MANAGEMENT INFORMATION SYSTEM Definition

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MANAGEMENT INFORMATION SYSTEM (MIS) is a well-developed data management system that provides uniform organizational information from all areas of the entity within a database. Information within the database is manipulated to help management reach accurate and rapid organizational decisions.

Learn new Accounting Terms

COMMON-SIZE STATEMENT see COMMON SIZE ANALYSIS.

PAYABLE is an amount awaiting payment to be made, e.g. interest payable or taxes payable.

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