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Management Information Systems
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A management information system (MIS) is a system or process that provides
the information necessary to manage an organization effectively. MIS and the
information it generates are generally considered essential components of
prudent and reasonable business decisions.
The importance of maintaining a consistent approach to the development,
use, and review of MIS systems within the institution must be an ongoing
concern of both bank management and OCC examiners. MIS should have a
clearly defined framework of guidelines, policies or practices, standards, and
procedures for the organization. These should be followed throughout the
institution in the development, maintenance, and use of all MIS.
MIS is viewed and used at many levels by management. It should be
supportive of the institution's longer term strategic goals and objectives. To
the other extreme it is also those everyday financial accounting systems that
are used to ensure basic control is maintained over financial recordkeeping
activities.
Saylor.org - Personal Name
NONE
Management Information Systems
Information Technology
English
1995
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