MIS IN FINANACE

AND ACCOUNTING

BY GROUP - 3
GENERAL USES OF MIS IN
FINANCE

MONTHLY ACCOUNTS OF TRANASCTIONS
CASH FLOW
SOURCES & USES OF FUNDS
LEDGER & JOURNAL
MONTHLY RETURN AND STATEMENT
PROCESSING
TRIAL BALANCE & BALANNCE SHEET
PAY ROLE ACCOUNTING

FINANCIAL INFORMATION SYSTEMS
(FIS)
Financial information is the lifeblood of a business – Enabling
ensures an appropriate, cost-effective financial management
information system (FMIS) is installed for timely, relevant and
accurate information to support better business decisions.

Benefits of FIS
integrated financial information
Flexibility of reporting and additional control over expenditure
Less administration required within the businessT
ighter views of budgets versus actuals
 Databases of Databases of
Financial
internal data external data DSS

Business
transactio
ns
Transactio Databases
n of valid Financial
processing transactio MIS Financial
systems ns applicatio
for each ns
TPS databases

Business
transactio
ns Financial statements
Operationa Financial
l Uses and management ES
of funds
databases
Financial statistics
for control

Custo
Business mers,
transactio Suppl
ns iers
OVERVIEW OF FINANCIAL MIS
 Inputs to the Financial
Information System

Strategic plan or corporate policies
Contains major financial objectives and
often projects financial needs.
Transaction processing system (TPS)
Important financial information collected
from almost every TPS - payroll, inventory
control, order processing, accounts
payable, accounts receivable, general
ledger.
External sources
Annual reports and financial statements of
competitors and general news items.
Financial MIS Subsystems
and
 Outputs

Financial subsystems
Profit/loss and cost systems
Auditing
Internal auditing
External auditing
Uses and management of funds
 Accounting Information

System(AIS)

Subsystem of MIS that processes
financial transactions to provide (1)
internal reporting to managers for use
in planning and controlling current and
future operations and for nonroutine
decision making; (2) external reporting
to outside parties such as to
stockholders, creditors, and government
agencies.

Accounting Information
•
System(AIS)
• Accounting Information System
(AIS) combine the study and
practice of accounting with the
design, implementation, and
monitoring of information
systems. Such systems use
modern information technology
resources together with
traditional accounting controls
and methods to provide users the
financial information necessary to
manage their organizations.
 AIS Technology
 Input -The input devices commonly associated with
AIS include: standard personal computers or
workstations running applications; scanning
devices for standardized data entry; electronic
communication devices for electronic data
interchange (EDI) and e-commerce. In addition,
many financial systems come "Web-enabled" to
allow devices to connect to the World Wide Web.
 Process -Basic processing is achieved through
computer systems ranging from individual personal
computers to large-scale enterprise servers.
However, conceptually, the underlying processing
model is still the "double-entry" accounting system
initially introduced in the fifteenth century.
 Output -Output devices used include computer
displays, impact and nonimpact printers, and
electronic communication devices for EDI and e-
commerce. The output content may encompass
almost any type of financial reports from budgets
and tax reports to multinational financial
 Softwares used in AIS
•GnuCash · HomeBank · TurboCASH
•Microsoft Office Accounting Express

•Banana accounting · FlexAccount

•Microsoft Dynamics AX

•Microsoft Dynamics NAV

•Microsoft Dynamics SL

•Microsoft Office Accountin Professional

•Microsoft Small Business Financials

• SAP Business One

•“Budget” report reflects budget
balance available
eForms
Purchase Order, Payables and Budget

•Becoming two (2) distinct forms

–Purchase Order
–Agency Payment Voucher
–Other minimal changes in the heading section
•View of assets and liabilities
•“Account Balance” reflects balance
available
•View of revenues and expenses for the
fiscal year
Organization computing
resources
 Application Software:-
 Microsoft Office
 NOD32 Anti-Virus
 Adobe Reader

   System Software
 Operating System (Windows XP and Linux) for PC’s.
 Windows 2003 server for mainframes.
•

   Hardware Resources
 HP Printers Currency counter
Dell Mainframes
 Coin counters HP Digital Scanners
Networking cards
•
MyAccountsToGO (MATG) - Accounting
and financial information from
the SAP BusinessOne financial
management system are now
directly accessible from Apple
iPhone. 
Real time Banking
 In many circumstances the primary factor is speed. For example,
when a customer withdraws a sum of money from his or her
account the transactions are processed and the account
balance updated as soon as possible, allowing both the bank
and customer to keep track of funds. The new transaction is
send to LN. The LN enters the HUB where the specified file is
accessed. The updates are made entered there and finally the
update is done.
•
New Transactio, Updated
Updates LN

HUB
 Online Complains
 Standard Chartered bank allows the customer the option of
online complains. The customer submits the online complain
which is then processed by Customer Service TPS which is
linked by management and after the problem identification it
is send to the concerned department.

Customer Queries Customer Service TPS Identify Problem

Send to Concerned Dept.

Account Opening
 This TPS is designed for opening a new account in the
bank.
 Input: Give bio data, NIC no., income, city name.
 Process: Information send to the “virses”.
 Output: new account opened in the bank.

Virses

New A/C Opened

Applicant Identification Customer Service TPS

A/C Dept.
HUB
 Online Activity
 Purpose: Transfer funds with the organization.
 Input: Concerned Branch code, city name, account
title, amount & the transaction.
 Process: The information will send to organization
server (HUB).
 Output: Transfer of fund to the concerned branch.

Customer
Customer Service TPS A/C Dept

Fund Trnsfr to Concerned Branch

HUB
 ATM Card
 Purpose: Easy with draw of cash.
 Input: Give bio data, income summary, company name,
NIC.
 Process: NIC no. and bio data send to “virses” which
directly linked to NADRA. If information is correct then it
is forward to customer service centre.
 Output: Issue of credit card.
 Virses

New A/C Opened

Applicant Identification Customer Service TPS

A/C Dept. ATM Issued

HUB
ICICI BANK
 Management MIS
 The ICICI Bank Corporate System provides detailed
information (MIS) which can help in controlling
expenses. Monthly management reporting is an
integral component of the corporate Card offer
from ICICI Bank. It gives the management and its
employees a complete expense tracking
mechanism. It also provides travel discounts, and a
reasonable credit period. Thus reducing your
working capital requirement. This will reduce the
time and cost associated with expense control. The
report package provides both
 summaries and itemizations of charges and
payments. The reports help you;
 Streamline expense control
 Analyze spending patterns
 Forecast future spending
•
The Individual Card Member Billing
Statement
For convenience we give a one-glance
statement that details each individual
charge. It shows clearly all purchases, cash
advances, applicable finance and service
charges and amounts that remain
outstanding month-wise.
Consolidated Company Statement
Useful for monitoring Card usage and
payments, the ICICI Bank's Corporate Card
system provides you with details of each
Card Member's expenditure. It lists the
date, place, amount of expenditure, the
net amount payable by each Card Member,
Individual Account Description
Once you nominate your employees to
become ICICI Bank's Corporate Card
Members, you can receive reports. These
will tell you in a variety of useful ways, how
Card members are incurring expenses.
Your employees simply need to charge
expenses and pay back conveniently after
receiving their statement. Card Members
will receive a billing statement each month
that lists their charges and payment
activity.

Reduced Administrative
Burden

 Single Payment instrument. One Card for all your

requirements. The ICICI Bank Corporate Card
significantly reduces paperwork involved in processing
and paying multiple vendor bills across multiple
travelers. It also eliminates the need to set up credit
lines with a range of vendors used by your corporation.
 Flexibility : You can opt for a billing and payment
methodology aligned to your internal accounting and
reporting procedures.
 Multiple Billing & Payment Plan : We have the
flexibility of sending bills to individual Card members or
to a single recipient in your Company. You can also
choose to pay ICICI Bank centrally or let individual Card
members settle their own bills.
 Access to single vendor for all your travel related
needs : As an ICICI Bank Corporate Card customer, you
can access International Travel House Ltd our travel
partner, allowing you the convenience and efficiency of
dealing with a single quality supplier for all your travel
related requirements.
•
ICICI bank financial inclusion
 Financial Information Network & Operations Ltd
 Three key components:
 Core banking system provides accounting, MIS, reporting
and monitoring facility for all asset and liability products.
 Distribution component that enables “offline”
data capture from end user specific unique,
biometric enabled hybrid multi-application
Smart Cards.
 Credit Bureau component which enables
creation of knowledge base ,financial credit
worthiness,and credit rating profile of the end
user.
Custodian Service Report
  Equities and Fixed Income Instruments
   • Holding Statement
         • Asset Valuation
         • Transaction Report
         • Bank Statement
         • Forthcoming Corporate Actions Report
  Derivatives clearing:
 • Position Limit utilization Report.
         • Margin Movement Report.
         • Daily Activity Summary Report (Scrip wise day's
trade, open-
          close position and MTM)
         • Scrip wise margin rates Report.
THANK
YOU