icab - itk chapter 1 class 2-3 - information within organization
DESCRIPTION
Class slides for CA Professional Knowledge Level students at ICAB.TRANSCRIPT
IT KNOWLEDGECA Professional Stage - Knowledge Level, ICABTutor: Mohammad Abdul Matin
Chapter 1Information Within Organization
Chapter Outline What is Information? Difference Between Data and Information Why Information is a Key Resource in
Organization? Attributes of Information What is an Organization? Characteristics of Decision Support System Information System and Different Levels Information Systems Between and Within
Organizations What is Financial Reporting System and Role
of IT in FRS
Components of DSS
The UsersManager at Different Levels | Business User
DatabasesCan be Multiple | Can be External
Planning LanguagesCube | General Purpose | Special Purpose
Model BaseTabulation | Analysis | Time Series Analysis
Examples of DSS Cost Accounting System Capital Budgeting System Budget Variance Analysis System General Decision Support System Balanced Scorecard / Performance
Scorecard What If Analysis (Business Intelligence)
Information System Levels
EIS
MIS, DSS
TPSExecution Level Management
Mid & Top Level Management
Top Management
Source of Information
Usa
ge F
requ
ency
Impa
ct
Num
ber o
f Rep
orts
ScorecardF3 Improve Productivity of Our
Employees MF3.1 Net Sales Value (NSV) Per Employee
Based on ABP
MF3.2 Profit Per Employee Based on ABP
S3 Be The Employer of Choice MS3.1 Third Party “Employer of Choice” Ranking
Top 2 in BD KS3.1 Initiate participation in all major job
fairs
P3A Ensure Role Clarity with Appropriate Empowerment
MP3A.1 Employee Survey Score <9 KP3A.1 Survey to find out the availability of
formal Role Definition & role clarity
KP3A.2 Conduct sessions at CEC level to ensure 100% availability of RD
KP3A.3 Survey to assess the level of employee empowerment
KS3.2 Develop student engagement program
P3B Establish Clear Succession Plan for All Key Personnel
MP3B.1 Succession Readiness Index 0.8 KP3B.1 Leadership Succession Process (in
conjunction with outside consultant)
MS3.2 Employee Satisfaction Index (ESI) 1.2
KP3A.4 Run management programs to drive the culture of empowerment
KP3A.5 Design supervisors’ KRA to drive employee empowerment
IS Between & Within Organizations Passive or Interactive Information Systems– Passive is static / one way– Interactive is updatable
Management Information Systems Batch Processing and Rapid Processing– Batch: payroll system– Rapid: movie ticketing system
IS Between & Within Organizations Knowledge Based Systems– Diagnostic: leads to specific area of knowledge
by questioning and filtering– Advice giving: MRP, MAP, Automated Factory
Order, etc.– Decision Making: “What if” Analysis or Scenario
Analysis
Financial Reporting Features Rating Ratios– System calculation of useful ratios based on data– Configurable context for the ratios
Graphics– Infographics help better understanding and
attention Pivot Tables– Analysis, comparison
Alarms– Reduces pitfalls and mistakes– Helps keeping right pace in
workflows/dependecies
Infographics
Helps quick attention and understanding
Pivot Table
Financial ReportingInternational Financial Reporting
Standards (IFRS)
It’s a standard framework Standards, interpretations and the
framework adopted by the International Accounting Standards Board (IASB)
Policy Details (System Owner) Access Control– Add/Change to be formally requested– Deactivated on termination– Change permissions as per role changes– Periodic review for appropriateness
Segregation of Duties– Role based access and permissions– “Need to have” basis access to features and
information
Policy Details (System Owner) Review Procedures– Administrator provides list– System owner reviews permissions and
recommends changes– Functional/technical staff executes changes– System owner checks and confirms changes
Audit of Externally Hosted Vendor Systems– External vendors conduct SAS 70 review– System owner reviews and reports to Chief
Security Officer Compliance– Different standards and Government regulations
Policy Details (Technical Owner) Antivirus Controls Auditing and Review Authentication Backup & Recovery Incident Response Passwords Physical Security Security Updates and
Patches
Change Control System Warnings /
Alerts
Exam Questions What is Information? Narrate the importance
of Information. Write in brief, the important attributes of
Information. What is DSS?
Thank You
Next ClassTopics: Chapter 3