1. Describe the general accounting process. The accounting cycle process includes the steps below: a) Recording each transaction in the form of a journal entry. b) Posting the amounts from the journal entries to individual balance sheet and income statement accounts in a general ledger. c) Making adjusting journal entries to the accounts to correct errors and to reflect the financial statement impacts of items that occur because of usage or the passage of time. d) Preparing the income statement
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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
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within company to company accounting and Accounting Information Systems (AIS) will play a big role in financial management and decision making. The degree of value and how usable an AIS is depending on if the system is custom‚ outsourced or boxed. In this paper I will talk about just that. You will find out if the company should keep‚ change‚ modify or outsource and what will be the advantages and disadvantages of doing so. Analyze the need for changing to a new system and the potential benefits
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HACKING AND IMPLICATIONS FOR COMPUTERIZED ACCOUNTING INFORMATION SYSTEM Introduction Along with the growth of computerized accounting information system (CAIS)‚ the threats to the security of these systems have also grown. One such threat is hacking. In the recent years hacking has become a serious concern for businesses. Although‚ most hackers claim that they indulge in this activity for intellectual challenge‚ this is not always the case. In this paper we learn that hackers attempt to bypass the
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PROJECT PROPOSAL TITLE: ICT AND ACCOUNTING INFORMATION INTRODUCTION: We are in an era referred to as the JET AGE; an era where people are no longer interested in cars; they will prefer to fly‚ why? Basically because it is more comfortable and faster. An era that people will not want to try by guess work‚ everyone wants to be sure of the outcome of their actions. It is a generation that pays attention to speed and accuracy. It is pertinent to account for our resources as humans either as individuals
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contents: I. Company Introduction A. Introducing‚ Mitsubishi Motors Europe BV (MME) B. Research Question II. Research & Methods C. Explanation of the current budgeting process D. Description of the accounting information system E. Analysis of the costing process III. Discussion F. Description of the capital decisions G. Debate upon capital acquisitions and structure IV. Conclusion H. Brief review of discussed contents
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COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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Information System plays an influential role in determining the success of an organisation. The function of the information system is to collect‚ store and process data into information‚ through the assistance of a set of interrelated components. The processed information is later distributed to support decision making in an organisation (Oz‚ 2006). Information system can be decomposed to two main elemental subsystems namely as Accounting Information System (AIS) and Management Information System (MIS)
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Success Factor | Formulation of goal | Indicator | Measurement | Methodology | | Financial Perspective | | Revenue growth | To ensure that the Telstra store is constantly growing in financial terms. | Quarterly store revenue growth | Quarterly store revenue growth between 1% and 2% | The store’s revenue should increase at least 1% per quarter. By ensuring fiscal growth‚ the Telstra store will ensure that it is constantly developing and establishing itself as a forefront in Telstra stores
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potential accounting information system. My first step was to take inventory to determine the requirements needed for a new accounting information system and if a new one is needed. At this time‚ I was looking at the company’s current system to see if their goals were not being met. I met with the board of directors and upper management‚ and it was determined that the
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