MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations. Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analysing different aspects of business. These reports also help to answer what-if questions like what would be the effect on cash flows of a company if the credit term is changed for its customers etc.
MIS reports also support decision making and it helps to integrate the decision maker and the quantitative model being used. These automated systems allow managers to make decisions for smooth & successful operation of businesses. The systems include computer resources, people, and procedures used in the modern business enterprise. As the organization grows, the process of generating and distributing MIS report needs to be integrated and traceable.
The course is designed to ensure you get a thorough understanding of what MIS reports are, their formats and frequency at which they are generated.
The objective of the course is to ensure that you have full visibility of the tasks and stages in process, making you able to plan, prepare and effectively communicate MIS reports. Accountants and Managers who master this process would be in a position to add more values to their companies and eventually get more authority and faster growth.