"ASRI ORACLE AISYEARIn the existing market economy conditions, the practice of management in the economicorganizations underline the importance of complementarily between management, decision andthe information system, the latter depending on the accuracy and reliability of the informationprovided by the financial accounting system, fundamental components of the informationalflows, necessary to internal and external users of the economic organization. Objectives of Oracle:Among the various objectives of the Oracle system following are the few very importantobjectives.1.) It helps in easy and correct decision making process.2.) It helps in forecasting the future goals and objectives which are actually reachable.3.) It helps in better organization of the company.4.) It helps in increasing coordination within the organization.5.) It helps easy evaluation.6.) It further helps in keeping a good control.This way the wholeReliability system of Oracle AccountingInformation reaps followingbenefits.Efficiency Accuracy Oracle Hence, the completeorganization growth anddevelopment is managedthrough Oracle system. Urgency A case study of ASRY Page 7 ASRI ORACLE AISYEARFunctions of Oracle:Oracle performs various functions to keep an accurate and up to date record of all thebusiness transactions. These are as follows.Datacollection DataFeedbacks recording Desired Dataoutcomes analyzing This way a proper format followed helps in data collection, recording, analyzing for thepurpose of desired outcome is done through Oracle system.Various accounting principles are used by Accountants throughout the world which helpsthem get the desired variables that are in general format. These variables help in figuring out thepresent status of the company even to the outsiders. The parties interested in knowing thefinancial status of a company includes the Shareholders, government agencies, common people,researchers and students. These variables also help in easy comparison of the companies in theindustry. This way a person can easily pick up the annual report of any two companies, analyze itand decide on the issue of investment by picking up the more financially stable company.Components of Oracle:A case study of ASRY Page 8 ASRI ORACLE AISYEARThe various components of Oracle includes the followings.1) Operating system:The operating system helps in proper recording and placing of the right kind of informationat the right place. This includes recording various business transactions of the business in thecorrect accounts so that it is depicted till the making of balance sheet and financial statements.2) Management system:It helps in proper control over the management by the company owners and associates. Thusthe performance is easily retrieved and used by the high level officials to take decisions so asto help the company achieve various organization targets and goals.3) Information system for connection:It acts as an information system for connections between various accounts and departmentswithin the organization. Thus it helps in analyzing the data from various departments by theauthority authorized to do such tasks.4) System support:The company also has an online 24 hour system support that could help in continuance ofhelp and support by the company to maintain quality and effectiveness of the newly used Oraclesystem.5) System control:It also acts as a system control that helps in evaluating the extracts of the data and bringing insystem control so as to achieve target growth and development for the company.A case study of ASRY Page 9 "