Explore BrainMass

Financial Management and Information Flows

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

In your project assignment for this module, you'll be pleased to know that there is no calculation involved, at least not by you directly. This time, you'll acquire some hands-on familiarity with a financial information system through exploring what they refer to as the "Kuali test drive". This is a sort of experiential tutorial intended to give financial managers considering the application of Kuali in their organizations the opportunity to see how it works and the kind of interfaces that the system would present to their staff and to users.

For this module, you should go to the Kuali test drive page, read about the system, review the driver's manual, and try the first two scenarios described in the test drive. If you are asked for a username you can use 'khuntley'.

When you have completed your activities here, write a short (2-3 page) report describing what you did during the test drive, your evaluation of the system at this point (admittedly, this will be based on limited information, but that's okay), and questions that are in your mind regarding the use of a financial information system such as Kuali.

This will be a preliminary assessment; you'll be returning to the test drive in module five, and to have an opportunity to further your understanding of it and to clarify some issues.

© BrainMass Inc. brainmass.com October 17, 2018, 12:11 pm ad1c9bdddf

Solution Preview

Kuali seems to be a way to input financial documents. It has a large number of document formats: transactions, custom document searches, balance inquiries and reports.

It appears to also provide a way to sort and report transactions in a business. The first thing that I did was look at Transactions Error Correction in the Main Menu, because I have used systems like this in two different job positions.

The default locations there seem to be directions (east, west) or buildings (hospitals) and cities such as South Bend.
The accounting lines are familiar to me, since I worked as a university administrative assistant for a number of years. This section divides its folders into useful categories that someone who is familiar with accounting could use.

Second, I looked at Cash Control under Accounts Receivable. It is a way to keep track of transactions that use cash, checks, or credit cards. I liked how it ...

Solution Summary

This paper describes Kuali, a financial management software for a business. It is already set up for a business office employee or manager. Two scenarios were performed.

Similar Posting

1750-2000 words, excluding title and references

As SACs corporate business financial analyst, you will be required to provide the SAC Board of Directors and executive management team with essential financial information on the management of the SAC enterprise. What are the basic financial statements you will submit to the Board and management? What information is contained in each of the statements? How will the information that you provide be used by the management team? How will it help them manage the enterprise? What are the limitations of the information that you provide to the management team? How can the management team ensure that they obtain a complete picture of the enterprise?

View Full Posting Details