FASB Codification System provides the accountant with a vast array of information related to accounting issues. Assume that you are responsible for providing guidance to management on the implementation of the company's strategic plans and you want to insure that management has all of the pertinent information relative to the implementation of the company's strategic plans.
What other data bases might you use to insure that management has all of the pertinent information necessary for the successful implementation?
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Please find guidelines and ideas for writing about Database Systems down below.
Running Head: DATABASE SYSTEMS
Effective implementation of the strategic plan is a critical task for the management. Before the implementation of this plan, it is essential for the business personnel to collect pertinent information about the strategic plan. In this concern, various database systems have been introduced. For effective management of the staff functions and line functions as well as execution of the strategic plan, the company should make use of the data oriented model. The systematic integration of the goals can be done with the help of a well-developed information system (O'Brien, 2003).
Some of the important database systems are the management information system (MIS), knowledge management system (KMS), enterprises resource planning (ERP), relational database management systems (RDBMS), computerized maintenance management system (CMMS), and enterprise asset management (EAM). All of these systems are very successful to store the relevant information for the successful implementation of strategic plan.
Different Database Systems
Management Information System: It is useful to control the internal operations of the firm. With the help of this system, the firm can gain information to manage the organization and its plan, which also comprises the decision support system, executive information system, expert system, etc. (Davis & Everest, 2002). It has an essential place in the strategic planning process along with the specification of the necessary details (Jawadekar, 2002).
Knowledge Management System: ...
The solution discusses what other data bases might you use to insure that management has all of the pertinent information necessary for the successful implementation regarding FASB codification system.