"ASRI ORACLE AISYEARASRY and Oracle system:Done By:ID:Section:A case study of ASRY Page 1 ASRI ORACLE AISYEARTable of ContentsIntroduction, background and history of the company: ........................................................................ 3Describing ORACLE: ................................................................................................................................ 3Design of Oracle: ................................................................................................................................ 5Objectives of Oracle: .......................................................................................................................... 7Functions of Oracle: ........................................................................................................................... 8Components of Oracle:....................................................................................................................... 8Output of Oracle: .............................................................................................................................. 10Accounting cycle and Oracle: ............................................................................................................... 12Accounting cycle and the existence of financial accounting information system ........................... 12Accounting cycles: ............................................................................................................................ 14Revenue & Expenditure cycles: .................................................................................................... 15Expenditure cycle: ........................................................................................................................ 15Payroll cycle: ................................................................................................................................. 17Conclusion ............................................................................................................................................ 18Recommendations: .............................................................................................................................. 20Bibliography .......................................................................................................................................... 21A case study of ASRY Page 2 ASRI ORACLE AISYEARIntroduction, background and history of the company:ASRY or The Arab Shipping Building and Repair Yard is one of the well known shipbuilding company. The company is ISO certified and known for its high standard and qualityservices. The company has its area of operation in various Middle East countries, European andAfrican countries.(ASRY, 2014)Describing ORACLE:Oracle is a system that helps in easy calculation and recording of accounting information.This system helps in proper data input, processing and even formulation desired results. Thisway Oracle helps in quick and proper decision making process that is required in the today’scompetitive market conditions. Also it helps in usage of data for different purposes. The legalrequirements and other purpose of data and output can also be achieved easily by Oracle. Thisway Oracle brings versatile use of data with output that are more trustworthy and feasible. Alsoit helps in increasing the efficiency and output of the organization.Oracle thus helps in various accounting, finance, quality control and in maintaining recordabout human resource. The various features that are added through Oracle include thefollowings.1) Accounting:Various accounting process are recorded through the Oracle system. This includes thefollowings.• Purchase: While buying raw material, goods and services for the company arerecorded through Oracle.• Sales: While selling products and services through recording of sales.A case study of ASRY Page 3 "