Definition: A Management Information System is an integrated user-machine system, for providing information, to support the operations, management, analysis & decision-making functions in an organization.

In other words, The System utilizes computer hardware & software, manual procedures, models for analysis, planning, control & decision making and a database.

Management Information System:

MIS provides information to the users in the form of reports and output from simulations by mathematical models.

Management Reporting Alternatives

CA CS CMA Free Lectures

MIS provide a variety of information products to managers which includes 3 reporting alternatives:

  • Periodic Scheduled Reports
  • Exception Reports
  • Demand Reports and Responses

Management Reporting Alternatives

  1. MIS provide a variety of information products to managers which includes 3 reporting alternatives:
  2. Periodic Scheduled Reports: E.g. Weekly Sales Analysis Reports, Monthly Financial Statements etc.
  3. Exception Reports: E.g. Periodic Report but contains information only about specific events.
  4. Demand Reports and Responses: E.g. Information on demand.

MIS Characteristics:

  • Management Oriented/directed
  • Business Driven
  • Integrated
  • Common Data Flows
  • Heavy Planning Element
  • Subsystem Concept
  • Flexibility & Ease of Use
  • Database
  • Distributed Systems
  • Information as a Resource

MIS Support for Decision Making:

Structured / Programmable Decisions:

Decisions that are repetitive, routine and have a definite procedure for handling them.

CA CS CMA Free Lectures

For e.g. Inventory reorder formula, Rules for granting Credit.

Unstructured / Non-Programmable Decisions:

Non-routine decision in which the decision maker must provide judgment, evaluation, and insights into the problem definition.

Semi-Structured Decisions:

Decision where only part of the problem has a clear cut answer provided by an accepted procedure.


If you need help with CA preparations, contact SuperProfs‘ CA Exam Expert. Also, you may begin your preparation with CA Free Trial Classes. Now students from all over India can learn from India’s Most Experienced Professors online and get their dream career.

Click Here To Register for your FREE Trial

Also Read:

CA IPCC Syllabus CA IPCC Registration CA IPCC Exam Dates
CA IPCC Papers & Mock Tests CA IPCC Study Plan CA IPCC Suggested Answer
CA IPCC Revision Test Papers CA IPCC Study Material CA IPCC Important Dates

×

Hello!

Click on the icon below to chat on WhatsApp or send us an email to admissions@superprofs.com

× How can I help you?