The Portable MBA in Finance and Accounting, 3rd Edition

528 Making Key Strategic Decisions Internal Control In addition to its opinion on the financial statements, the outside auditing ...

The Board of Directors 529 accountants are groomed for controllership. The audit committee may find it useful to get acquainted ...

530 Making Key Strategic Decisions The committee’s responsibility is to probe management’s rationales for its policies and there ...

The Board of Directors 531 Cisco was founded in 1984 and shipped its first product in 1985. The company grew rapidly. In 2000 it ...

532 Making Key Strategic Decisions Pension Fund Investments The most conservative practice is to invest the pension fund in annu ...

The Board of Directors 533 Discuss proposed major changes in the company’s strategy and direction, major financing proposals, a ...

534 Making Key Strategic Decisions Berenbeim, Ronald, The Corporate Board: A Growing Role in Strategic Assessment (New York: Con ...

The Board of Directors 535 Ward, Ralph D., Improving Corporate Boards: The Boardroom Insider Guidebook (New York: John Wiley, 20 ...

536 16 INFORMATION TECHNOLOGY AND THE FIRM Theodore Grossman INTRODUCTION The personal use of information technology was discuss ...

Information Technology and the Firm 537 computer systems and stopped outsourcing their data processing. Recognizing the power an ...

538 Making Key Strategic Decisions computers that functioned using the UNIX operating system. While, in the 1970s, Bell Labs act ...

Information Technology and the Firm 539 Moore’s Law, which predicts that the density of the components on a com- puter chip will ...

540 Making Key Strategic Decisions SOFTWARE Exhibit 16.3 represents the information systems paradigm. Operational control system ...

Information Technology and the Firm 541 run on mainframe technology, using programs written in COBOL; in fact, there are billion ...

542 Making Key Strategic Decisions The Internet works on a set of software standards the first of which, TCP/IP, was developed i ...

Information Technology and the Firm 543 (some companies have thousands of PC clients), maintaining the software for all of those ...

544 Making Key Strategic Decisions Accounts receivable systems serve two purposes. On one hand, they allow the company to contro ...

Information Technology and the Firm 545 provide most of the necessary functional modules for small and medium size companies, re ...

546 Making Key Strategic Decisions industry that is information dependent. Very little real money is ever touched. Rather, all t ...

Information Technology and the Firm 547 Electronic Data Interchange (EDI) allows companies to communicate and conduct electronic ...