Fianancial Management Systems
Computer-based financial information systems support financial managers in decisions concerning (1) the financing of a business and (2) the allocation and control of financial resources within a business.
Major financial information system categories include cash and securities management, capital budgeting, financial forecasting, and financial planning. Accounting information systems are frequently included as a vital category of financial information systems. The financial manager of a business may rely on a variety of financial planning, reporting, and transaction processing information systems to make financing, investment, and accounting decisions. Let's take a brief look at the functions of these computer-based financial systems. Figure 8.22 summarizes examples of important financial management systems.