Answer to Question #80819 in Accounting for andrew

Question

exploring business analytics and enterprise system on managerial accounting

Answer 1

Business intelligence is necessary to improve the quality of reporting and planning of both commercial and production areas, as well as financial and economic activities.
Often this kind of accounting is organized in a commercial unit. But it is more expedient to build a business intelligence system inside a financial unit under the management of a financial director. As this allows additional control over the activities of production and commercial units, as well as increase the reliability and validity of financial planning.
It should be noted that building managerial accounting is very different from business analytics in terms of labor intensity, involved participants and business processes, depth of study and ways of collecting information. But in the technology of construction they are approximately the same.
Business analysis as an activity consists of several interrelated processes:
 data mining,
 analytical processing in real time (online analytical processing),
 obtaining information from databases (querying),
 compilation of reports.