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Summary CIMA E1 Chapter 9 - 13
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This bundle includes summaries of the official Astranti Syllabus for the CIMA E1 exam and includes the following: - Chapter 9 - The Finance Function & IT - Chapter 10&11 - Digital Technologies - Chapter 12 - Implementing Information Systems - Chapter 13 - IT Security & Performance Measurement

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Document information

  • November 10, 2023
  • 15
  • 2023/2024
  • Summary

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  • e1

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CIMA E1 – CHAPTER 9
THE FINANCE FUNCTION & IT

1. INTRODUCTION



Information Systems Information Technology
(IS) VS (IT)



The systems that Technology
manage information resources used by a
in a business business



Collect, process,
Hardware, software
store & distribute
& networks -
information -
Laptop, Adobe, Wifi
Netsuite


• Both need maintenance and regular updates which is the responsibility of IT.


Benefits of IT Transforma;on


Competitive Advantage

•IT can be used to identify trends that the business can use to offer tailored

Effective Decision Making

•Uptodate, accurate and realtime info helps managers make decisions quickly and confidently

Improving Productivity of Day to Day Activities

•Tasks can be done quicker and more efficiently

Measuring Performance

•Measuring cost estimates & forecasts against eachother

Communication

•gathering and distribution of information and collaboration is quick and efficient

Adopting New Ways of Working

•Distruptive Technology such as Uber

Flexible Working Practices (Remote Work)

•Employees don't have to be physically in work to access documents & info due to cloud systems




Advantages of Remote Work Disadvantages of Remote Wo
P Less spent on infrastructure O Less commitment
P Reduced absenteeism O Loss of control of staff
P Increased employee mo;va;on O Diluted organisa;onal culture.
& produc;vity O Extra costs for home office set
P ADracts more & beDer staff up.

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