Information management is essential to any company in order gather, organize and
distribute information to support business performance. To run a smooth operation we
must keep track of delivery times, profits, sales and customer service comments.
To effectively begin to run a business you need to start with a managerial accounting
system. Every department manager needs to be able to keep track of projects, make
decisions, and plan for the future. When the company begins to expand we can begin to
look into a financial accounting system as well. A financial accounting system is more
concerned with external users which would include consumer groups, stockholders, and
government agencies. The reason managerial accounting is more important at the start up
of a business is because it requires all managers to be involved in all aspects of the
business it requires the managers to be involved in all aspects of the business and it
requires the managers to set performance goals to be achieved in a timely manner.
When information management and managerial accounting systems come together
organization and distribution make running the company smoothly. Investing in Microsoft
Office would allow the company to keep track of records and files. Microsoft Excel, a
spreadsheet database, would organize delivers, profits, and sales. Customer service
comments can be placed on Microsoft Access. Microsoft Access can create, store, sort and
search through several different entries and files.
REFERENCES:
Ebert, Ronald J. & Griffin, Ricky W. (2006). Business Essentials (5th Edition). Upper
Saddle River, NJ: Prentice H