing
      • 5.4.3 Actual Costing
      • 5.4.4 Standard Costing
      • 5.4.5 Normal Costing
      • 5.4.6 Activity Based Costing
      • 5.4.7 Life Cycle Costing
      • 5.4.8 Joint Costing
      • 5.4.9 By-Product Costing
      • 5.4.10 Job Order Costing
      • 5.4.11 Process Costing
    • 5.5 Meaning of Overhead and Its Types
    • 5.6 Overhead Allocation
      • 5.6.1 Plant-wide Overhead
      • 5.6.2 Departmental Overhead
    • 5.7 Determination of Allocation Base
    • 5.8 Allocation of Service Department
      • 5.8.1 Direct Method
      • 5.8.2 Step Method
      • 5.8.3 Reciprocal Method
    • Exercise
  • Chapter 6 Supply Chain Management and Business Process Improvement
    • 6.1 Supply Chain Management
    • 6.2 Features of Supply Chain Management
    • 6.3 Scope / Importance of Supply Chain Management
      • 6.3.1 Challenges in Supply Chain Management
    • 6.4 Business Process Improvement
    • 6.5 Lean Manufacturing
      • 6.5.1 Advantages of Lean Manufacturing
      • 6.5.2 Disadvantages of Lean Manufacturing
    • 6.6 The Theory of Constraints
      • 6.6.1 The Five Focusing Step
      • 6.6.2 Throughput Accounting
      • 6.6.3 Advantages of Theory of Constraints (TOC)
      • 6.6.4 Disadvantages of Theory of Constraints (TOC)
    • 6.7 Capacity Management & Analysis
    • 6.8 Value Chain Analysis
    • 6.9 Value Added Concepts
    • 6.10 Process Analysis
      • 6.10.1 Advantages of Process Analysis
      • 6.10.2 Disadvantages of Process Analysis
    • 6.11 Activity-Based Management
      • 6.11.1 Advantages of Activity Based Management
      • 6.11.2 Disadvantages of Activity-Based Management
    • 6.12 Continuous Improvement Concepts
    • 6.13 Best Practice Analysis
    • 6.14 Cost of Quality Analysis
    • 6.15 Efficient Accounting Processes
    • Exercise
  • Chapter 7 Internal Control
    • 7.1 Internal Control – Meaning
    • 7.2 Importance of Internal Control
    • 7.3 Components of Internal Control
      • 7.3.1 Control Environment
      • 7.3.2 Risk Assessment
      • 7.3.3 Control Activities
      • 7.3.4 Information and Communication
      • 7.3.5 Monitoring
    • 7.4 Internal Control Structure & Management Philosophy
    • 7.5 Internal Control Policies For Safeguarding and Assurance
      • 7.5.1 Appointment of Trustworthy Employess
      • 7.5.2 Segregation/ Assignment of Duties
      • 7.5.3 Rotation of Duties
      • 7.5.4 Record Keeping
      • 7.5.5 Use of Mechanical Devices
    • 7.6 External Audit Requirements
    • 7.7 Corporate Governance
      • 7.7.1 Meaning
      • 7.7.2 Objectives/ Purpose of Corporate Governance
      • 7.7.3 Principles of Corporate Governance
      • 7.7.4 Advantages of Corporate Governance
    • 7.8 System Controls & Security Measures
    • Exercise
  • Model Question Papers
  • Index
Biographical note

Dr. B. Anuradha is a qualified Company Secretary from the Institute of Company Secretaries of India (ICSI) and holds her Doctorate degree in Commerce from University of Madras. Presently serving as Assistant Professor in Anna Adarsh College, Chennai with 3 years of experience in the teaching field, she has also experience working in US Audit firms and MNCs for about 5 years.

Excerpt

FINANCIAL ANALYTICS AND CONTROL

FINANCIAL ANALYTICS AND CONTROL

DR. B. ANURADHA

Assistant Professor

Department of Commerce

Anna Adarsh College for Women

Vijay Nicole Imprints Private Limited

CHENNAI

Published by

Vijay Nicole Imprints Private Limited

No. 1B, Second Main Road,

Ram Nagar South, Chennai – 600 091

Phone: + 91 - 44 - 4283 7178, 72002 58368, 97898 33533

Email: vni@vijaynicole.co.in Website: www.vijaynicole.co.in

Financial Analytics and Control

ISBN: 978-81-19243-34-1

ISBN (ePub): 978-81-19243-59-4

ISBN (ePdf): 978-81-19243-80-8

Copyright © 2024, Vijay Nicole Imprints Private Limited

No part of this publication may be reproduced or distributed in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise or stored in a database or retrieval system without the prior written permission of the publishers and copyright holders. The program listings (if any) may be entered, stored and executed in a computer system, but they may not be reproduced for publication.

Information contained in this work has been obtained by publishers, from sources believed to be reliable. However, neither publishers nor copyright holders guarantee the accuracy or completeness of any information published herein, and neither publishers nor copyright holders shall be responsible for any errors, omissions, or damages arising out of use of this information. This work is published with the understanding that publishers and copyright holders are supplying information but are not attempting to render engineering or other professional services. If such services are required, the assistance of an appropriate professional should be sought.

Laser typeset at: Maven Learning Private Limited, Chennai - 600 091

CONTENTS

Preface

Chapter 1 Accounting Information System

1.1 Accounting Information System (AIS) – Meaning

1.2 Accounting Information System (AIS) – Definition

1.3 Elements of AIS – Accounting/ Information/System

1.3.1 Accounting

1.3.2 Information

1.3.3 System

1.4 Objectives / Characteristic Features of AIS

1.4.1 Comprehensiveness

1.4.2 Computerization

1.4.3 Flexibility

1.4.4 Selective Sharing

1.4.5 Decision Making

1.5 Components of AIS

1.6 Advantages of AIS in Accounting Processes

1.7 Pre-requisites of an Effective AIS

1.8 Limitations of AIS

Exercise

Chapter 2 ERP and EPM System

2.1 Enterprise Resource Planning (ERP) – Meaning

2.2 Features of ERP Module

2.3 Steps in Implementation of ERP

2.3.1 Requirement Analysis

2.3.2 Evaluation Stage

2.3.3 Planning the ERP Module

2.3.4 Implementation

2.3.5 Maintenance and Review

2.4 Advantages of ERP

2.4.1 Integrated Information

2.4.2 Customized Reporting

2.4.3 Process Efficiency

2.4.4 Flexibility

2.4.5 Competitive Advantage

2.5 Disadvantages of ERP

2.5.1 Cost Factors

2.5.2 Lack of Skilled Personnel

2.5.3 Complex Process

2.6 Enterprise Performance Management (EPM) – Meaning

2.7 Features of EPM Module

2.8 Steps in Implementation of EPM

2.8.1 Business Analysis

2.8.2 Choosing the Right EPM System

2.8.3 Implementation

2.8.4 Training & Improvements

2.8.5 Sustainability

2.9 Advantages of EPM

2.9.1 Improves Business Performance

2.9.2 Increases Accountability

2.9.3 Creating Shared Vision of the Strategy

2.9.4 Global Standards

2.10 Disadvantages of EPM

2.10.1 Huge Cost & Infrastructure

2.10.2 Change in Business Priorities

2.10.3 Technology Problems

2.10.4 Lack of Proper Staffing

2.11 Difference between ERP and EPM

Exercise

Chapter 3 Data Management

3.1 Meaning of Data

3.2 Difference between Data and Information

3.3 Hierarchy of Data

3.4 Life Cycle of Data

3.4.1 Data Entry

3.4.2 Data Storage and Backup

3.4.3 Data Sharing and Usage

3.4.4 Data Archival / Protection

3.4.5 Data Removal

3.5 Data Breach – Types and Its Control Measures

3.5.1 Physical Breach

3.5.2 Electronic Breach

3.5.3 Human Breach

3.6 Data Management

3.7 Data Governance

3.8 Data Management (Vs) Data Governance

Exercise

Chapter 4 Digital Finance Transformation

4.1 Meaning of Digital Finance Transformation

4.2 Cloud Based Software

4.2.1 Meaning of SDLC

4.2.2 Advantages of SDLC

4.2.3 Drawbacks of SDLC

4.3 Process Automation

4.3.1 Process Automation - Meaning

4.3.2 Finance Process Automation Under Each Tasks

4.4 Business Intelligence

User Reviews
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