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Submitted to :

Prof K.G.MURALIDHRA

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Presentation Path Financial Decision Making

Decision Making ProcessTechniques For Financial Decision MakingTools(softwares)For Financial DecisionMaking

Benefits Of Computers In Financial Decision

Making

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Financial Decision MakingDecision making is choosing between several possiblecourses of actions related to an issue.

Financial decision making involves decisions concerning

financial related issues such as:determining the proper amount of funds to employ in afirmselecting projects and capital expenditure analysis

raising funds on the most favourable terms possiblemanaging working capital such as inventory and

accounts receivable.

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Decision Making Process

Work Flow

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Graphical representation of a typical computer aided loan approval decisionmaking process in a bank.

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Techniques For FinancialDecision Making

Financial modelling - It is the task of building an abstract representation (amodel) of a financial decision makingsituation.

Network analysis - Breaking down

a complex project data into its componentparts (activities, events, durations, etc.)and plotting them to show theirinterdependencies and interrelationships.

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Tools For Financial DecisionMaking

Computer aided software engineering (CASE)This is the scientific application of a set of tools and methods

to a software which is meant to result in high-quality, defect-free, and maintainable software products.

Computer aided recording tools (CART)CART is a tool that converts coordinate information, obtainedfrom any source, into an intelligent 3D CAD (computer aideddesign) Model without having to do any manual drafting at all.

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Computer aided summarisation tool (CAST)It tries to help as the human summariser by selecting

the important information from a document.

Applications such as Microsoft Excel can be deployedas an expert system to aid decision making.

It can be utilized to plot line of best fit and graphswhich are used to forecast market analysis.

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What An ERP Software Does

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Top 10 ERPS1. Microsoft Dynamics AX 20092. SAP R/33. Epicor4. Accpac

5. Net suite Financials6. Syspro7. Infor ERP XA8. Exact Software9. Saqe

10. Excel ERP

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Benefits of computer infinancial decision

Computer helps to fast track data analysis fordecision makingComputer increases accuracy and reduceerrors and time required to solve problems.Helps automate the decision making processReveals new approaches to thinking about the

problem spaceGenerates new evidence in support of adecision

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Promotes learning and training.Information that is provided is better understood andoffers efficiency for decision makers.It brings consistency to the decision making process.

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Group Members Abu Bekar

Ashwani DusadhFarha NaazNitul Chaudhary

Satyabrata SethhyVaishali Bhati

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