Imp topics
1. CBIS
2. types of computer-based system
3. functional processes of MIS
4. Big Data to gain competitive advantages
5. Define ethics, Ethical issues
6. Privacy issues
7. fundamental tenets of ethics.
8. Knowledge management system
9. Compare and contrast tacit knowledge and explicit knowledge.
10. Importance of BPI
11. Compare and contrast business process improvement, business
process reengineering, and
business process management
12. Explain data warehouse usage in MIS
Q.3 functional processes of MIS
1. Data Collection
● Input: The first stage involves gathering relevant data from various sources like
internal databases, user inputs, or external sources.
● Types of Data: Can include financial records, sales figures, employee information,
market trends, etc.
● Tools Used: Forms, surveys, transaction records, data entry systems.
2. Data Processing
● Transformation: Collected data is processed to convert raw data into a meaningful
format using sorting, filtering, aggregation, and calculations.
● Tools and Methods: Data processing systems, data warehousing, ETL (Extract,
Transform, Load) tools.
3. Data Storage
● Database Management: Processed data is stored in databases where it is
organized for easy access and retrieval.
● Types of Storage: Relational databases, data warehouses, cloud storage.
● Security: Implementation of data security protocols to ensure integrity and
confidentiality.
4. Data Analysis and Reporting
● Analysis: Extracting insights through statistical analysis, data mining, and business
intelligence (BI) tools.
● Reports Generation: Creating reports, dashboards, and visualizations that provide
meaningful insights.
● Tools Used: Excel, Power BI, Tableau, BI software, analytics platforms.
5. Information Dissemination
● Distribution: Making processed information available to relevant stakeholders like
management, employees, or clients.
● Methods: Automated report generation, alerts, email notifications, dashboards.
6. Decision Support
● Supporting Decision-Making: The information provided by the MIS aids in strategic,
tactical, and operational decision-making.
● Types of Decisions: Routine operational decisions, strategic planning, resource
allocation, performance monitoring.
7. Feedback and Control
● Monitoring: Regularly reviewing the effectiveness of the MIS and the decisions
made using the system.
● Feedback Loops: Identifying issues, refining processes, and updating the system
based on user feedback and changing requirements.
Q.5 Define ethics, Ethical issues
ethics refers to the principles and guidelines that govern the responsible use of
information and technology. Ethical practices in MIS ensure that the data is
managed, processed, and utilized in ways that respect privacy, confidentiality,
fairness, and legal standards. Here’s a breakdown of what ethics in MIS involves:
Q7. fundamental tenets of ethics.
Fundamental Principles of Ethical Behaviour:
1. Integrity – to be straightforward and honest in all professional and business
relationships. Integrity also means that members must not knowingly be
associated with misleading information.
2. Objectivity – not to compromise professional or business judgements
because of bias, conflict of interest or undue influence of others. If
undertaking an assurance engagement, members must also be and appear to
be independent.
3. Professional Competence and Due Care – to attain and maintain
professional knowledge and skill at the level required to ensure that a client or
employing organisation receives competent professional service, based on
current technical and professional standards and relevant legislation; and act
diligently and in accordance with applicable technical and professional
standards.
4. Confidentiality – to respect the confidentiality of information acquired as a
result of professional and business relationships. Confidential information
must not be disclosed outside the organisation without authority, unless there
is a duty or right to disclose, or disclosure is in the public interest and
permitted by law.
5. Professional Behaviour – to comply with relevant laws and regulations and
avoid any conduct that the professional accountant knows or should know
might discredit the profession.
