Make way for the computer in the boardroom

Article Abstract:

Because corporate boards of directors make decisions, computers capable of accessing, presenting and modeling information quickly and reliably can help the board members to make decisions involving 'what-if' situations. Moreover, computers are beneficial in assisting corporate boards to monitor the performance and operation of the companies they manage. A hypothetical corporate board decision support system is discussed in which databases are used to record production and financial data for every company location or operating unit on a monthly basis, such that any question asked in a board meeting may be answered by the database. Ideally, this system would also allow the inquiring board member to select the method in which the data are presented, so that it could be readily interpreted.

Decision-making, Decision making, Analysis, Executives, Decision support systems, Corporate officers, Great Britain

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Get your computer to integrate with your client

Article Abstract:

One of the advantages computers offer to accounting is the integration of the accounting systems of small- or medium-sized client firms with those of the accounting firms. Requirements for efficient integration are proper choice, evaluation, and installation of business computers and software, as well as marketing the benefits of the system. Such an arrangement can provide more efficient service and eliminate the need for a financial manager. This has already been put to practice by some accounting firms in South Wales. The system produced various reports on management, product turnover and profitability, and variance analysis. Many accounting firms, however, are still reluctant to change.

Microcomputers, Accountants, Accounting, Customer service, Public relations, Accounting software

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Random progress and capital rationing

Article Abstract:

Capital expenditures planning depends upon the proper analysis of positive and negative cash flows. A computer program to assist in the selection of the proper schedule for a given number of capital projects (with defined costs and expenses) is provided. The program uses the technique known as Random Progress. The expenditure schedule assumes that all financing of capital projects must be performed with company-generated funds; consequently, each project's returns must be calculated to ensure that they are sufficient to cover the next project's expenses.

Capital investments, Managerial accounting

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