1.Establish systems controls for and procedure for financial and accounting systems toachieve corporate objectives.
Directs installation & maintenance of accounting timekeeping ,payroll , inventory , property & related procedure & controls.
Designs , manages & reporting systems to all departments and to aid managementdecision in achievement of stated objectives regarding revenue , profitability & marketshare.4.Prepare reports & Statements of estimated future cost & revenue.
Direct internal audit involving review of accounting & administrative controls. Coordinate preparation for external audit & External financial reporting.6.Oversee bank work regarding document inward / outward remittances etc.
Direct the preparation and filing of returns for sales tax , income tax , Excise & other form of taxes & charges.Q.3 What is a Decision Support System? Name one example of critical Reporting for each of theProduction, Marketing and Finance departments of the Company.?Ans : A decision Support system is a class of information system that support business andorganizational decision making activities. A properly designed DSS is an interactive software based system intended to help decision makers compile useful information from a combinationof raw data, documents , personal knowledge or business models to identify and solve problemsand make decision. DSS are usually computer application along with a human component thatcan shift through large amounts of data & pick between the many choices.It is important to note that although computers and artificial intelligence is atwork or in play with data it is ultimately up to humans to execute these strategies or comprehandthe data into a usable hypothesis.It is important to note that the field of DSS does not have a universally acceptedmodel , meaning that there are many theories vying for supremacy in this broad field. A cooperative decision support system is when data is collected , analyzed & then is provided to ahuman component which then can help the system revise or refine it.While the above DSS model takes the relationship of the user in mind & another popular DSS model takes into consideration the mode of assistance as the underlying basis of theDSS model. It includes the following models :
Model Driven DSS : It is when decision makers use statistical , simulation or financialmodels to come up with a solution or strategy. Keep in mind that these decisions are based on models however they do not have to be overwhelming data intensive.