1 / 42

FIN922 SECURE ACCOUNTING

FIN922 SECURE ACCOUNTING. Luis Teofilo Nunez President lnunez@cautus.net 1-305-372-7989 X 23. Dr. Carlos Ferran Professor of MIS (and DBMS) cferran@psu.edu. August 8, 2003. Agenda. Introduction Accounting Information Systems: An asset or a service

mada
Download Presentation

FIN922 SECURE ACCOUNTING

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIN922 SECURE ACCOUNTING Luis Teofilo Nunez Presidentlnunez@cautus.net 1-305-372-7989 X 23 Dr. Carlos FerranProfessor of MIS (and DBMS)cferran@psu.edu August 8, 2003

  2. Agenda • Introduction • Accounting Information Systems: An asset or a service • Developing a Computerized Accounting Information System • The SIM model • Current technologies and trends for Accounting Information Systems

  3. Agenda • Advantages of an AIS service through the Web • Application: Secure Accounting • Questions and Answers

  4. Who are we? • Transnational corporation funded in March of 1999 • Our offices are located in: • Miami, FL, USA – Financial District • Caracas, Venezuela • We develop On-line Management Information Systems using Java technology. • We have a multidisciplinary team, with years of experience in management, marketing, accounting and technology.

  5. Who are we? Luis Teofilo Nuñez • BS - Computer Science (Northeastern University in Boston Massachusetts) • Executive Director of El Universal (The largest daily newspaper in Venezuela) • Founder Computación Global (information technology magazine for the Venezuelan market) • Member of the board in several major Venezuelan financial institution like Arrendadora Consolidado (subsidiary of Venezuela's third largest bank), Banco de Venezuela (the second largest bank), Notitarde (newspaper in Valencia, Venezuela)   • Launched the on-line version of Computación Global, www.computacion.com.  • Current president of Cautus Networks Corp. Carlos Ferran Urdaneta • Doctor of Business Administration (Boston University) • Master in Finance • Assistant Professor of Management Information Systems at Penn State University • Teaches courses in Database Management Systems and Information System Strategy • Former CIO at a major Venezuelan bank • Consultant on information systems to several major Venezuelan and US institutions like PDVSA, Inelectra, Sunbeam Corp, USFeed Grain Council, US Meats, and American Soybean Association. • His current research is on how culture and technology affects the way we communicate and is aimed towards a better understanding of how Technology Mediated Communications (TMC) differ from face-to-face communications.

  6. Who are you? • Directors • Vice Presidents • Technology Managers • Developers

  7. Accounting Information Systems: An asset or a service • Before 80’s • Service • Low cost • Batch • 80’s • Asset • Low cost • On-line • Not networked • Incomplete • 90’s • Asset • High cost • On-line • Networked • Integrated • Comprehensive • Today • Service • Low cost • On-line • Networked • Integrated • Ubiquitous • Comprehensive

  8. Developing a Computerized Accounting Information System • Using a mirror image of the books for the database structure generates anomalies • Accounting Transactions reflect business transactions • Business transactions are stored in separate data objects • Redundancy and possible inconsistency

  9. Redundancy Redundancy Developing a Computerized Accounting Information System • Mirror the existing manual system Bookkeeping structure Redundant Database structure

  10. Developing a Computerized Accounting Information System • Using an appropriate database structure eliminates some possible anomalies • Accounting transactions derived from business transactions should not be physically stored; they should be derived • Accounting transactions derived from business transactions should be found on “database views (stored queries)” of the business systems

  11. Developing a Computerized Accounting Information System • SIM Solution—A proper DB Structure Bookkeeping structure Non Redundant Database structure Redundancy

  12. Developing a Computerized Accounting Information System • Reengineer Accounting • An established profession whose principles are based on tradition and consistency • A profession made up of individuals not usually inclined to change • A powerful charter that regulates the profession • Accounting will progress through evolution not revolution

  13. Developing a Computerized Accounting Information System • Mirror the existing manual system • Back to mirroring the manual system in both the background and the foreground • Leave the foreground (User Interface) but reengineer the background (DB structure and algorithms)

  14. Developing a Computerized Accounting Information System • Technologies & Trends • Develop in-house • Software packages • Large ERP system that includes best practices • Flexible packages that adapts to current organizational infrastructure • Adapt a generic program from and by a consulting company • Outsource--Hire the service over the web • Java technology • HTML technology

  15. Developing a Computerized Accounting Information System-Summary • We Should not design the DB structure as mirror images of the accounting books • We cannot change the way that accountants view accounting • Except for accounting firms, Accounting Information Systems (AIS) are not part of the core of the business of most companies • If your AIS is not a part of your core business treat it as a service/necessity and not as an asset

  16. The SIM model • SIM is a database model developed by Cautus Networks Corp. and used by SecureAccounting ® • The SIM model eliminates the database redundancy normaly inheritated from the manual system • SecureAccounting ®creates a user interface that use views of the SIM model to mirror the manual system

  17. Advantages of an AIS service through the web • No investment on AIS as an asset • Concentrate in your core competencies • Worldwide access (Internet) • Always updated • Professional data backup • Professional data security • …

  18. On Line World Wide Access Internet Concurrent access Secure Accounting

  19. Secure Accounting www.secureaccounting.net www.secureaccounting.net

  20. Secure Accounting Login

  21. Secure Accounting Company Login securedemo2

  22. Secure Accounting User Login LTN **************

  23. Secure Accounting Main Menu

  24. Secure Accounting Main Menu

  25. Secure Accounting Customers

  26. Secure Accounting Customers

  27. Secure Accounting Customers

  28. Secure Accounting Chart of Accounts

  29. Secure Accounting Transactions

  30. Secure Accounting Reconcile Bank Account

  31. Secure Accounting Reconcile Bank Account

  32. Secur Accounting Reconcile Bank Account

  33. Secure Accounting Reconcile Bank Account

  34. Secure Accounting Reports

  35. Secure Accounting System

  36. Secure Accounting Windows

  37. Secure Accounting Windows

  38. Secure Accounting Windows

  39. Secure Accounting Help

  40. To be licensed to 3rd parties (Sub-branding) To reach global market High Performance Multi platform on server side • Multi-zoning • Multi lingual Business Model

  41. Markets Small businesses • US • Latin-America • Others Channels of distribuition • Financial Institutions • ISP’s • Accounting Firms • Portals Business Strategies

  42. Questions & Answers ? ? ?

More Related