TRANSACTION PROCESSING SYSTEM
TRANSACTION
TRANSACTION PROCESSING SYSTEM
Actual process
FUNCTIONAL AREA INFORMATION SYSTEM
Information Systems for Accounting and Finance
Financial Planning and Budgeting
Information Systems for Marketing
Information Systems for Production/Operations Management

Financial Planning and Budgeting

Appropriate management of financial assets is a major task in financial planning and budgeting. Managers must plan for both the acquisition of resources and their use. Financial and Economic Forecasting. Knowledge about the availability and cost of money is a key ingredient for successful financial planning. Cash flow projections are particularly important, because they tell organizations what funds they need and when, and how they will acquire them.