Answer / vamshi1982

MIS means management information report. By this report
managment is able to take effective decisions in making
profits. By this information managment can be react
immediately before break in the process. This report
carries each and every information which effect the
production and helps the managment in taking good decisions
on time.

Answer / suresh

MIS implies Management Information System Report.MIS useful
for management taking correct decision at right time. MIS
contains Various kinds It can be prepared monthly.
Eg: Financial MIS ,Marketing MIS,HR MIS and Production MIS

Finacial MIS contanins Profit & Loss A/c Funds flow
Cashflow Statements ans other major expenditure.

Answer / neeraj srivastava

There is lots of answers but no one has given the proper
answer of the question.Basically Midlle level management
prepare the MIS Report & send it to Higher management so
that they can take effective decison to make profit & if
required then cut the cost.

The things covered in the report is depend upon the
department like,

For Accounts- Income & Expenditure statement, liabilities
of Taxes, Outstanding Reports of Suppliers, Cash flow, & If
possible monthly BS and P & L.

For Production - Cost of Production Report, Price change
report, Monthly reconcilation between purchase vs
production, Ware house Report(Stock),Production vs Wages
reconcilation

For HR - Monthly Joining & Attrition List, Total Salry of
the company Department wise, PF & ESI Report,Monthly MIS
must include any accident for the month,if any.

For Marketing or Sales - I am basically not from this feild
so kindly complete who can do it.

Answer / prakashk

MIS is Management Information System report.It can be any
type of report.for ex.cash flow, fund flow,sales etc.through
this report the management can take right decision in right
time n will have correct idea of status of the
company/organization.

Answer / latha.

MIS report actually means, it is a report conducts day to
days transaction details of a co. whether it is small or
big. It covers day to day receipts, payments, any contra,
sales, purchase etc. any transaction depending upon on the
co.

Answer / arasan

MIS is Management Information System report.It can be any
type of report.for ex.cash flow, fund flow,sales etc.through
this report the management can take right decision in right
time n will have correct idea of status of the
company/organization.

Answer / libin varghese

MIS is the short form of Management Information System. By
this system management is able to take effective decision
making profits.

Answer / hima

It mean 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.
So that managerial decisions can be taken effectively.

Answer / vijay kumar

There is lots of answers but no one has given the proper
answer of the question.Basically Midlle level management
prepare the MIS Report & send it to Higher management so
that they can take effective decison to make profit & if
required then cut the cost.

The things covered in the report is depend upon the
department like,

For Accounts- Income & Expenditure statement, liabilities
of Taxes, Outstanding Reports of Suppliers, Cash flow, & If
possible monthly BS and P & L.

For Production - Cost of Production Report, Price change
report, Monthly reconcilation between purchase vs
production, Ware house Report(Stock),Production vs Wages
reconcilation

For HR - Monthly Joining & Attrition List, Total Salry of
the company Department wise, PF & ESI Report,Monthly MIS
must include any accident for the month,if any.
i agree with Mr. neeraj

For Marketing or Sales - in marketing deptt. any activity
to be done base by company MIS report e.g total marketing
of the product is based what is our sale, wht is our
approved buget & ur product is world wild available,then
main purpose of MIS report is to facilitate the higher/top
management in making decision for a particular brand

Answer / marekana

Well All You Have Given Your Answer Its Easy and Applicable
If You Take Like This

MIS ( Management Information Report)

Its a Tracker Data Segregated By Required
Information From Management To Track The System On
Particular Process It Might differ from Company to Company
Department To Department Process to Process.

Its a Columned and Rowed Tracker Because You Can
Also Make Graphs Or Charts Easily And You Can Maths Easily .


Normally We Use MS-Excel For This Report There
Are Some Particular ERP and CRM Software Which Automatically
Does This Work Buy Certain Input.

This Answer Is My Knowledge And Belief Please Let Me Know If
Its Wrong

Regards
raji

Difference between cash and merchantile system?

0 Answers   Capital IQ,

2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

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