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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › information systems
What is the difference between MIS and EIS?
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.