MIS report and its analysis
This query is : Resolved
27 September 2007
How can it be analysed? what are the primary implications in preparing the MIS report? please explain in detail.If we take employees salaries what factors are to be considered in that regard ?
Eg:ctc/12+gratuity = employee's cost to the company.If there are any books please suggest me.
Eg:ctc/12+gratuity = employee's cost to the company.If there are any books please suggest me.
28 September 2007
Please Make your query more clear
28 September 2007
MANAGEMENT INFORMATION SYSTEM DENOTES EXCEPTIONAL BUT VALUABLE TOOLS FOR MANAGEMENT TO TAKE STRATEGIC DECISIONS IN BUSINESS- LIKE EXPANSION, DIVERSIIFICATION,AMAGAMATION/MERGER OR TAKE OVER,SELL LESASE OR BUYBACK,INVESTMENT DECISIONS , ACQUIRE ABROAD OR LOCALLY ANY UNIT FOR HORIZONTAL OR VERTICAL GROWTH , ORGANIC OR INORGANIC GROWTH ETC...
USUALLY THE TOOLS USED ARE COST BENEFIT ANALYSIS, RATIO ANALYSIS, PAY BACK PERIOD, FUNDS FLOW, BUDGETS vs. ACTUALS, VARIANCE ANALYSIS ,COMPARISON WITH COMPETETOR'S DATA
DISCOUNTED CASH FLOW,INTERNAL RATE OF RETURN,FUTURE PROFITABILITY PROJECTIONS OF SELF AND COMPETETORS ,DIRECTION OF ECONOMY LOCAL AND INTERNATIONAL,MARKET DEMAND AND SUPPLY ETC. BESIDES MARKET RESEARCH AND GOVT. POLICY INITIATIVES ETC...IT IS A VAST SUBJECT.
ANY BOOK ON MANAGEMENT ACCOUNTING OR ADVANCE FINANCIAL MANAGEMENT WILL THROW LIGHT ON MOST OF ABOVE TOPICS.
AS FAR AS ANALYSIS AND IMPLICATIONS IN YOUR QUESTION,PL. TELL ME WHICH SIDE OF THE TABLE YOU ARE. ARE YOU AN INVESTOR OR A PREDATOR OR SELLER OF STRATEGIC SALE?
THE ANALYSIS CHANGES ACCORDINGLY.
SIMPLY PUT IF IAM A POTENTIAL BUYER I LOOK AT SWOT ANALYSIS( STRENGTH, WEAK NESS.,OPPRTUNITY,THREAT),OPPRTUNITY COST,REPLACEMENT COST ETC...
BUT IF I WANT TO SELL OFF AND MAKE A STATEGIC SALE, I WILL HIGHLIGHT MY STRENGHTS AND OPPRTUNITIES MORE THAN ANY THING ELSE.
PL. PUT YOURSELF AS A BUYER ,SEE WHAT YOU LOOK TO. IMAGINE YOU ARE THE SELLER. DECIDE WHAT TO HIGHLIGHT. IT IS A GAME PLAN THAN ANYTHING ELSE? BUYER BEWARE OR BE A STRRET SMART SELLER.
PL. GO TO GOOGLE SEARCH BAR ABOUT ANY SINGLE ITEM LISTED ABOVE . YOU WILL FIND ENORMOUS INFO. ON EACH.
REGARDING THE OTHER ISSUE RAISED ON COST TO COMPANY.PL.NOTE IT ALSO INCLUDES WHAT ARE SHORT TERM AND LONG TERM COSTS TO THE COMPANY.NOT ONLY SALARY,P.F, LEAVE ENCASHMENT, PENSION PLAN COSTS,GRATUITY, ETC.. BUT EVEN POSSIBLE FUTURE INCREMENTS, ADDIND FUTURE MANPOWER AT HIGHER COST AND RETENTION COSTS LIKE WELFARE COSTS, ESOPS,TRAINING COSTS, COST OF EMPLOYEE TURNOVER ETC...THEN ONLY IT WILL BECOME COST TO COMPANY. ONLY SUCH COMPREHENSIVE DATA HELPS MANAGEMENTS TAKE EXCEPTIONAL DECISIONS OR MANAGEMENT BY EXCEPTION.
AN ANALYST LOOKS AT DIFFERENT MIS DEPENDING ON HIS END USE.THAT IS THE BOTTOMLINE.
C.A.R.V.RAO
USUALLY THE TOOLS USED ARE COST BENEFIT ANALYSIS, RATIO ANALYSIS, PAY BACK PERIOD, FUNDS FLOW, BUDGETS vs. ACTUALS, VARIANCE ANALYSIS ,COMPARISON WITH COMPETETOR'S DATA
DISCOUNTED CASH FLOW,INTERNAL RATE OF RETURN,FUTURE PROFITABILITY PROJECTIONS OF SELF AND COMPETETORS ,DIRECTION OF ECONOMY LOCAL AND INTERNATIONAL,MARKET DEMAND AND SUPPLY ETC. BESIDES MARKET RESEARCH AND GOVT. POLICY INITIATIVES ETC...IT IS A VAST SUBJECT.
ANY BOOK ON MANAGEMENT ACCOUNTING OR ADVANCE FINANCIAL MANAGEMENT WILL THROW LIGHT ON MOST OF ABOVE TOPICS.
AS FAR AS ANALYSIS AND IMPLICATIONS IN YOUR QUESTION,PL. TELL ME WHICH SIDE OF THE TABLE YOU ARE. ARE YOU AN INVESTOR OR A PREDATOR OR SELLER OF STRATEGIC SALE?
THE ANALYSIS CHANGES ACCORDINGLY.
SIMPLY PUT IF IAM A POTENTIAL BUYER I LOOK AT SWOT ANALYSIS( STRENGTH, WEAK NESS.,OPPRTUNITY,THREAT),OPPRTUNITY COST,REPLACEMENT COST ETC...
BUT IF I WANT TO SELL OFF AND MAKE A STATEGIC SALE, I WILL HIGHLIGHT MY STRENGHTS AND OPPRTUNITIES MORE THAN ANY THING ELSE.
PL. PUT YOURSELF AS A BUYER ,SEE WHAT YOU LOOK TO. IMAGINE YOU ARE THE SELLER. DECIDE WHAT TO HIGHLIGHT. IT IS A GAME PLAN THAN ANYTHING ELSE? BUYER BEWARE OR BE A STRRET SMART SELLER.
PL. GO TO GOOGLE SEARCH BAR ABOUT ANY SINGLE ITEM LISTED ABOVE . YOU WILL FIND ENORMOUS INFO. ON EACH.
REGARDING THE OTHER ISSUE RAISED ON COST TO COMPANY.PL.NOTE IT ALSO INCLUDES WHAT ARE SHORT TERM AND LONG TERM COSTS TO THE COMPANY.NOT ONLY SALARY,P.F, LEAVE ENCASHMENT, PENSION PLAN COSTS,GRATUITY, ETC.. BUT EVEN POSSIBLE FUTURE INCREMENTS, ADDIND FUTURE MANPOWER AT HIGHER COST AND RETENTION COSTS LIKE WELFARE COSTS, ESOPS,TRAINING COSTS, COST OF EMPLOYEE TURNOVER ETC...THEN ONLY IT WILL BECOME COST TO COMPANY. ONLY SUCH COMPREHENSIVE DATA HELPS MANAGEMENTS TAKE EXCEPTIONAL DECISIONS OR MANAGEMENT BY EXCEPTION.
AN ANALYST LOOKS AT DIFFERENT MIS DEPENDING ON HIS END USE.THAT IS THE BOTTOMLINE.
C.A.R.V.RAO
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