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what is meant by MIS reporting
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Answer / kale
An organized approach to the study of the information needs
of an organization's management at every level in making
operational, tactical, and strategic decisions. Its
objective is to design and implement procedures, processes,
and routines that provide suitably detailed reports in an
accurate, consistent, and timely manner.
In a management information system, modern, computerized
systems continuously gather relevant data, both from inside
and outside an organization. This data is then processed,
integrated, and stored in a centralized database (or data
warehouse) where it is constantly updated and made
available to all who have the authority to access it, in a
form that suits their purpose.
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Short Answer on _________Revenue Expenditure
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
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