chapter 1 accounting information systems: An overview Suggested Answers to Discussion Questions 1.1 The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you‚ or any organization‚ ever produce information if its expected costs exceeded its benefits? If so‚ provide some examples. If not‚ why not? Most organizations produce information only if its value exceeds its cost. However‚ there are two situations
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receivables follow: Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances. Step-2. Select Accounts for Confirmation Auditors have used‚ and some continue
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pricing policies. They will use the financial accounts and ratio analysis‚ budgets are also an important source to management to identity possible future problems. Employees are people hired by the company. They are interested in profitability and the company’s future prospects that will effect their job security and future salary negotiations. They will use the cash flow statement that as a guide to future prospects‚ also trading‚ profit and loss account and profitability ratios can be used by them
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Survey of Various types of Bank Accounts‚ rate of interest offered Mr. Pinto (name changed on request) of Axis Bank Limited of Nerul Branch was very co-operative when I visited their branch and introduced myself as a 10th Std. student of Ryan International School‚ Nerul and inform my purpose of visit of carrying out a survey on various types of bank accounts available and commonly used in India. He offered me a place to sit and called for water and request to give him some time to complete his
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seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35‚000 in cash‚ $125‚000 in inventory‚ $70‚000 in accounts receivable‚ and $65‚000 in accounts payable. During the slow winter period the firm holds $10‚000 in cash‚ $55‚000 in inventory‚ $40‚000 in accounts receivable‚ and $35‚000 in accounts payable. Calculate Icy Treats’ minimum and peak funding requirements. Answer: E15–3 Mama Leone’s Frozen Pizzas uses 50‚000 units of cheese per year. Each
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first place. People like David Ogilvy‚ Bill Bernbach‚ Claude Hopkins and Rosser Reeves were all outstanding planners. No one has a guaranteed formula when it comes to account planning. One thing that all these experts have in common is that they understand people. The easiest way to answer this question is simply to say that account planning is about having consumer focus and providing the client with the right advertising. In other words‚ the planner plays and important role in creating a deeper
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National University of Singapore NUS Business School Department of Accounting ACC1002X Financial Accounting Syllabus Course: Financial Accounting (ACC1002X) Semester 1 of Academic Year 2012/2013 Section 1: Friday 10:00am – 12:00pm Section 2: Friday 2:00pm – 4:00pm Semester: Lecture Time: Lecture Venue: BIZ2 Lecture Theater 16 Teaching Team: Name Dr. Aimee SHIH Dr. MA Guang Belinda LEE Andrea LOW Philip TOH Role Lecturer (Coordinator) and Tutor
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Constructing an Account of an Argument In the article "Against School" (2003)‚ John Taylor Gatto debates that mandatory school is not educating our children but instead the schools are teaching them how to be manageable. He supports his claim by giving us personal accounts of what he has seen‚ examples of people who have been successful in life whom were not subject to the school system‚ and he also gives us text from other authors who support his views. Gatto’s purpose is to inform his readers
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Volume 3‚ No. 3‚ March 2012 Journal of Global Research in Computer Science TECHNICAL NOTE Available Online at www.jgrcs.info FAST AND EFFICIENT METHODS FOR PROFIT & LOSS RELATED PROBLEMS (FEM-PLRP) Gaurav Dobriyal* Dept. Of Computer Science‚ Dev Bhoomi Institute of Technology‚ Dehradun (U.K.)‚ INDIA dobriyal.gaurav74@gmail.com* Abstract: This is one of the important or frequent asking lessons in all written examination. In this paper I try to give some of the effective tricks to solve
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An account of assessment in the LLS Joseph McKay 31 July 2012 1.1 Explain types of assessment used in lifelong learning. Initial assessment This takes place prior to the commencement of a particular programme or subject. Relevant initial assessment activities will give the teacher information regarding the learners‚ eg‚ any specific assessment requirements or needs they may have‚ their learning style‚ or any further training or support
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