Changing interaction of finance and information technology
The scenarios were fun to go through as I learnt many transactions. I was able to create a new eDoc document. Like all other applications, I was able to create and name a document according to the specified name. The organization of the document was in a stack level where I was able to expand and freeze the panes at will. This application enables the user to hide the contents of that he/she is working on at will. I was able to create these tabs easily. It has objects that help in working with the form. These include things like radio buttons and drop-down list boxes; these helps to work with the data. It has a good guide to the user like that of using asterisk where that input is required.
In scenario four, I was able to work on restricted fields where I searched for information from the table. This is where the user is not allowed to enter arbitrary values. This is a sure way that administrators can restrict the users from using other values. Restriction is another way that validation of data is checked and assured. With the use of validation it is to check the data that is being entered the right information is entered.
In scenario five, I followed the same procedures that I followed in the other scenarios but there was some difference this time round. I was able to enter information in a different way; I was able to do this by using KFS feature apart from using lookup. The accounting lines tab helped me to import accounting lines from a comma separated value (CSV) file. I found out that the spreadsheet could hold as many accounting lines as I needed each on a separate row.
In scenario six, I managed to review another KFS feature by entering some data which was invalid. The system was able to recognize the error values that I entered into the system. I experimented with different codes. This application indicated that there is an error, the cause and the offending field. The entering of the values does not go in the system without being checked. They have to undergo the process of validation so that errors are eliminated. This is a secure way of checking the integrity of data in the system. In the project that I was working on, I was able to check the validation of the system and I found out that the process of validation makes it easy to check the accuracy of the data that are being entered. With the information age, there are three aspects which are checked when dealing with data: integrity, accuracy and reliability. If I entered a valid object code the application checks the data and flags errors that must be corrected before the doc can be successfully submitted. I found out that documents validations are controlled by parameters, so I can set values and rules unique to my institution. This is a very important in this system and it is evident in this area.
This system also gives a simple way of managing the files as it is simple to create and send documents in the system. I found it very simple to manage the requests of the items which are already pending and the items which are due to be submitted on time. I found a good experience and I really appreciated the features that the system has as it is possible to track the transactions that are found in the system. I also found out that the system has a simple way to know which transactions to be cleared in the system so that the system can function well. It was a good experience as I did not have to have a log of transactions that take place in the system.
The whole system is good in many aspects of dealing with data. There are several controls that have been integrated in the system. This is ensures that the right standards are followed especially because the Kuali Systems is used in a collaboration environment. In this environment, it is possible to have errors from the different areas of the system. There is therefore the need to have controls in the system.
References
Hilbers, P. C., & Jones, M. (2004). Stress testing financial systems. New York: International Monetory Fund.
Neave, E. (1998). Financial systems: Principles and organisation . New York: Routledge.
Neave, E. (2009). Modern financial systems: Theory and applications. London: John Wiley and Sons.
