Effect of I.T on Accounting System in Nigeria 1.0 Introduction Information Technologies significantly affect human as well as other animal species’ ability to control and adapt to their natural environments. The human species’ use of technology began with the conversion of natural resources into simple tools. Information technology (IT) has created significant benefits for various profession as well as deferent aspect of the world economy. The application of the networks system has shortened
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Goal: Seek to grow in the field of accounting by gaining knowledge of the ongoing changes in the accounting environment. The master’s course in accounting shall further help me reach my goal to become a CPA. Statement of objective: After more than 6 year’s full time work experience in the field of accounting with various reputed firms like XYZ‚ ABC‚ PQR and a little over 2 years of volunteering experience with a CPA firm in accounting‚ I want to return to academic study and undertake graduate
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Department of Accounting Detailed Syllabus of Third Year Four-Year B.B.A. (Honours) Course Effective from the Session: 2009–2010 National University Syllabus for 4 years BBA Honours Course Subject : Accounting Third Year (Honours) Third Year: 32 Credit Hours Course Code COURSE TITLE Marks Credit Hours Audit and Assurance 100 4 Advanced Accounting-I 100 4 Cost Accounting 100 4 Management Accounting (in English)
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Management by Objectives What is MBO? Management by Objectives (MBO) is also known or referred to as Management by Results (MBR). Management by Objectives is a process whereby the objectives in an organization are defined in order to help the management of the organization and the employees to agree on the same. The concept and the term was coined and popularized by Peter Drucker in the book‚ The Practice of Management in the year 1954. The essence of management by objectives lies in mutually
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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Institute of Accountants has approved this Guideline for publication. These guidelines have been adapted by the Internal Audit Committee of the Malaysian Institute of Accountants from the publication "Guidance for Internal Auditors" issued in June 1990 under the aegis of the Consultative Committee of Accountancy Bodies (CCAB) in the United Kingdom. These guidelines provide advice to internal auditors on the main issues and procedures which they need to consider as part of their work in both the commercial
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Howard Street Jewelry Accounting Case Study on Internal Controls 1. The main internal control concept the Levis ignored was segregation of duties. No one person should be responsible for all transactions from the beginning to the end. Betty had too many responsibilities that were interwoven and should have been performed by more than one person. She handled the cash that came in‚ maintained the cash receipts and the sales records. Another concept that this relates to is that no one
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a month – good (Store is signing a large degree of new business every month) | The Telstra store should endeavour to sign up new customers each month. Signing new business will ensure store financial growth both short-term and long-term. | | Internal Business Process Perspective | | Operational Efficiency | To minimise downtime spent during operational processes. | Speed in which certain processes are completed in. | Product repairs returned to customer within two weeks of faulty product
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African Journal of Business Management Vol. 7(4)‚ 260-264‚ 28 January‚ 2013 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM12.1307 ISSN 1993-8233 ©2013 Academic Journals Full Length Research Paper Accounting information systems in the fast food industry: A valuable tool for small business survival Thembelihle Allah‚ Puleng August‚ Siphamandla Bhaza‚ Tinashe Chigovanyika‚ Unathi Dyan‚ Tinashe Muteweye‚ Mandisi Ngcoza‚ Neliswa Tshiwula‚ Vuyiseka Qambela‚ Yanga
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What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
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