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information systems

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › information systems

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.
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  • October 14, 2022 at 7:44 am #668579
    QAZWED
    Member
    • Topics: 24
    • Replies: 38
    • ☆☆

    What is the difference between MIS and EIS?

    October 14, 2022 at 4:24 pm #668629
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10607
    • ☆☆☆☆☆

    See pages 39 and 40 of the notes.

    MIS: example is when a system reports variances. There are specific ways in which the calculations are performed and the variances pro ide information for managers.

    EIS: example is a spreadsheet used to create budgets. There is no correct budget but the system allows managers/executives to play around with different assumptions, eg feeding in estimates of inflation, exchange rates and interest rates. Managers have to decide which combinations of assumptions are the most likely.

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