Important Points for IC 89 - Management Accounting Exam
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The IMFs stated objectives are to: Promote international economic co-operation, International trade, Employment, Exchange rate stability and To provide financial resources & assistance to member countries to meet the BOP requirements.
Manangement Information System is an integrated user-machine system designed for providing information to support functional process and control, management process and control and decision making process in a large organisation.
The term system may be defined as a set of interrelated elements that operate collectively to accomplish some common purpose or goal.
Information means data that are put into a meaningful and useful context.
Information is defined by Davis and Olson as "information is data that has been processed into a form that is meaningful to the recipient and is of real or perceived value in current or progressive decision".
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