Managerial accounting foManagerial accounting for decisions (mis)r decisions (mis)Managerial accManagerial accounting for decisions (mis)ounting for decisions (mis)Managerial accounting for decisions (mis)Managerial accounting for decisions (mis)
Including Mental Health Support in Project Delivery, 14 May.pdf
Managerial accounting for decisions (mis)
1. Name :- Prabhakar
Class :- M.com -1st year
Roll no. :- 2132310004
Submitted to :- Mr. Yashpal Sir , and
:- Mrs. Priyanka Mam
2. A management information system (MIS) is
an information system used for decision-making, and
for the coordination, control, analysis, and
visualization of information in an organization;
especially in a company.
Management information system (MIS) can be helpful
to the management in undertaking managerial
functions smoothly and effectively. It is an approach of
providing timely, adequate and accurate information
to the right person in the organisation which helps
him in taking right decisions.
INTRODUCTION
3. MEASURING THE ADEQUACY
OF PURPOSE SERVED
FEED BACK
DETERMINATION OF
INFORMATIONAL
NEEDS AND
COLLECTION DATA
INPUT
EDDITING
CLASSIFICATION,TABU
LATION,ETC.
PROCESS
REPORTS, STATEMENTS
SUMMARIES, ETC.
OUTPUT
4. 1. The first element of MIS is the determining of
information needs. What type of information will be
required and what will be its sources etc . when these
questions are decided then it will be possible to decide
the modus operandi for collecting the required data, etc.
2. The collected information should be properly processed,
sorted and stored.
3. Another element of MIS is to determine the time and
quantum of information needed. The information is sent
to the desired managerial levels within the specified
time.
4. MIS also involves the process of measuring the adequacy
of purpose served. If the information has not been
sufficient and desired purpose has not been served then
the base of collecting it should be enlarged or modified.
5. 1. MANAGEMENT INFORMATION SYSTEM :- This
information is meant for meeting the information needs
of lower and middle level management. The information
supplied generally relates to operations of the business.
The figures about finance, raw materials, labour,
production, sales, etc; are supplied to the concerned
persons. The operational information is required to see
the pace of work and make necessary changes, if needed.
The supply of information is quick and regular. The use
of electronic devices is made for processing and analysing
data.
TYPES OF MIS
6. 2. MANAGEMENT REPORTING SYSTEM
This system is designed to supply information to top level
management for decision-taking. The information is
presented in a way which enables the management
performance in relation to past one. The purpose of this
information is to present before management the real
position of the enterprise. The supply of this information is
slow because information from various sources is first
complied. Decision-making requires full information about
all important areas of the enterprise.