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Financial Information System

A financial information system accumulates and analyzes financial data to help businesses meet financial obligations and make good management decisions. The system generates accounting reports, budgets, cash flow forecasts, and analysis reports. It evaluates data through ratio analysis, trends, and financial modeling. A financial information system is a business software that inputs and tracks financial data, generating reports and alerts to assist managers in running the business effectively. It provides access to and security of financial reporting tools, handles user support, and develops and implements system enhancements.

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arshchandrakar
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77 views1 page

Financial Information System

A financial information system accumulates and analyzes financial data to help businesses meet financial obligations and make good management decisions. The system generates accounting reports, budgets, cash flow forecasts, and analysis reports. It evaluates data through ratio analysis, trends, and financial modeling. A financial information system is a business software that inputs and tracks financial data, generating reports and alerts to assist managers in running the business effectively. It provides access to and security of financial reporting tools, handles user support, and develops and implements system enhancements.

Uploaded by

arshchandrakar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INTRODUCTION

Financial information system accumulates and analyzes financial data in order to make good financial management decisions in running the business. The basic objective of the financial information system is to meet the firm's financial obligations as they come due, using the minimal amount of financial resources consistent with an established margin of safety. Outputs generated by the system include accounting reports, operating and capital budgets, working capital reports, cash flow forecast, and various what - if analysis reports. The evaluation of financial data may be performed through ratio analysis, trend evaluation, and financial planning modeling.

What is a Financial Information System?


financial information system (FIS) is a business software system used to input and track financial and accounting data. The system generates reports and alerts that assist managers in effectively running the business.

Application of Financial Information System


Access to, security of, and interface with fame, JEMS and the financial reporting tool, Hyperion Brio. Frontline systems user support via the Help Desk (Includes obtaining access to reporting tools & Chartfield Security). Development and implementation of financial system enhancements. Management of subsidiary financial system applications (i.e., Payment Imaging Reporting System, Accounts Payable Payment Request System.) Onsite and remote workstation support services. System budget control operations and reporting.

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