inflation in fiji COLLEGE OF BUSINESS‚ HOSPITALITY AND TOURISM STUDIES DEPARTMENT OF ACCOUNTING ACC501: COMPUTERISED ACCOUNTING MAJOR GROUP ASSIGNMENT: 15% Trimester 1‚ 2013 Total Marks: 50 Due Dates: 2nd April‚ 2013 Instructions: 1. You are required to do this assignment in pairs (2 people) and submit one copy of assignment on due date‚ (2/04/2013). 2. Any assignment submitted after due date will not be marked. 3. Students unable to find group partners should inform unit
Premium Balance sheet Depreciation Accounts receivable
------------------------------------------------- INTRODUCTION Name and official Address of the Firm Sky Cable Tagum is located at Door 3‚ Valle Bldg. Osmeña St corner National Highway‚ Tagum City‚ Davao del Norte‚ Philippines. Area of operation Area of operations of Sky Cable are in Metro Manila (Sky Cable‚ Destiny Cable‚ Global Cable and Cable link); Angeles City‚ Pampanga (ACCTN); Pangasinan (USATV); San Jose del Monte‚ Bulacan (SPC Cable); Laguna (Royal Cable‚ Telmarc Cable); Aklan
Premium Cable television Digital cable Accounting software
Company maintains a system of internal controls to provide reasonable assurance that assets are safeguarded and that the book and records reflect the authorized transactions of the Company. Oversight of management’s financial reporting and internal accounting control responsibilities are exercised by the Board of Directors‚ through an Audit Committee that is comprised solely of independent directors. The SEC on October 24‚ 2011 filed a Complaint against‚ and proposedsettlement with‚ Koss Corporationand
Premium Audit Financial statements Internal control
Completion of Accounting Cycle Part 1 Chapter 4 – Adjusting the accounts and preparing financial statements Discussion Question 4.1 How is profit determined under (a) the cash basis of accounting and (b) the accrual basis of accounting? Discussion Question 4.2 Explain why the purchase of supplies is usually recorded in an asset account rather than in an expense account. If supplies were expensed when purchased‚ which accounts should be debited and which credited at the end of the period in order
Premium Generally Accepted Accounting Principles Accounts receivable Double-entry bookkeeping system
Course Profile ACCTING 7019 ACCOUNTING CONCEPTS AND METHODS (M) 1. GENERAL COURSE INFORMATION 1.1 COURSE DETAILS Course: ACCTING 7019 Accounting Concepts and Methods (M) Coordinating Unit: Business School‚ Faculty of the Professions Teaching Period: Semester 1 Level: Postgraduate Coursework Location/s: North Terrace Units: 3 Contact: Up to 4 hours per week Prerequisites: Not applicable Corequisites: Not applicable Incompatible: ACCTING 7000 Assumed Knowledge: Not applicable Restrictions:
Premium Financial statements Accounting software International Financial Reporting Standards
servicing and parts‚ and have won a number of national awards in these areas. Principles of Internal Control 1 Demonstrate an understanding of the role of accounting within the organisation 1.1a There are various accounting functions within the Listers Group that deal directly with the department on site.These include Sales‚ Parts‚ Site Accounts‚ Administration and Workshop. The purpose of the onsite Accounts team is to process direct invoices
Premium Accounting software Cash flow
offered him chances to manipulate the numbers • Ineffective accounting procedures that do not tie recorded purchases to receiving data - The sales reps often jotted the details of a transaction on a piece of scrap paper and entered information later either by themselves or others. • Unrestricted access to the computerized accounting system - Unit’s sales manager‚ two sales reps and bookkeeper had unrestricted access to the accounting system. • Lack of separation of duties - Sales reps had direct
Premium Procurement Internal control Supply chain management terms
was limited and almost incomprehensible formal system.” Sarah Arthur‚ the company’s accountant‚ had complete autonomy over the company’s information‚ and she kept this information private. * AirTex was in need of a more formalized accounting system‚ since accounting was a central department of the company‚ and profitability was a key measure to ensure the success of the company at the time of the takeover. * Also‚ Ted and Frank had plans to dispose of Sarah Arthur‚ who was acting manager upon their
Premium Management Accounting software Control system
Faculty of Business Studies BE-210 TMA-1 DUE DATE 26th December Part A: Essay Questions (25) 1. Define accounting. Accounting is the information system that measures business activity‚ progress the data into reports and communicates the results to decision makers. And accounting is the language of business. The better you understand the language of business the better you can manage your own business. For example‚ how will you decide whether or not to borrow money? You
Premium Accounts receivable Generally Accepted Accounting Principles Corporation
Final Exam ACC/340 Accounting Information Systems I Week 5 The point value for the Multiple Choice is 1 point per question each for a grand total of 20 points. If you have any questions please let me know. Thank you and good luck. 1. The “S” in the acronym “AIS” stands for: a) Standard b) System (X) c) Symbol d) none of these 2. Which of the following is true? a) An AIS must be computerized to be useful b) An AIS always produces useful information
Premium Balance sheet Accounting software Internal control