Management Information
System (MIS) is a compulsory subject that I have to study during semester 2 for
my course : Accounting & Finance. Both my lecturer and tutor, Mr. Choo Wou
Onn and Dr. Ho Ree Chan have taught me a lot of knowledge regarding to the
subject and has made the dull subjects more interesting to be learning during
lecture and tutorial classes.
After 11 weeks of learning the subject, I have understood
that what is actually an information system and how does it helps enterprise in
growing their business in the competitive world. As we are slowly moving into
an electronic world, businessmen are trying to imply information system to
replace all the traditional methods as it effectively cut down the cost and the
time consumed so that they are able to compete with their rivals. We cannot
deny the facts that information systems actually contribute to prosperity of
business, provided it is being used wisely and safely. Otherwise, it may lead to
turnover of a company eventually.
We were split into groups and were assigned to complete a
video assignment which contributed 25% to our assessment. The aim of this task
is to encourage us to explore and understand the role, importance and issues of
information system today. After a series of discussions with my group members,
we have decided to come up with the payroll system, which belongs to the
transaction processing system (TPS). TPS is a computerized system that performs
and records the routine transaction necessary to conduct business.
While doing the assignment, I have gained a lot of
knowledge of the payroll system. Payroll system is a system which keeps track
of money paid to employees. The employees’ timesheet, name, identity number,
and number of hours work per week represent a single transaction for the
system. All the data are combined in various ways to create reports that are
essential for specific departments. Payroll systems reduce management costs,
liability and burden of administrative departments so that works can be carried
out more effectively and efficiently. This increases the performance and profit
of a company as well.
Furthermore, it can also be used to take care of taxes on
time. It will automatically and accurately remind employers to pay those taxes
punctually so that no deadline is missed to avoid fine. It also helps to keep
track of employees’ information so an employer can easily access to all the
payment histories of that particular employees.
Lastly, we actually do not face huge problem while
dealing with the video as we have assigned our task earlier. I have learnt that
responsibility and full cooperation are really important while doing work
especially when it comes to group work. A good piece of work cannot be produced
if one of the members does not cooperate well with other members. So we always
discuss our problem patiently and solve it by picking the best suggestion. I am
sure that I will have an edge over others by learning this subject when I am to
work in the very near future.
