The paper 'Asset Manager and Cloud Computing - Jimeny Cericket Pty Ltd" is a great example of a finance and accounting case study. The asset manager is computer software that enables companies that deals with vast information to keep track of its facilities easily and conveniently (Rudd 2009). Asset Manager enables one to have quick access of particulars of certain assets, keep track of huge volumes of assets and analyze the status of the assets simply and efficiently at any time. There is however high cost involved in installing and maintaining the system.
Internal operations of Jimeny Cericket Pty Ltd could be significantly simplified if they employed Asset management software. Introduction Asset Manager is a computer program that helps to keep track of assets, their numbers, and history and calculates the tax depreciation (Rudd 2009). The software is able to manage and keep track of all the assets in a company. Through the use of this software, it is easy and quick to find all the information of either individual asset or groups of the asset. In a Jimeny Crictet Pty Ltd, where varying forms of records about the facilities and staff are stored, Asset Manager is definitely a good tool to help in the organization of these records. Features of Asset Manager The main feature of Asset Manager is its ability to track assets in the business, regardless of the business size.
Through it, it is possible to track the asset by the location of the asset and the components of the asset. Among the features that can be tracked and managed by the software include serial number and barcodes, purchase information, service log, asset history, asset status and condition, custodian and date due among others (Jacobsen, Schlenker, & Edwards 2005).
Furthermore, where the asset has unique features, the software accommodates features that use notes and attachments to describe such an asset. It also has advanced features that allow the manager to assign an asset to a given person and the manager would know who is responsible for that asset. The software has features that make it easy to perform complex transactions such as asset pooling, revaluations and write-off. Advantages of Asset Manager Asset Manager has numerous advantages to a company that is using it.
It eliminates the time wasted in searching for particulars of a given item (Zhao 2011). Workers using the software in an organization that uses asset manager have higher productivity in their work since they can work faster. There is less time which is used to process data; it has data organization tools that make it simple to analyze information at any time. By the fact that the system is computerized, there is a high level of accuracy of the processed data.
Unlike human beings, computers have a very high level of accuracy since there is no possibility of mathematical or calculation error. Disadvantages of Asset Manager The cost required to update the traditional asset management departments so that they can use an Asset Manager would be very costly especially for large companies. It would require reorganization of the entire human resource, purchasing of the software, buying of computers, regularly purchasing of the software updates (Richter 2010). Additionally, there would be a need for retraining the personnel so that they can be able to work under the new environment.
Even though the software is easy to use in recording transactions that relate to tax issues and depreciation, a lot of time is used in recording the transactions. Though Asset Manager has advanced features that are computerized and complex, they cannot in any way replace the role played by human beings. Some of the asset tracking records require improvisational thoughts and judgmental decisions which Asset Manager cannot do. Recommendation In Jimeny Cricket Pty Ltd, there are many records of assets in the company. This no doubt places a challenge to two directors of the company.
The various assets in the company depreciate at different rates and are used differently. The company owns display cabinet, trolleys, display shelving, furniture, warehouse equipment, motor vehicles, computers and others. All these assets are used differently but they all end up to making the company achieve its objectives. For the proper operation of the company, all these facilities need to be in proper condition. There is a need for there to be a timely system in place that will tell when new assets need to be purchased and for what purpose.
The company would also be interested to know when some of the facilities are depreciating. Asset Manager can be able to accommodate all this information easily and conveniently. This would definitely make it essay for John and Jane to make better decisions on the management of Jimeny Cricket. I would, therefore, recommend that this company purchase Asset Manager. However, the management of the company should be prepared to bear the cost that comes with it. CLOUD COMPUTING Executive Summary Cloud computing is where the volume of all data, application, platform and infrastructures are centralized and shared while manipulation of this data is through externally connected devices such as desktop which have limited applications.
It is a technology that best fits industries that stores and requires the computing of a large amount of information by many clients. Its advantages are that it is cheap, fast and easy to manage when compared to another form of networks. Data security and making the system compliance with computing standards are the major disadvantages of cloud computing.
Jimeny Criicket Pty should invest in this technology since it would simplify the internal operations of the company.
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