State the importance of MIS.
State the importance of MIS.
Management Information System (MIS) is a system that provides the information necessary to make decisions and manage an organisation effectively. Accounting information system is a part of management information system. A management information system (MIS) is a system that provides the information necessary to make decisions and manage an organisation effectively. MIS is supportive of the institution’s long-term strategic goals and objectives. MIS is viewed and used at many levels by management: Operational, Tactical and Strategic. Accounting Information System (AIS) identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. Such information is organised in a manner that correct decisions can be based on it.
Management Information System (MIS) is a system that provides the information necessary to make decisions and manage an organisation effectively. Accounting information system is a part of management information system. A management information system (MIS) is a system that provides the information necessary to make decisions and manage an organisation effectively. MIS is supportive of the institution’s long-term strategic goals and objectives. MIS is viewed and used at many levels by management: Operational, Tactical and Strategic. Accounting Information System (AIS) identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. Such information is organised in a manner that correct decisions can be based on it.
