A management information system (MIS) pertains to a subcategory of the total inner controls of an organization encompassing the application of individuals, information, technologies, and processes by accountants to resolve business issues like putting a value on a commodity, service or a business plan. Management information systems are different from ordinary information systems in that they are utilized to study other information systems used in functional tasks in the company. Academically, MIS is normally utilized to pertain to the cluster of information management processes connected to the automation or assistance of individual decision making (Clarke, 2007).
At the beginning, in companies and other firms, internal documentation was done manually and only quarterly, as an output of the accounting system and with some extra figures, and provided limited and disrupted the data on management performance. In the past, information had to be isolated individually by the people as per the need and policy of the company. Eventually, data and information was differentiated and rather than the gathering of mass of information, significant and accurate information that was needed by the company was the only one saved (Laudon, 2007).
In their early years of existence, company computers were utilized for the logical business of calculating the payroll and monitoring the accounts payable and receivable. As programs were created that offered leaders with data regarding sales, stocks, and other information that would aid in controlling the company, the word "MIS" emerged to pertain to these types of companies (Cleland, 2006). At present, MIS is utilized widely in various subjects and involves: decision support systems, workforce control programs, project management and database storage programs.
The establishment and maintenance of information technology tools helps leaders and the employees in undertaking any activities connected to the analysis of data. MIS and business systems are particularly helpful in the gathering of business information and the generation of reports to be utilized as tools for making choices.
At the beginning, in companies and other firms, internal documentation was done manually and only quarterly, as an output of the accounting system and with some extra figures, and provided limited and disrupted the data on management performance. In the past, information had to be isolated individually by the people as per the need and policy of the company. Eventually, data and information was differentiated and rather than the gathering of mass of information, significant and accurate information that was needed by the company was the only one saved (Laudon, 2007).
In their early years of existence, company computers were utilized for the logical business of calculating the payroll and monitoring the accounts payable and receivable. As programs were created that offered leaders with data regarding sales, stocks, and other information that would aid in controlling the company, the word "MIS" emerged to pertain to these types of companies (Cleland, 2006). At present, MIS is utilized widely in various subjects and involves: decision support systems, workforce control programs, project management and database storage programs.
The establishment and maintenance of information technology tools helps leaders and the employees in undertaking any activities connected to the analysis of data. MIS and business systems are particularly helpful in the gathering of business information and the generation of reports to be utilized as tools for making choices.
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