objectives and the roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information
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The manual system is very time consuming.This is really only suited to extremely small restaurants because otherwise the accounting and stock control will become very time-consuming indeed. The computer technology is integrated with manual procedures. In this case the computer system will deal with billing and keep a record of which stock has come out of the business‚ but the ordering itself will be done by manual means. Most businesses tend to go for a fully integrated inventory system‚ so that the
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Information System University (IBAIS)‚ Dhaka. After the completion of all the courses of BBA program every student
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Chapter 5 The Expenditure Cycle Part 1: Purchases and Cash Disbursements Procedures Accounting Information Systems‚ 5th edition James A. Hall COPYRIGHT © 2007 Thomson South-Western‚ a part of The Thomson Corporation. Thomson‚ the Star logo‚ and South-Western are trademarks used herein under license Objectives for Chapter 5 • Tasks performed during purchases and cash disbursement processes • Departments involved in purchases and cash disbursement activities and the flow of these transactions
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harmonization of accounting system. Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements. The Generally Accepted Accounting Principles is comprised of a large group of individual accounting standards. Accounting Standards in other words can be stated as rules which govern the preparation of financial statements. They are the generally accepted accounting principles (GAAP)
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Accounting Information Systems‚ 12e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview 1) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision-making than information. D) Data and information are the same. Answer: B Page Ref: 4 Objective: Learning Objective 1 Difficulty : Easy AACSB: Analytic 2) Information
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Regulation environment:1. accounting is regulated by private-sector body(FASB)‚ but government underpins the authority of its standards. 2. no legal requirement for the publication of FS3. each state has its own corporate statutes and not rigorously enforced. Reports rendered to local agencies are often unavailable to the public4. only listed companies have compulsory requrirements for FR at the federal level as specified by the SEC. | | | | Regulation environment:1. Dutch accounting presents several interesting
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Kudler Accounting System BSA 310 05/20/2012 Kudler Accounting System To the Executives of Kudler Fine Foods‚ Today‚ I introduce to you an idea that will help revolutionize the accounting process at Kudler Fine Foods. Upon its implementation‚ Kudler Fine foods will be able to easily manage its portfolio of accounts and analyze all of its data‚ all at a moment’s notice. The ability to access reports‚ on a annually‚ bi-annually‚ quarterly‚ or any time therein‚ is completely up to the
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location has acquired their own financial and accounting system and all data input into their own systems is sent to the corporate headquarters in San Jose‚ California. They provide the information to corporate to be combined into corporates information systems. This information is provided to the San Jose location either by hardcopy reports that must be re-entered or data files that must be converted to become compatible with San Jose’s information systems. Each location employed different vendors
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1. INTRODUCTION ………………………………………..…Page 3 2. KFC CULTURE…………………………………………..…Page 4 3. MOTIVATION…………………………….………………...Page 7 4. TOP MANAGEMENT…………………….…………….….Page 7 5. SOCIAL RESPONSIBILITY……….………………….…..Page 9 6. LEADERSHIP……………………………………………… Page 10 7. RECRUITMENT & SELECTION PROCESS………….... Page 12 8. TRAINING & DEVELOPMENT PROCESS…………...... Page 14 9. PERFORMANCE OF APRAISAL PROCESS…………… Page 17 Introduction: Kentucky Fried Chicken (KFC)- one of the most known fast food chains in the
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