What is MIS and data processing?
Management Information System (MIS) : It ensures that appropriate data is collected from the valid sources, processed and passed to needy destinations. It satisfies the needs through query systems, analysis systems, modelling systems. The main characteristics of MIS are : It supports data processing functions.
What are the uses of EDP?
Electronic Data Processing, also known as EDP, is a frequently used term for automatic information processing. It uses the computers to manipulate, record, classification and to summarize data.
What is the difference between AIS and MIS?
MIS stands for Management Information System while AIS stands for Accounting Information System. AIS pertain to finances while MIS is a much broader concept. AIS is regarded as a subset of MIS. The information obtained through AIS is critical for MIS.
What are the elements of EDP?
In the software section, accounting software, data entry, scheduling software, analytics, and software are the elements of electronic data processing. In the procedure section, sorting, analysis, reporting, conversion, data collection, aggregation be the elements of EDP.
What are the 5 main types of management information systems MIS?
Types Of Management Information System
- Process Control :
- Management Reporting System :
- Inventory control :
- Sales and Marketing :
- Human resource (Enterprise collaboration/Office automation) :
- Accounting and finance :
- Decision Support System :
- Expert system :
What is EDP and its advantages?
Electronic Data Processing (EDP) is the digital management of databases, typically stored on a shared server and allow simultaneous access to all parties. There are several distinct advantages to employing EDP: Speed.
What is EDP example?
Electronic data processing equipment is tangible hardware that accumulates, processes and stores data. Computers, laptops, tablets, phones, servers, mainframes and networks are all examples of EDP equipment.
What are the 3 subsystems of AIS?
Typically an AIS is composed of three major subsystems: (1) Transaction Processing System (TPS) that supports daily business operations; (2) General Ledger System and Financial Reporting System (GLS/FRS) and (3) the Management Reporting System (MRS) [2].
What is MIS and its importance?
MIS is a computer-based system that provides flexible and speedy access to accurate data. The organizational information system which in general relates to the planning, operation and control of an enterprise are the most important among them.
What are the 3 components of EDP?
Components of EDP(Electronic Data Processing)
- Input: Input refers to all the activities associated with recording data and making it available for processing.
- Processing: After data is recorded and converted into an appropriate form, it must be processed.
- Output.
- Storage.
What are the features of MIS?
An ideal MIS possesses the following features:
- Continuous flow: A well-designed MIS provides a continuous flow of information for decision making.
- Decision-making: MIS is structured to provide information for decision-making.
- Use of computer:
- Complex process:
- Economical:
- Variety:
- Future-oriented:
- Flexible:
What are the types of EDP?
Types of EDP & Entrepreneurial Development Cycle
- I. Entrepreneurship Awareness Training Programme.
- II. Product Oriented EDP.
- III. Target Oriented EDP.
- IV. EDP’s For Existing entrepreneurs.
What is the importance of studying AIS?
AIS ensures the highest level of accuracy with the company’s financial transactions and record-keeping. It also allows specific employees to access the information they need while limiting sensitive information to others and protecting the overall security of company data.
What is AIS account?
An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report information to investors, creditors, and tax authorities.
What are the main types of MIS?
What are the types of data processing?
There are three main data processing methods – manual, mechanical and electronic.