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Business App

Business App

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Published by Solomon Ferede

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Published by: Solomon Ferede on May 28, 2012
Copyright:Attribution Non-commercial

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05/04/2015

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MIS for Business Operations
In this chapter we will discuss the
applications of MIS in various functional
areas in any business org.
 
FINANCE INFORMATION SYSTEM
Financial decision making deals with:->Procurement or Raising of funds from various resourcesand->Allocation to activities to maximize profits.Resources for Procurement of funds has basically twocategories:long term sources like debentures, equity etc. and`other is short-term sources like bank borrowings etc.Each source has its own merits and demerits like cost, risk etc.
 
 
Allocation can be made in two ways, one in long-term assets andthe other is in short-term assets.In other words, we can say that financial management deals withreducing the cost of capital and proper utilization of funds tomaximizing the profits.To achieve the above goal the financial manager has to performvarious activities such as:Financial ManagementCashManagementInvestmentManagementCapitalManagementFinancialPlanning

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