The Basic Functions of an Accounting Information System. An accounting information system (AIS) provides financial information about a business. This information helps managers plan and control operations and provides reports to outside parties such as stockholders‚ creditors and government agencies. Parts of an accounting information system might include financial reporting‚ cost accounting‚ management accounting and enterprise resource planning (ERP). A well-designed AIS gives a business
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An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase‚ sales‚ and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors‚ creditors‚ and managers) with information to make decision While this was previously a paper-based process‚ most modern businesses now use accounting software such as UBS‚ MYOB etc. Information System personnel need basic
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1. Discuss the origins of the technology make the current accounting system available. 2. Define an accounting system. An accounting system is a system that identifies‚ records‚ communicates information that is relevant‚ reliable‚ and comparable about an organizations business activities. 3. List and describe the components of accounting information system. Technology People Data Input and Output Internal Control 4. Discuss the FASB conceptual framework. Assets: A resource
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INSTRUCTOR’S RESOURCE MANUAL CHAPTER TWELVE Resource Management To Accompany PROJECT MANAGEMENT: Achieving Competitive Advantage By Jeffrey K. Pinto CHAPTER 12 PROJECT PROFILE – The Road to “Green:” Converting a Power Plant INTRODUCTION 12.1 The Nature of Resource Constraints on Projects 12.2 Resource Loading 12.3 Constrained Projects 12.4 Resource Leveling Projects Step One: Develop Resource Loading Table Step Two: Determine Activity Late Finish Dates Step Three: Identify
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controlling‚ decision making * Information process: * person made system that consists of an integrated set of computer-based and manual components established to collect‚ store and manage data and to provide output info to users. * Interactions and relationship: * info process assists operations by maintaining inventory records and customer data. * info process enables management to monitor the operations process and operation and accounting related processes can be integrated
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great leaders are vying for the affection of all of America. On the left side we have our current president Mr. Barrack Obama and on the right side his opponent Mr. Mitt Romney. On paper both are outstandingly qualified candidates and both have been trusted to hold a position of leadership over large numbers of people. Mitt Romney built his foundation through a strong career in business before becoming a politician‚ while President Obama stuck to the legal side of things building up his reputation
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Accounting Information System(AIS) - is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. Components of AIS a. People - the system users - professionals who may need to use an organization’s AIS include accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers
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Chapter 3 – Ethics‚ Fraud‚ and Internal Control Fraud 1. Compare and contrast employee fraud vs. management fraud. a. Employee Fraud a. Nonmanagement employees convert cash or assets to direct employee benefit b. Management Fraud – Performance Fraud a. Does not involve direct theft of assets b. Fraud is perpetrated above which the internal control structure generally relate c. Use financial statements to create an illusion that an entity is healthier than it is d. Misappropriation of
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resources against waste‚ fraud‚ or inefficient use; ensuring the reliability of accounting data; securing compliance with management policies; and evaluating the performance of all employees‚ managers and departments within the organization. The accounting system depends upon internal control procedures to ensure the reliability of accounting data. Many internal control procedures on the other hand make use of accounting data in keeping track of assets and monitoring the performance of departments
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Sources of information gathering Primary and secondary data There are two types of data can be collected for the research‚ which are primary and secondary data. Primary data Primary data is the information collected for the specific purpose at hand. Gathering primary data might involved several approaches such as questionnaire‚ interview and observations. Compare to collecting secondary data‚ gathering primary data is more costly and time-consumed. Therefore there will be no gathering
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