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Module 5 Mis

Module 5 Mis

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Published by: ajay4dude on Feb 11, 2010
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Management Information System
Manufacturing and Service systems
INTRODUCTION
This chapter is an introduction to the business applications of managementinformation system. It gives an overview of the application does not gives smalldetails which may be specific to a typical organisation. The approach to theapplication development is on the basis of database and not conventional filesystem.For each application inputs which process by online transaction processing (oltp)system, are determined. The system designer develops the applications with the objective of accounting the transactions based results and providing the reports on the same. The secondobjective is to provide a query system for assessment of the status on record, results or documents. The system provides on the spot screen display showing a status, such as stock of an item, balance of an account, position of purchase order and so on. The third objective is to provide a system of analyses of proceed data revealing certain business trends or results. It issupposed to give certain analytical assessment of the event which will through light on thevalidity of decisions, policy & rules. It is also supposed to provide certain guidelines &norms for strategic & tactical planning.
Page | 72
MIT- Maharaja Institute of Technology
 
Management Information System
Manufacturing and Service systems
The analytical information provides support for decision making in the decision supportsystem (DSS) the analysis system provides fund of information at all level for planning &execution of business operation. The forth objective is to provide control information toensure that the business runs as per the plan progresses in a set direction & achieves thegoals.The control information is generated by using the standards, norms targets & budgets.The actual results are compared with this entities & exceptions are highlighted whenever  possible the information is provided on the basis of feed forward control that is providingearly signal of probable adverse conditions or results. The designer of business applicationfocuses the development on the aspect of accounting querying, analysis & control.The report generation is decided on the basis of certain business information needs. Theseneeds are statutory compliance, knowledge update, operation management, decision analysis,control & action. The reports are designed for screen display or for print. The content of thereports are decided as per users of the information. The frequency, duration & coverage of the report is decided as per the user requirement.A typical information system begins with OLTP system, uses RDBMS for creation of database, DGL for application development and SQL forquerying and report generation. Ituses programme or complex data processing and report generation. It uses business models,accounting and commercial principles for processing the information leading to businessresults. The information system is designed on the principle of open system deign, providingflexibility and friendliness of the users of the system.A typical information system primarily serves the needs at function levels such as personl, finance, production, materials, marketing and corporate business management. Thesesystems when integrated provide cross functional information to management high-lightingthe business implications of the decision taken in one area of the business or the other.Integrated systems provide data and information for business planning at the middlemanagement level and orstrtegic planning at the top management level.
Page | 73
MIT- Maharaja Institute of Technology
 
Management Information System
Manufacturing and Service systems
INFORMATION SYSTEM FOR ACCOUNTIG
Accounting information systems are oldest and most widely used information systems in business. They record and report business transaction and other economic events.As record and report the flow of funds through on organization on a historic basis and produce financial statements such as balance sheets and income statements.6 essential accounting information systems used in business1.ORDER PROCESSING:- capture and process customers orders and produce dataand for inventory and accounts receivable.2.INVENTORY CONTROLE:- process data reflecting changes in inventory and provides shipping and reorder information3.ACCOUNTS RECIVABLE:- records amounts owed by customers and produceinvoices, statements4.ACCOUNTS PAYABLE:- records purchases from amounts owed to, paymentssupply5.PAYROLL:- records employee work and compensation data and produce paychecks and other reports6.GENERAL LEDGER:- consolidates data from other accounting system and produce the periodic statements and reports
FINANCIAL MANAGEMENT SYSTEMS
Computer based FMS supports business manager and proper proforma in decisionregarding .1.The financing of a business2.Allocation and control of financial resources with in a business
Page | 74
MIT- Maharaja Institute of Technology

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