Advantages of applying Accounting Information System in the banking Term Paper

Advantages of applying Accounting Information System in the banking sector - Term Paper Example Business processes involve the coordination of closely related prearranged activities conducted either by the respective staff members or a computer. The main reason for the orderly arrangement of business activities is to ensure the accomplishment of the primary goals (Romney & Steinbart, 2012). Decision-making should be based on the available relevant information. Therefore, Banks should strive to improve their information gathering and processing tactics in order to produce relevant information. Accounting information system involves the gathering, storing and dispensing of both financial and accounting information, which is then rulied on for decision-making purposes (Romney & Steinbart, 2012). It is important to note that the accounting information system is applied on both the financial and non-financial data of an organization. Notably, the implementation of the accounting information system has the same advantages for banks as it has for other organizations in other sectors. On that note, the three advantages of applying the accounting information system in the banking sector could be helpful in making decisions, increasing efficiency and effectiveness and developing internal controls as will be discussed in this term paper (Romney & Steinbart, 2012). The accounting information system eases the preparation and the analysis of the financial statements. Company law requires the preparation and publication of the annual financial statements by banks and other companies. The preparation and publication of the financial statements are in the interest of various users of such information. The financial statements contain four categories of a company’s financial information such as the balance sheet, the income statement, the statement of changes in equity position and the cash flow statements. Each category of the information provides a different financial perspective of the banks (Hall, 2013). Financial statement analysis - the use of

North African emigrants to Europe Research Paper

North African emigrants to Europe - Research Paper Example Even those who have settled in cities retain a village mentality and are seen as backward by the business and cultural elites in their home countries† (Europe, 2009). There are many intercultural dynamics. North Africans living in Belgium and France are living in a society that is multicultural on one hand, and oppressive towards them on the other. These European countries are no longer colonial occupiers of North African countries: they are destinations for immigration. However, in terms of giving it is also important to think about cultural communication in the light of multicultural society. In France, for example, Islamic culture is directed towards a situation, where people lose their uniqueness and individuality to compromise to a standard which means the loss of diversity reflections in mainstream assimilation culture. This idea of Europe as an immigration destination through metaphor has become challenged recently, and multiculturalism holds that assimilation into the mainstream culture is one thing, but keeping one’s own culture (and, in the case of Islam, for example, religion) extant is another that needs significant attention, and may not fit in with the French or B elgian immigration theory as it exists in general discourse. There should be no room in the delivery system for thinking that suggests that ability can be determined along racial lines. Establishing close ties to the local community is an effective way of eliminating this sort of out-group thinking that can lead to stereotyping and discrimination at the policy and funding levels. By establishing these links and nurturing them, France and Belgium can align the helping environment with the needs of the local community, rather than isolating it in terms of policy that does not reflect the wants and needs of the surrounding macrocosm of society. Race, nationality, and