A management information system (MIS) can be defined as a system that:
- Provides information to support managerial functions like planning, organizing, directing, controlling.
- Collects information in a systematic and a routine manner which is in accordance with a well defined set of rules.
- Includes files, hardware, software and operations research models of processing, storing, retrieving and transmitting information to the users.
A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy.… Read the rest