Tools And Technology And Their Effects On Managerial...

Managerial Accounting Tools Omid Ashrafi December 12, 2014 City University of Seattle Abstract This paper talks about tools and technology and their effects on managerial accounting. It is clarifying Systems, Applications Products in Data Processing (SAP) which is one of the most popular and important software in these days and many companies are using this software to manage their supply chain and managerial accounting procedures. Later, it will talk about SAP features, financial staff and their value related to SAP, technology effects on business, and trends. Introduction Today, managers are using traditional and new tools to manage operational and strategic functions. They need information to control internal procedure in the company. The new software tools such as SAP, Oracle, People soft, and JD Edward help managers to make better practical decision. They can able to be expended in any business area which is the main reason for using these tools in these days. For example, budgeting is an area where many experts suggest that traditional practices have become updated; however, some manufacturing companies are still using complicated data systems for managing inventory, tracking raw materials, controlling production, and many experts and consultant companies believe that traditional tools should be discontinued because they cannot able to be expanded. As a result, new software tools are focusing on internal operations and helps managers to make better decisionsShow MoreRelatedTechnology Tools And Their Effects On Managerial Accounting999 Words   |à ‚  4 PagesManagerial Accounting Omid Ashrafi December 12, 2014 City University of Seattle Abstract This paper emphasize on technology tools and their effects on managerial accounting. It is clarifying Systems, Applications Products in Data Processing (SAP) which is using by many companies in these days to manage supply chain procedures and managerial accounting. Lately, it will talk about SAP features, SAP and the value of financial staff, technology effects, and trends. Managerial Accounting andRead MoreManagerial Accounting And The Certified Management1408 Words   |  6 PagesManagerial accounting is used by an organization to ensure informed decisions are made regarding current and future operations. Businessmen and women must have the ability to comprehend financial information provided to properly determine the correct course of action. In the global market of today, an organization’s inability to accurately determine the best course of action can lead to financial ruin for the company. 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