MANAGEMENT INFORMATION SYSTEM DEFINED The scope and purpose of MIS is better understood if each part of the term is defined. Thus‚ Management:-It has been defined in a variety of ways‚ but for our purposes it comprises the processes of activities that describe what managers do in their organization‚ plan‚ organize‚ initiate‚ and control operations. They plan by setting strategies and goals and selecting the best course of action to achieve the plan. They organize
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CBMS4303 MANAGEMENT INFORMATION SYSTEM Maryati Mohd Yusoff Mohd Zakree Ahmad Hafiz Mohd Sarim Norhayati Mohd Ali Nurhizam Safie Mohd Satar Salina Ismail Muhammad Shakirin Shaari Mohamed Ali Saip Nassiriah bt Shaari Project Directors: Prof Dr Mansor Fadzil Prof Dr Mohammed Yusoff Open University Malaysia Module Writers: Maryati Mohd Yusoff Mohd Zakree Ahmad Hafiz Mohd Sarim Norhayati Mohd Ali Universiti Kebangsaan Malaysia Salina Ismail Muhammad Shakirin Shaari Mohamed Ali Saip Nassiriah
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Regulation environment:1. accounting is regulated by private-sector body(FASB)‚ but government underpins the authority of its standards. 2. no legal requirement for the publication of FS3. each state has its own corporate statutes and not rigorously enforced. Reports rendered to local agencies are often unavailable to the public4. only listed companies have compulsory requrirements for FR at the federal level as specified by the SEC. | | | | Regulation environment:1. Dutch accounting presents several interesting
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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MS621 MANAGEMENT INFORMATION SYSTEMS 2 T.Subra Functional information system A functional information system is a system that supports a functional area in an organization. Functional areas like accounting‚ finance‚ general management‚ human resources‚ etc. are associated with support activities that include the firm’s infrastructure‚ human resource management‚ technology
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understand the impact of management information on decision making Definitions of Management Information System: “The study of MIS is not about the use of computers‚ it is about the provision and use of information relevant to the user. Computers are one - albeit important - means of producing information and concentration on the means of production rather than the needs of the user can lead to expensive mistakes." (Lucey [1997] pg 195) “A system to convert data from internal and external
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differences between management accounting and financial accounting include:[1] 1. Management accounting provides information to people within an organization while financial accounting is mainly for those outside it‚ such as shareholders 2. Financial accounting is required by law while management accounting is not. Specific standards and formats may be required for statutory accounts such as in the I.A.S International Accounting Standard within Europe. 3. Financial accounting covers the entire
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I. INTRODUCTION Gerber‚ a U.S company producing jarred baby food‚ was considering in 1991 whether they should acquire Alima SA‚ one of Poland’s largest and most successful food processing plants. With this deal‚ Gerber expected to build a low-cost base for its European operation as a platform for growing markets of Central and Eastern Europe. Because the deal could help to have the aging plant modernized and boost its sagging export trade while bringing hard currency at the same time‚ Poland government
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Problem 1: Job Costing /16 marks Problem 2: Process Costing /12 marks Problem 3: ABC Problem /15 marks Problem 4: CVP Problem /16 marks Total 100 marks possible Please clearly fill out all of the following information according to your T-card: LAST name (print): FIRST name (print): STUDENT #: Class Section – DAY and TIME /100 Section I: 7 Multiple Choice Questions (3 marks each‚ 21 marks in total) : Please circle the single best answer for the multiple-choice
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Introduction to Data Mining Summer‚ 2012 Homework 3 Due Monday June.11‚ 11:59pm May 22‚ 2012 In homework 3‚ you are asked to compare four methods on three different data sets. The four methods are: • Indicator Response Matrix Linear Regression to the Indicator Response Matrix. You need to implement the ridge regression and tune the regularization parameter. The material of this algorithm can be found in Page 103 to Page 106 in the book ”The Elements of Statistical Learning” (http://www-stat
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