MIS is an information system that processes data into information. It uses transaction processing systems for input data and generates information that can be used for operations control, strategic planning, management control, and problem solving. There are several functional business areas of an MIS including accounting, human resources, inventory, manufacturing, and other areas. An accounting information system collects, records, and evaluates financial data and communicates it to management. It includes financial, management, and cost accounting systems. A MIS helps managers make timely and effective decisions by providing accurate data across various business functions.
I have overall 3+ years of accumulated work experience in accounting area. An Ambitious finance professional with strong track-record of delivering top performance and possess large spectrum of experience in various sectors of Finance domain which includes Financial reporting & analysis, General ledger & Accounts reconciliation
I have overall 3+ years of accumulated work experience in accounting area. An Ambitious finance professional with strong track-record of delivering top performance and possess large spectrum of experience in various sectors of Finance domain which includes Financial reporting & analysis, General ledger & Accounts reconciliation
An information system is a collection of hardware, software, data, people and procedures that are designed to generate information that supports the day-to-day, short-range, and long-range activities of users in an organization. Information systems generally are classified into five categories: office information systems, transaction processing systems, management information systems, decision support systems, and expert systems.
The Study of Accounting Information Systems: Essential Concepts and ApplicationsAbhishek Ghosh
Before understanding the concept of Accounting Information System, we all are aware of the general idea about the Accounting and Information System distinctively that the former is the language of business and the latter is a system composed of people and computers that processes or interprets information.
So, this document explores various essential concepts about AIS and its applicability level.
An information system is a collection of hardware, software, data, people and procedures that are designed to generate information that supports the day-to-day, short-range, and long-range activities of users in an organization. Information systems generally are classified into five categories: office information systems, transaction processing systems, management information systems, decision support systems, and expert systems.
The Study of Accounting Information Systems: Essential Concepts and ApplicationsAbhishek Ghosh
Before understanding the concept of Accounting Information System, we all are aware of the general idea about the Accounting and Information System distinctively that the former is the language of business and the latter is a system composed of people and computers that processes or interprets information.
So, this document explores various essential concepts about AIS and its applicability level.
Types, Importance, impact of Information systems
Data
Data vs Information
MIS
Importance of MIS
Impact of MIS
Need of MIS
Outputs of MIS
Business objectives of Information systems
Lecture 1 accounting information system, an overviewHabib Ullah Qamar
An overview of M.Com Part 2 course of Accounting information system and e commerce of the university of the Punjab Lahore. Introduction to AIS, components, importance and functions of AIS
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2. Management information system:
MIS is an information system which process data and converts it into
information. A MIS uses TPS for its data inputs. The information generated by the
information system may be used for control of operations, strategic and long range
planning, short range planning, management control and other managerial problem
solving.
It has some functional business areas. They are
3. Accounting is one of the significant activities in any
business. Accounting is mainly concerned with the
collecting, recording and evaluation of financial data
and then communicating this information to the
management and other people, It is viewed as an
information system since it has inputs process and
outputs.
There are 3 general types of Accounting information systems:There are 3 general types of Accounting information systems:
FINANCIAL ACCOUNTING SYSTEM: This system provides
financial statement to investors, governmental authorities
and other interested parties in accordance with their
reporting formats
4. MANAGEMENT ACCOUNTING SYSTEM:
It provides reports to managers both, for strategic and
tactical decisions and on profitability of the organization.
COST ACCOUNTING SYSTEM:
It provides reports to managers for cost planning and
cost control of operations.
All the above three types of accounting information
systems process the same accounting transactions and often sharesystems process the same accounting transactions and often share
the data files. Therefore, an accounting information system is
generally developed as an integrated system providing all the
report of the above three types. Many types of account books and
financial statements can be generated by a financial.
5. Voucher
Journal
General Ledger
Purchase book
Sales book
Cash book
Bank book
Creditor’s ledgerCreditor’s ledger
Debtor’s ledger
Trial balance
Trading account
Profit and loss account
Balance sheet
Accounts Receivable statement
Accounts Payable statement
6. A Geographical information system(GIs) is a computer
based system that stores and manipulated data that is
viewed from a geographical point of reference.
This system has four main capabilities:
Data input
Data storage and retrievalData storage and retrieval
Data manipulation and analysis.
Data output
7.
8. Human resource information system is a system
that supports planning, control, co-ordination,
administration and management of human resources of
organizations. HRIS also includes a large number of
subsystems that address the information , policies, andsubsystems that address the information , policies, and
procedures concerning recruiting, layoffs, employee
evaluation, promotion, termination, transfer, salary
equity monitoring, job descriptions and responsibilities
training etc,
9.
10. Inventory refers to the stock of raw materials and finished
goods available in the organization for production and sale. All
organizations need an efficient system to maintain and control
the optimum level of investment in all types of each item are
maintained.
The major object for implementing a computerized inventory control in
the organization are:
Maintain an optimum level of raw materials and finished
goods inventory.goods inventory.
Preparation of purchases orders and inventory status
reports accurately and on time.
Preparation of various analysis reports.
Generation of MIS reports that help management for
making effective and timely decsions.
11.
12. Manufacturing information system is a system that supports
the manufacturing functions of purchasing, receiving, quality
control, inventory management, material requirements
planning, capacity planning, production scheduling, and
plant design. It applied to both manufacturing and service
environments.
Information needed for manufacturing decisions stems
from a variety of data sources as follows:
Production data
Inventory data
Vendor dataVendor data
Personnel data
Union data
Labour data
External environment data
Engineering specifications
Internal Marketing data
13.
14. OTHER FUNCTIONAL AREAS OF MANAGEMENT
INFORMATION SYSTEM
Marketing Information system
Operations Information system
Material and Production Information system
Office Information system
Quality Information system
R & D Information systemR & D Information system
15. Conclusion. Therefore, MIS are made for a speedy
access to accurate data and to help the managers
achieve their goals. Management Information System
(MIS) is so useful in the organization which it creates an
impact on the organization's performance, functions,
and of course productivity.
MIS