S4 BM - Technology in Finance

Reduces the need for employees to take trips to the bank...

• EPOS

• presentation software

• email

• internet banking

How can email be used in the Finance Department?

• To attach a poster/flyer to send to customers.

• To let an applicant know that they have been successful for a job.

• To contact a supplier to find out product prices.

• To communicate with departments about their specific budgets.

Can be used to circulate financial information quickly.

• presentation software

• email

• internet banking

• EPOS

Why would the Finance department use PowerPoint/presentation software?

• Information be searched and sorted quickly

• There is less chance of error as formulae can be used to carry out automatic calculations​

• It is easier for the organisation to monitor sales figures.

• It can be made more attractive using animations, hyperlinks and video clips to engage with the audience. ​

What are the advantages of using spreadsheets in the Finance Department?

(choose all that apply)

• There is less chance of error as formulae can be used

• Mistakes can be easily changed without having to rewrite the whole document​

• Graphs and charts are easier to read

• Sound, colour and animation can be used to engage audiences

Animations, graphics and colour can be use to engage audiences.

• presentation software

• email

• spreadsheet

• word processing

Internet Banking/Banking App:

(Choose all the correct answers)

• Offer 12-hour banking options.

• Transfer of money between accounts is easier.

• Helps to monitor your accounts on a daily basis.

• Businesses rarely use internet banking.

• Is highly ineffective compared to going to the bank in person.

How can Word Processing be used in the Finance department?

• To create flyers/posters for adverts.

• To create application forms.

• To create the shareholders annual general meeting report.

• To create a list of potential suppliers

Spreadsheets:

(choose all that apply)

• formula can be replicated

• 'what if' statements can be used

• charts and graphs can be made

• can use animation and colour to engage when presenting

How would the Finance department use the internet?

• To search for changes in customer trends.

• To find a new supplier.

• To gain information on potential customers before deciding on appropriate credit terms.

• To advertise a job.