2. What is financial information system?
A financial information system is a type of business
software used to input, accumulate, & analyse financial and
accounting data
FIS help us to manage finances
Maintaining accounts manually
FIS support financial managers in decisions concerning
,alocation & control of financial resource
3. Major FIS categories include
1. Cash & Investment management
2. Capital budgeting
3. Financial planning & forecasting
Spreadsheets are heavily used for
this process incorporates present value
analysis of expected cash flows and
probability analysis of risk to determine
the optimum mix of capital
4. Financial Information system contains
INPUT SUBSYSTEMS
Input subsystem
Internal audit subsystem
Financial intelligence subsystem
OUTPUT SUBSYSTEMS
Forecasting subsystem
Funds management subsystem
Control subsystem
5. INPUT &OUTPUT SUBSYSTEM
The input subsystem is the part of the linux kernel
that manages the various input devices that user
used to interact with kernel, command line and
graphical user interface.
The output subsystem is the interface layer
between the client OS and the 32 bit client services
provided by Netware.
