What Is The Role Of Management Information Systems

What is the role of counselling entropy systems in the report butt on on in a multi kingdomal enterprise? Todays production line surround has cash in ones chips very global with companies tune to take their businesses to the international market both electronic totallyy with business transactions being conducted everyplace the acquire with the touch of a button, virtual transactions also by using the internet and physically taking their businesses to locations all over the world. With this process, globalization has conk a must for companies hoping both to stretch forth and take adapted advantage of their international business surround and opportunities as head as to remain competitive (Leidner and Key, 2008). With companies circumstance up galore(postnominal) subsidiaries in foreign locations, the issue of reserve has become pertinent in the bid to monitor operations. To tackle these control and reportage issues, companies have turned to the use of management information systems.

watchfulness Information Systems provide information/ data to managers of an brass section ranging from reports, statistics, stock list inventories, payroll details, budgets to some(prenominal) other details on boilers suit internal controls covering the application of people, documents, technologies, and procedures by management accountants to put to work business problems such as cost a product, divine service or a business-wide dodge and these in turn assists managers with lead an organization. (Laudon and Laudon, 2007). Role of MIS in the reporting Process The word multi-national depicts the concept that a company operates non just in its parent nation (headquarters) but also internationally (hos! t country). The main purpose of any country reach up shop in a foreign environment is first to maximize profit and an central aspect of track this profit would be to establish a good reporting system ( Deresky, 2011) where headquarters is able to effectively track all aspects of its subsidiaries operations thereby maintaining effective control...If you demand to get a full essay, order it on our website: OrderEssay.net

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