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Can any body explain what is MIS reports and what are
factors that collected to maintain finacial MIS reports and
can any send me format of financial MIS reports to my mail ID
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Answer Posted / vasavi
Ans: The MIS report "its meance MANAGEMENT INFORMATION
SERVICE generally it is monthly to submit to the Head of the
unit (Factory or Establishment) the report should reach to
the concern head from all the department heads every month
first week of the last month particulars. The HR department
has also submit their report. In our organisation we usually
submiting the formate is as under.MIS is
monthly,Quarterly,Six monthly and yearly statements and
records to Management of Company to make them aware of
Financial and Non Financial Information. MIS is important to
Management as they are not day to day involved in management
and this information is Basic Rawmaterial to Make Strategic
decisions
M Management - Senior-Middle-Bottom level management
I Information - Financial - Nonfinancial
S System - Method of Communication and Network of Info.
System can be automated or Manual
Statement Includes factors affecting for Eg.
Market Analyses.
Profit and Loss account
Balance sheet
Cash Flow
Fund Flow
Budgeting - Periodic & Product wise
Standard costing - Marginal costing data.
Trial Balance.
Day to day current asset and current liability.
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