ii Recruitment Records Details of all vacancies and applicants should be held

Ii recruitment records details of all vacancies and

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ii) Recruitment Records :Details of all vacancies and applicants should be held by the system. These should show the status of each vacancy and of each applicant and should perform as much as possible of the administrative process. This will generally mean that the system should interface with a word processing system. iii) Personnel Records :These relate to identification data, current and historical salary and allowances data and various employees attributes such as grades and key dates. iv) Pensions Records :The system maintains all details of service entitlements of employees, contribution by both the employee and the organization to pension scheme, details of dependents, spouse and children, data required for actuarial purpose to verify the aviability of the scheme and details and entitlements of employees who have become pensioners. v) Training Records :These include data relating to each employees qualification, skills and experience. The system would also hold details of internal and external training courses and its relevant details. vi) Absence records :The system should allow for the recording of various absence types like sick leave, special leave etc. Input of this sub-system should be automatically reflected in the establishment sub-system. vii) Industrial relations records :The system should hold data to assist management in negotiations and planning for alternative
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74strategies. Much of this would be held for normal administrative purpose. It is the facility to extract the data in meaningful terms, to able to project forward and to test the impact of applying various rules and scenarios. (C) MIS for Financial Management : Financial management function has a primary objective of meeting the financial needs of the business. The second objective of FM is to meet the statutory compliance by way of declaring the auditing financial result, submitting reports and returns to the govt. and Tax authorities and fulfill the obligations to the shareholders. FM uses variety of tools and techniques like Break Even Analysis, ABC Analysis, Ratio Analysis, Management Accounting and Cost Analysis. Input Documents : oReceipts from customers, authorities, employees, share holders, financial institution and others. oPayment to suppliers, authorities, share holders, financial institutions and others. oData from stock exchange on the shares prices consolidated financial results of the other companies etc. Transactions are payments and receipts and they are documented through journal vouchers, bills, debit notes, credit notes, receipts and transfer documents. Application of Financial Management Information System : The major application of financial management information system includes financial accounting system, which accounts for the financial transactions of the company and produces financial results for the company. It produces balance sheet for the company where the performance of the company is published in standard format prescribed by the govt. The
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  • Spring '16
  • Unknown
  • MIS

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