Question

Question 2

1. Give three categories of management information and provide two qualities or characteristics of    each category, and an example of each category.
2. In a tabular format given below, name the three basic levels of financial information systems in a typical business organization and state in each case the kind of support that each give to management in decision making. Provide two sub-systems under each level.

Basic Level	Support to Management	Sub-systems

Answer 1

1) Financial information ( example : inancial statements)

Exactly, on time, complete, in the local coin, comparative, reliability

2) Control information (example :procedures manuals )

including all the company, analitics, with KPI´s, relevance

3) Organization information (examples: charters, position descriptions

authorized, complete, aligned with the vision of the company

Basic Level	Support to Management	Sub-systems
Financial statements	CEO, board of directors for analisys of cost efectiveness, investments , capitalization or loans decisions	Balance Sheet
Income statement
Statement of Changes in Equity
Statement of Cash Flows
Secondary financial statements	finance directors, decision about cash flow, treasury , investmens funds, credit internal policies	fixed assets information
accounts receivable aging reports
accounts payable aging reports
taxes reports	taxes decisions, external audits, tax planning	work sheets of different taxes