| ACCOUNTING PRINCIPLES | | | Meaning of Accounting Principle | | Principle means a general law or rule adopted or professed as a guide to action ‘a settled ground or a basis of conduct or practice’. The word ‘Principle’ when applied in accounting may have different meanings in different contexts. It is not used in the sense of a fundamental accounting truth – it connotes a guiding influence or an accepted rule of action or conduct. Accounting principles have been defined as the body
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CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW Learning Objectives: 1. Distinguish between data and information‚ discuss the characteristics of useful information and explain how to determine the value of information 2. Explain what an accounting information system (AIS) is and describe the basic functions it performs. 3. Discuss why studying accounting information systems is important. 4. Explain the role an AIS plays in a company’s value chain and discuss
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An 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. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available
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Fine Foods - Accounting System Eric Raymond BSA/310 September 3‚ 2012 Dr. Marcia Reid Kudler Fine Foods - Accounting System The purpose of this paper is to describe the value of a new accounting system for Kudler Fine Foods. The author will cover the key features‚ core technology‚ benefits‚ and cost of the proposed system. In businesses today‚ it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore
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Kudler Accounting System Paper Darrell L. Jones BSA/310 February 8‚ 2014 Sharon Foreman‚ PHD Kudler Accounting System Paper Introduction This paper is designed to show and describe the importance of a new accounting system that is desperately needed by Kudler Fine Foods. The company is continuing to grow in revenue‚ but the accounting system is not able to keep up with the growth of the company. Due to the growth of the company Kudler management should consider integrating a more
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AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY History has it that the concept of accountability of public funds dates backs to the history of ancient Greece. As old as theory is‚ it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it‚ this makes the subject‚ government accounting to remain a myth. Accounting in the public sector has received such a wide attention from
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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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Contents Introduction 2 The definition of Confucianism 2 Implications of Confucianism for East Asian accounting 4 The reform of Chinese accounting 5 The influence of Confucianism in Chinese accounting 7 1.) The Government 7 2.) Accounting Ethics 7 3.) Conservatism 8 Japanese Accounting and Confucianism 8 Conclusion 11 References 13 Introduction In order to understand the present day accounting methods and principles of China and Japan it is essential to understand the history of both of these
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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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Search... Log In Sign Up Data Models of Accounting Information Systems Uploaded by Igli Hakrama 1 of 2: hakrama_ersoy_AB0... top 3% 5‚373 Download Akademik Bilişim’09 - XI. Akademik Bilişim Konferansı Bildirileri 11-13 Şubat 2009 Harran Üniversitesi‚ Şanlıurfa Data Models of Accounting Information Systems REA vs. IAC Igli Hakrama‚ Ahmed Fatih Ersoy Epoka University Computer Engineering Department‚ Tirana / Albania iglihakrama@epoka.edu.al‚ afersoy@epoka.edu.al Abstract:
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