1. FINANCIAL INFORMATION
SYSTEM
PRESENTED BY:
VIJAYLAXMI GUPTA
SUMAN MAURYA
SHWETA DIXIT
YOGITA PATIL
VIJAY RABHADIA

3. MANAGEMENT INFORMATION
SYSTEMS
 An MIS provides managers with information and
support for effective decision making, and provides
feedback on daily operations.
 Information systems at the management level of
organization that serve the functions of
planning, controlling, and decision making by
providing routine summary and reports.
 Provides reports with fixed and standard formats.

5. Financial Management Information Systems accumulate and
analyze financial data in order to make good financial
management decisions in running the business.

6. OBJECTIVE
 The basic objective of the financial information system is to
meet the firm's financial obligations as they come due, using
the minimal amount of financial resources consistent with an
established margin of safety.
 Outputs generated by the system include accounting
reports, operating and capital budgets, working capital
reports, cash flow forecast.
 The evaluation of financial data may be performed through
ratio analysis, trend evaluation, and financial planning
modeling.

7. FEATURES
 The financial accounting application component is the
primary database of the financial information system.
 This application is central data pool that collects of all
accounting data from within an organization.
 The function of the financial information system is to
evaluate this extensive database online and display the
information on the screen in an easy to read form.

9. BENEFITS
 A financial information system (FIS) is charged with
monitoring finances within an organization or business.
 It takes complex data and processes it into specialized
reports, saving time and effort in dealing with business
accounting.
 While financial information systems have many
benefits, it should be noted that having an FIS in place can
be costly and usually requires training for those people
operating the system.

11. WHY IS FINANCIAL
INFORMATION SYSTEM
IMPORTANT?
Financial information system is important because it
impacts so many areas of our life.
we need financial information system to apply for many
forms of credit, and we need financial information system to
make purchases.
If we track financial information system and take other
steps to safeguard it, we can protect our buying power.