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Class Lecture Slide - ICAB, CA Professional Level, IT Knowledge
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IT KNOWLEDGECA Professional Stage - Knowledge Level, ICABTeacher: Mohammad Abdul Matin
Chapter 3Management of IT
Chapter Outline Describe Policies and Management
Processes Efficient Running of IT Systems What is an Asset? Describe IT Asset
Management. What is a Software? How to Control Software
Changes Management of IT Problems Information Technology Management IT Performance Management What is Informn. Security? Management of
IT Security Accounting Software
IT and IT Managers’ Role Managing the accessibility, storage, analysis
and protection of Information using different technologies.
Enabling business processes with the use of technologies.
Establish competitive advantage(s) for the Business through use of Information processing technologies.
Roles of IT Function
Strategies and Competitive Edges
Business Decision Making
Business Processes and Operations
Support Function
Enabler
Strategic Partner
Information Technology Architecture
Technology Platform
Data Resources
Application Portfolio
IT Organization
IT Performance ManagementBudgetary of Financial Performances• Historical Approach– based on past IT costs– do not take market condition, business strategy
and other important factors into account
• Top Down Approach– set by the Management– IT goals consistent with business goals
• Benchmarking Approach– Bases on industry best practices– Follows Technology trends
IT Performance Management Linked to Corporate Strategy
Corp. Vision & Strategy
IT Strategy
IT Aims
Key Performance Indicators (KPIs)
Long term Company Goals and Strategy to Achieve them
Developed to support Corporate Strategy
IT Strategy detailed to specific IT goals
Action oriented measurable performance targets
IT Performance Management Consistent Framework
– Common denominators– Can differ in functional targets based on entirely
different business nature Top Down Approach
– CIO / IT Management develops strategy– Cascaded down to the Business Units
Bottom Up Approach– Integrated from the Balance Score Card and Business
Goals Instrument Related Approach
– Balance Scorecard and other IT-PM solution driven
Information Security Security Objectives– Confidentiality– Integrity– Availability
Sensitive Information– Strategic Plans– Business Operation Information– Financial Information
Types of Security ControlPhysical Security Controls
Lock | Access Control | Fire Protection
Logical Security ControlsAuthentication | Anti Virus | Encryption
Environmental ControlsSecurity Policy | SOP | License | AMC | Warranty
Information System Operating ControlsPerformance | Completion | Accuracy | Backup & Restore
Management of IT Security
•Weaknesses in IT Assets (software) that can allow damage
Vulnerability Management
•Virus, spamming, intrusions, etc.
Threat Management
•Logical security control through passwords, security groups
Trust Management
•Unification of user identity across systems, enhance effective access/security management
Identity Management
•Security logs, audit trails, monitoring against standards
Control, Audit & Monitoring
•Systematic reporting, prioritizing, resolving and analyzing issues and their root causes
Incident Management
Accounting System Core Modules:– Cash Book– General Ledger (GL)– Sales Order & Billing– Accounts Receivables (AR)– Purchase Order & Purchasing– Accounts Payables (AP)– Stock / Inventory– Fixed Asset (FA)
Accounting System Non Core Modules:– Debt Control (typically part of AR)– Electronic Payment Processing– Expenses Management & Budgeting– Inquiries (queries based on different custom
conditions)– Payroll– Reports and MIS– Timesheet– Purchase Requisition– Automatic Bank Reconciliation
Selecting Accounting SoftwareFeature Checklist Ability to drill down to transaction Import or export data with external sources Can generate custom reports Can post batch transactions Strong security Technical support available Historical data with comparability Cost center, profit center accounting Ability to integrate with external applications
Exam Questions Which criterion should be followed in
purchasing an Accounting Software?
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