CHAPTER 2
THEORETICAL FOUNDATION
The sole objective of
MIS
is to help the management of a
firm
in making
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decisions related to their responsibilities by providing the information needed to
plan and control the firm’s activities. The range of information needed depends
on what the
stage or type of the decision that ought needs to be made.
2.1.3.3. Relationship with AIS
The
relationship
between
MIS
and
AIS
can
be
assumed
as
overlapping
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connection.
Each
of
them
has their
its own particular
task
and
mission;
nonetheless
they
are
still
closely related.
Some
consider
the
AIS
as
being
a
subsystem of the MIS, since the data utilized by the MIS have a broader scope.
However, the AIS serve a wider range of users. Through its financial accounting
subsystem, the AIS serve external users who are not supplied by the MIS. But,
the
AIS
also serve
managers
through
its
managerial
accounting
subsystem,
in
part directly
and in part by providing information to the functional information
system of the MIS.
2.2.Revenue Cycle (RC)
The AIS application that deals with economic events, which generate revenue for
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the
accounting entity,
is
the
Revenue
Cycle
(RC).
The description
includes
the
definition of RC and its objectives, as well as the documents related to it.
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