What is meaning of MIS reports related to accounts reports?

Answer 1

Management Information Systems

Management Information System

M = Management = Practical Use of Power of Decision Making

I = Information = Useful Data

S = System = Technique of Use of Data for Business

Definition:

MIS (management information systems) is a general term for the computer systems in an enterprise that provide information about its business operations. It's also used to refer to the people who manage these systems. Typically, in a large corporation, "MIS" or the "MIS department" refers to a central or centrally-coordinated system of computer expertise and management, often including mainframe systems but also including by extension the corporation's entire network of computer resources.

In the beginning, business computers were used for the practical business of computing the payroll and keeping track of Accounts Payable and receivable. As applications were developed that provided managers with information about sales, inventories, and other data that would help in managing the enterprise, the term "MIS" arose to describe these kinds of applications. Today, the term is used broadly in a number of contexts and includes (but is not limited to): decision support systems, resource and people management applications, project management, and database retrieval applications.

A management information system (MIS) provides information that organizations require to manage themselves efficiently and effectively. Managementinformation system are typically computer systems used for managing five primary components:

1.) Hardware,

2.) Software,

3.) Data (information for decision making),

4.) Procedures (design,development and documentation),

5.) People (individuals, groups, or organizations).

Management information systems are distinct from other information system, in that they are used to analyze and facilitate strategic and operational activities.

Academically, the term is commonly used to refer to the study of how individuals, groups, and organizations evaluate, design, implement, manage, and utilize systems to generate information to improve efficiency and effectiveness of decision making, including systems termed decision support systems, export systems, and executive information system. Most business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and sometimes others, and grant degrees (at under graduates, masters, and PhD levels) in MIS.