The Business Finance function and Information System function are an essential ingredient for sustaining international business competitive advantage. They all play a number of roles in ensuring that the business is run smoothly.

Required

(a) To what extent do you agree with this statement? Support your arguments with any relevant case materials.

(5 marks)

(b) Describe the process of the finance function and the difference between management accounting and financial accounting. Explain in your own words why they are important and how information generated by the same can be used by managers of the organisation.

(9 marks)

(c) In order for the business to benefit from data, companies will invest in business information systems. Outline any 3 information management systems that can be used by management to support them in making business decisions