For a MIS to be able to function and

provide valuable information for decision making, it needs data input. Data is

mainly obtained from ____________ , but can also be obtained from external

sources?

A financial MIS integrates financial and

operational information from various sources into one system. Which of the following is

The management information system (MIS) converts data into various reports disseminated to management.

Which one of the following is NOT a general type of report generated by the management information system?

External sources refer to all data already

recorded in the organisation. Examples of external sources include supplier and

customer feedback.

An MIS has the ability to provide user-friendly reports by integrating financial and nonfinancial information from various internal and external sources into a single report.

XBRL is used when business information is exchanged in XML format.

Simple information

is information ...

Exception reports provide

increasingly detailed data on a matter.

The international financial reporting standards (IFRS) require financial

statements to be understandable, reliable, compatible and cost efficient.

Business information systems is a special software that combines information obtained from a data warehouse, from all functional areas in the organisation and external sources to a lesser extent to generate reports required by top management.