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Essay on Unit 219 Nvq L3 Business and Administration

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1.1 – Explain the purpose of storing and retrieving required information The purpose of storing and retrieving required information is so you can readily retrieve it when it becomes required. Information is logged on a spreadsheet and filed with the log number this is so the information can easily be found if required. The information is stored in locked filing cabinets as the information can hold company details and account numbers this is only accessible by the Administration staff and each file is signed out on a register. 1.2 – Describe the different information systems and their main features The different information systems are filing cabinets where hard copies are stores or electronically which can be saved changes can …show more content…

Information can be relative to anything with regards to an organisation. When it comes to customers, it can be their address, telephone number or outstanding payments, when it comes to employees, it can be their appraisals, salaries, again their address and telephone numbers, and for the business, it can be the business’s finances, profits, employee and customer details, and various other information. Alerts can be set on customer and employee information to make sure they are contacted to keep the system updated. Using good software for database purposes will help with maintaining information accurately. External and internal audits are another way of keeping information up to date. 1.6 Explain the purpose of checking information for accuracy All businesses and organisations have to check to see that the information they have stored is accurate. For example, the money coming in and going out have to be correctly recorded otherwise it will look as if the company has not made much profit and it can affect the share prices of the company, affect the employees as the company might not be able to pay the employees and will have to cut down on staff, lenders will not agree to lend money, etc. Incorrect information can have serious negative effects and can affect a company’s financial status and values. Accuracy of information will help executives plan ahead for the future and lay goals. They will also be able to plan for the

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