A management information system (MIS) provides continuous business information to aid managerial decision making. An MIS should collect key data like expenses, sales volumes, and financial positions over time. This data should be analyzed to determine if goals are being met and identify areas for improvement by comparing results to standards like historical performance, industry averages, and competitors. A good MIS collects human resources, financial, operational, and tax information to analyze and interpret for monitoring business performance and flagging concerns.

1. Management Information
Systems (MIS)
AST 205 Chapter 7 Notes

2. What is a Management Information
System
• A continuous flow of business
information which ultimately aids a
manager in the decisions that must
be made in order to efficiently run
a business.

3. Some questions to ask about your
MIS:
• -What type of data do I need?
• Expense reports
• Sales volume report
• Income for a previous period
• -What format does that data need
to be in?
• Weekly/monthly/quarterly/yearly
reports
• Spreadsheet
• Tables/Graphs

4. MIS Questions Ctn.
• -How will use that data?
• To monitor
• To make decisions
• To flag areas of concern
• To compare with other operations
• -How will I collect this data?
• Who collects
• Where recorded
• What is recorded

5. MIS Questions ctn.
• -Why do we collect this data?
• Track cash flows
• Track financial position
• Tax reasons
• Decision making

6. A MIS should provide information
on 5 key areas:
• Human Resources
• time worked
• tracking time off
• work orders- time allotted to a job

7. Financial
• Material on Hand- all tangible
assets
• -condition
• -ownership status
• -legal information
• -inventory

8. Aviation Operations
• -line service- revs. & Exp.
• -Flight Instruction/charter-
• -Maintenance- volume, efficiency

9. Tax Information
• -those owed & collected from cust.

10. Analysis
• All this information is no good
unless we have a way to analyze &
interpret it
• 2 fold objective of our analysis:
• To determine if goals are being met
• To identify areas of needed improvement

11. Analysis ctn.
• Accounting systems provide the
raw data; it is up to managers to
analyze this info. By applying
standards to judge from-
• Results from previous periods
• Contrast with industry averages
• Compare w/ competition if possible

12. Examples
• FBO Manager
• TotalFBO®