Financial MIS REPORT - balance sheet.. CiteOps

prakash_mdl Started The Discussion:

dear friend , pl. tell about financial MIS REPORT AND cluse , section ,act, for the calculation of RM COST ( all of P&L CONTENTS) PRAKASH

katarianikhil -  Member Since: Sep 2008

MIS is monthly,Quarterly,Six monthly and yearly statements and records to Management of Company to make them aware of Financial and Non Financial Information.

M Management - Senior-Middle-Bottom level management
I Information - Financial - Nonfinancial
S System - Method of Communication and Network of Info.
System can be automated or Manual

Statement Includes for Eg.
Market Analyses.
Profit and Loss account
Balance sheet
Cash Flow
Fund Flow
Budgeting - Periodic & Product wise
Standard costing - Marginal costing data.
Trial Balance.
Day to day current asset and current liability.

MIS is important to Management as they are not day to day involved in management and this information is Basic Rawmaterial to Make Strategic decesions.

prakash_mdl -  Member Since: Sep 2008
good morning dear, Happy dasara and divali thanks for mis information if more details regarding mis and costing pl. sent to me regards, prakash

kvsaiprasad -  Member Since: Aug 2008
Any process industry Integrated (Production,Maintenance and Quality) report template required.Please help me in this regard. -  Member Since: Feb 2009
Hi all, pls tell me how to make financial mis report??? can u pls send me all the available formats on my gmail id ie

ilunaz -  Member Since: Jun 2009
A management reporting system can be defined as an organised method of providing each manager with all data and only those data which he needs for his decisions, when he needs them and in a form which aids his understanding and stimulates his action.

Modes of reporting
reports may be presented in any of the following forms.
1. written
2. graphic
3. oral.

Kinds of reports

1. According to purpose
a. external reports, b. internal reports

2. According to period
a. routine reports, b. special reports

3. According to function
a. operating reports, b. financialreports

Reports meant for the top management.

Board of Directors
1. quarterly balance sheet and P/L account
2. quarterlt funds flow statement
3. quarterly production cost statement
4. quarterly machine and labour utilisation statement

Production Director
1. monthly production cost stetement
2. montly machine utilisation-department- wise
3. montly labour utilsation stetement- department wise
4. montly material scrap stetment-department wise

Sales Director
1. montly reports of orders received, order executed, order pending-division wise.
2. montly reports of finished goods, stock position
3. montly reports of selling and distribution cost-division-wise
4. montly reports of credit collection, arrears and bad debts-division-wise

Finance Director
1. montly funds flow statement
2. montly abstract of receipts and payments

Reports meant for the middle management

Works Manager
1. weekly reports of idle time and idle capacity-dept wise
2. weekly reports of scrap- dept wise
3. weekly reports of production costs
4. weekly production statement

Sales Divisional Manager
1. fortnightly report of budgeted and actual sale area wise
2. fortnightly report of cradit collection, out standig and bad debts
3. fortnightly report of orders booked, orders executed and orders outstanding.
4. fortnightly reports of stock position

Reports meant for junior level managment

Shop Forman
1. daily reports of idle man time and machine utilisation
2. daily scrap report
3. daliy report of production- budgeted and actual

Sales area supervisor
1. weekly reports of sales - sale man wise
2. weekly reports of orders booked, executed and outstanding
3. weekly reports of cradit collection, outstanding and bad debts.




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