FINANCIAL INFORMATION SYSTEM(FIS)

What is financial information system? A financial information system is a type of business software used to input, accumulate, & analyse financial and accounting data FIS help us to manage finances Maintaining accounts manually FIS support financial managers in decisions concerning ,alocation & control of financial resource

Major FIS categories include1. Cash & Investment

management2. Capital budgeting3. Financial planning & forecasting Spreadsheets are heavily used for this process incorporates present value analysis of expected cash flows and probability analysis of risk to determine the optimum mix of capital

Financial Information system contains INPUT SUBSYSTEMSInput subsystemInternal audit subsystemFinancial intelligence subsystem OUTPUT SUBSYSTEMSForecasting subsystemFunds management subsystemControl subsystem

INPUT &OUTPUT SUBSYSTEM The input subsystem is the part of the

linux kernel that manages the various input devices that user used to interact with kernel, command line and graphical user interface.

The output subsystem is the interface layer between the client OS and the 32 bit client services provided by Netware.