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MIS stands for management information system.
By summarizing, visualizing, cleaning the raw data and make it into meaningful insights
MIS ( Management Information Systems)
To Prepare of M
1. Revenue Execution.
2
We will consider all income and expenses of the mothn
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 analyzing 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 includes computer resources, people, and procedures used in the modern business enterprise.
Preparation of monthly statements to know the variance between budget and actual expenses.
Preparing reports of projects wise to know the variance between budget and actual expenses.
my first answer to you is that its PREPARE, not prepair.
Secondly, MIS provides information that organizations require to manage themselves efficiently and effectively.
