Bank Accounting Information System And Electronic Banking
Introduction
Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999).
An information system is a set of interrelated subsystems that work together to collect, process, store, transform, and distribute information for planning, decisions making, and control. An information system need not be a computerized system, but the use of computer in information systems can improve the efficiency of information collection, processing, storing, transformation and distribution. An accounting information system (AIS) is the information subsystem within an organisation that accumulates information from the entity’s various subsystems and communicates it to the organisation’s information processing subsystem. The information processing subsystem is likely to be a separate department in the organisational entity that is responsible for computer hardware and software (Moscove, Simkin, & Bagranoff, 1999). The AIS has traditionally focused on collecting, processing, and communicating financial-oriented information to a company’s external parties (such as investors, creditors, and tax agencies) and internal parties (principally management). Today, however, the AIS is concerned with non-financial as well as financial data and information.
In general, a bank’s AIS has the same role as in other companies that is to provide financial and non-financial information to the company’s external parties (such as investors, creditors, and tax agencies) and internal parties (principally management). However, due to the characteristics of banking business, banks’ AIS have specific important features related to their liquidity management and the management of their customers’ accounts information.
A bank has to manage its liquidity efficiently in order to maximize profit and to fulfil regulation requirements (minimum reserve requirement). To perform such duties, the treasury manager needs information of consolidated balance of customers’ deposits, loans and o...
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Most people joining the fight against GMOs have no idea what they are and unaware of the many benefits. A genetically modified organism is a plant or animal that has had a gene from another organism inserted into it providing a desired trait. GMOs are created by genetic engineering techniques or transgenics (Bessin 1). The GMO Action Alliance “GMO Free USA” describes the process of genetic engineering as unnatural and experimental r...
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...upporting imperialism and the motivations behind their actions. Orwell, by admitting that his motive for killing the innocent beast was brought on by his own will to avoid humiliation at the hands of the locals means that Orwell is able to recognize the. With Orwell the oppression of the British on the Burmese people caused direct harm to Orwell. It is because of this cruelty found in humans that Orwell places emphasis in his essay on the unjustified violence inflicted on the elephant, who wrongly received judgement from the imperialistic response of Orwell to combat his own inner demons with the locals.
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