What are the information requirements for Management level in-00217
This subjective question is related to the book/course
vu cs101 Introduction to Computing.
It can also be found in
vu cs101 Mid Term Solved Past Paper No. 3.
There are two systems used for this purpose which are the following.
Accounting information system
This system shares all accounting reports at different levels of management.
Financial Management Information System
This system provides financial information to managers in an organization. Based on these reports, managers analyze historical and current financial activity, and also project future financial needs. It is also used for monitoring and controlling the use of funds over time using the information developed by the MIS department. Professional MIS reports are made by accounting firms for accurate analysis. These reports are comprehensive and help the middle and top management take important decisions regarding the finance, accounting and overall business operations.
