Porter's Five Forces Of Analysis Of The Electricity Sector

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The Electricity Sector is monopolized. Value in this sector is determined by the health of the company’s balance sheets and income statement. But also by their cooperate reputations. This industry is always under the microscope of environmentalists and the citizens of the country the government should be included as the regulators but they own shares in the electricity industry which enables the companies to do a lot. The cooperate image is important in this sector.
In Porters 5 forces of Analysis of the Electricity industry. The threat of new entrants are minimal because there is are laws which protects the companies within the industry. The barriers for entry are very high. Setting up generation plants are expensive and carries high fixed
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This service is provided in real time and is not stored.
Romney & Steinbart (2012) argue an accounting information systems is a system that collects, records, stores, and processes the data to produce information for decision makers. According to Weygandt et al (2011) accounting information systems, collects and processes the data transaction and then disseminates the financial information to interested parties. While Bodnar & Hopwood (2010) provide an understanding of an accounting information systems is a collection of resources, such as people and equipment, designed to transform the data into financial and other information. The basic accounting information system functions for the electricity sector would be to effectively and efficiently collect and store data which concerns the organizational financial activities, which includes getting all the transactions data from source documents, recording it in journals and posting the data from journals to ledgers. This is done to make available a chronological data trail. The second function of the AIS is to supply information which is useful for making decisions, including producing reports, managerial reports and financial statements. The third function
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Lucia. Lucelec value chain; it is to provide value to its customers. Romney, B.M and P. Steinbart, 2012 states that a company value chain involves of nine unified activities that cooperatively describe everything it does. There are five main activities consist of the activities performed in order to create, market, and deliver products and services to customers and also to provide post-sales services and support. They are outbound logistics, operations, inbound logistics, market and sales and service. There are four support activities in the value chain which makes it possible for the primary activities to be performed efficiently and effectively and they are Infrustucture, Technologhy, Human Resources and Purchasing. Lucelecs value chain and the value chains of its suppliers, distributors, and customers collectively form a value system. The Supply Chain for the company diseal fuel and Storage space to hold, then they generate electricity, distribute electricity to consumers (industrial, commercial, tourist sector and domestic customers). A well-designed AIS can assist Lucelec’s profit by improving the efficiency and effectiveness of its supply chain. Since AIS is designed to improving the quality and reducing the costs of products or services. It can help by making sure that information is disseminated effectively and efficiently through the channels of the supply

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