How do financial information systems function in my business?

How would I use a financial information system in my business?


Financial accounting information vs. managerial accounting information


How would financial information change my business?|||The business requires FIS that suits its and legisaltive needs... points to consider are tax reports, cash flow reports, vouchers feeded and cancelled, inventory report, daily position of cash and cash equivalent etc....





Secondly.... Financial Accounting is for reproting to the shareholders... (accoutning standards are follwoined)


Management reporting is to the mangement.... this depends upon what management requires.