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THE PROFESSIONAL APPROACH TO Uk —U m\ —^^—^ The H&S way of helping clients build information • M MM Mjk^^m^ systems combines our knowledge as l ^ ^ l ^ ^ ^ k ^ ^ ^ H consultants with their experience and manpower. I W H ^ ^ m ^ ^ ^ F by Gordon L. Murray Our lives run on information—or so it seems. We are exposed to a continuous stream of new information—through TV, radio, newspapers, periodicals, and other sources. Our memories provide a store of historical information. We are able to retrieve this information from the past, and through our imagination combine it with new information passing by, examine it all for relevancy, and then conceptualize a situation. This process, coupled with judgment, leads to decisions—that is, selection of the course of action to be pursued. Some of us select more effective courses than others because of differing levels of judgment—and some because of the quality of the information at hand. So it is with business. While businesses involve material, machines, money, and markets, they consist essentially of men—people placed in a stream of information making myriad decisions from it that in the aggregate determine the success of the business. This success in business depends on the quality of the judgment which management applies to information—and the quality of that information. Perhaps you have never thought of it this way, but the professional accountant is in the "information business." In our accounting and auditing work we are concerned with information— the proper reporting of a company's financial position and results of its operations to shareholders, credit grantors, and other third parties. In our tax practice we are concerned with information for determining (and hopefully minimizing) a taxpayer's taxable income. In our management advisory services (MAS) we are consultants to clients building information systems. These systems are concerned with all the types of information that confront the management of the institutions in our society—business, government, or whatever. Only in recent years has management information been viewed as a separate subject, susceptible of study. Now we find the terms "information system," "management information system— MIS," "integrated system," "total system," and other variations of this theme everywhere we look. Company after company that doesn't have an adequate information system is seeking to get one. In our MAS practice at H&S we are heavily involved in developing such systems. We believe—in fact we know-that we are applying some unique approaches in assisting clients to develop them. Some may not be "total systems," but they are about as nearly "total" as anyone has yet undertaken. 13
Object Description
Title |
Professional approach to MAS |
Author |
Murray,Gordon L. |
Subject |
Management -- Accounting |
Personal Name |
Murray,Gordon L. |
Portrait |
Murray,Gordon L. |
Citation |
H&S Reports, Vol. 05, (1968 spring), p. 13-17 |
Date-Issued | 1968 |
Source | Originally published by: Haskins & Sells |
Rights | Copyright and permission to republish held by: Deloitte |
Type | Text |
Format | PDF page image with corrected OCR scanned at 400 dpi |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Library. Accounting Collection |
Date-Digitally Created | 2010 |
Language | eng |
Identifier | HSReports_1968_Spring-p13-17 |