scarce resource and add value‚ all those kind of issues should be considered in planning stage and adjust its flexibility in order to realising that strategic intent. Question 2 What are the principal reasons for strategic management and thinking? Strategic management plays an important role as it helps in setting detailed goals‚ analysing all our internal and external resources‚ analysing our external environment‚ as well as stakeholder views. If a company want to survival of the fittest‚ then
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taxes | | 1600000 | Income Taxes 30% | | 480000 | Net income | | 1120000 | Scenario: The sales agents want sales commissions increased to 20%‚ this will caused the commission to agents would increase to $3‚200‚000 (20%X $16‚000‚000). The management of Pittman Company suggested to employ company’s sales force and incurred $2‚400‚000 fixed costs for the sales force. Besides Pittman Company would also save $75‚000 a year because no need to pay the audit firm for check out the agent reports‚ so
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Executive Summary Accounting information system is an extremely important role in the enterprise management. As technology advances‚ the system software is constantly improving‚ constantly enhance the function of the system‚ thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious‚ how is the fastest way to management to provide the latest information to help decision-makers analysis‚ forecasting‚ decision-making‚ improve
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Discussion I. I. Accounting information system is a combination of collecting‚ recording‚ storing‚ and processing data of a business. The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained‚ “at the start of the 21st century‚ business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizations
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Accounting Information Systems Article Critique Introduction In the modern business management‚ information technology has become a very important tool‚ which has been used in different fields. As the branch of information system‚ accounting information system is the most important economic information in the enterprise; it continual‚ systematic and comprehensive reflects and supervises the condition of business. The purpose of this paper is to review one article and to discuss three relevant
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Chinese accounting system has a rapid changed during the past decades‚ whatever it changes‚ the identity of Chinese accounting form is obviously shown to the world. Professionalism vs. Statutory Control “Even after the recent reforms ···accounting practices remain that reflect the state-controlled nature of the Chinese economy”（Adhikari‚1995‚Accounting for China） In China‚ accounting law is established by The Department of Administration of Accounting within the Ministry of Finance‚ accounting profession
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Accounting Information System Overview a) Define Accounting Information System (AIS) (3 marks) An accounting information system is a collection of data and processing procedures that creates needed information for its users. It also can define as the information subsystem within an organization that accumulates and processes information from the entity’s various subsystems and communicates this information to the organization’s users. b) Compare and contrast between
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An accounting information system is system that keeps record for a business to maintain its accounting system. Accounting information systems combine the study and practice of accounting with the design‚ implementation and monitoring of information systems. The use of such systems uses modern information technology resources together with traditional accounting methods to provide the users with the necessary information to manage their Organisation. Accounting information systems has its strengths
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computerized system designed to perform one or more dedicated functions is often times with real-time computing constraints. It is also designed to do some specific task‚ rather than be a general-purpose computer for multiple tasks. The traditional view of small business record keeping suggests that it is paper based and filed in a shoe box until such time that it is placed in the hands of the accountant for the preparation of the annual taxation return. Over the years the accounting profession
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Chapter 1 Accounting Information Systems and the Accountant True-False Questions 1. The acronym AIS stands for “Accounting Information Standards.” 2. Accounting information systems must be computerized to be effective. 3. It is best to view an AIS as an accounting system that must be computerized. 4. AISs often create information that is useful to non-accountants. 5. In order to be useful‚ raw accounting data must be processed by a computer. 6. The path that data follow in an AIS‚ for
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