difference between MIS AIS
Difference between MIS and AIS is as follows:
S.No. | MIS | AIS |
1. | MIS is a planned system of collecting, processing, sorting and disseminating data in the form of information required to carry out the functions of management. | AIS allows its users to collect and store business or financial data and transform it into information and communicate to its internal and external users. |
2. | It is wider system, AIS is also a sub-system of it. | It is narrower system as it part of other system. |
3. | MIS report useful in making prudent and reasonable business decision. | AIS provides financial information necessary to manage the organisation. |