4.11 Accounting and Finance

	Accounting IS should be applied to serve the purpose and keep track of the main goals of businesses – survival and profitability.
	Such IS take the form of computer software that allow the collating and processing of the relevant data to accomplish financial statements

such as Profit and Loss accounts and Balance Sheet.

	Profit and Loss financial accounts ascertain the profitability or loss of the business.
	The balance sheet provides a snap shot view on the business value of assets in parallel with its liabilities.
	Other accounting IS aid in stock control and payroll.
	Financial IS should be focused on aiding managers in the decision making process on both operational and strategic levels.
	Financial IS should also facilitate determining the position of the liquid funds of the business.
	Information should be available on the position of the capital invested in the business, in addition to potential investment opportunities.