An information system that tracks financial events and summarizes financial information is said to be financial information system. Generally the term financial information system refers to use of information communication technology in financial operations to support management and budgeting decisions and preparation of financial reports and statements. A financial information systems stores, organizes and makes access to financial information easy. It not only stores all the financial information relating to current and past years' spending, but also stores the approved budgets for these years, details on inflows and outflows of funds, as well as completes inventories of financial assets (eg equipment, land and building) and liabilities (debt).
transaction data
FIS works with systems which process the daily informations such as TPS (transaction Processing Systems).
Funds management, financial accounting, controlling
A financial information management system is accurate, integrated with other systems and analytical. A good system will help management avoid problems by generating reports.
Accounting
transaction processing system
How can a transaction processing system help an organization's management information system and decision support system?
disadvantages of transaction processing system
transaction data
Transaction processing system & management information system
4 types of transaction processing system
transaction processing systems
Transaction processing system (TPS)
transaction processing system
A transaction processing system is a system that divides work into individual transactions. Types of processing include batch processing, time sharing, real time processing, and transaction processing.
Transaction processing system are operational level systems at the bottom of the pyramid.
transaction processing system are computerized system that perform and record the daily routine transaction necessary to conduct business