The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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What is internal control? It is the organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper
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Dr. Norman Bethune Dr. Norman Bethune is one of China’s most famous heroes‚ but he was not a Chinese‚ he was a Canadian physician‚ a member of the Communist Party of Canadian. He gave his life to help Chinese people. In China‚ he has a Chinese name Bai Qiuen. In China‚ Just went to school will certainly know Bethune‚ so are household names‚ because of his great spirit‚ Chinese President Mao Zedong personally wrote Bethune article‚ and the article into primary school textbooks‚ let all the Chinese
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Norman Foster Norman Foster is a major contributor to twentieth century architecture both in the westernworld and further afield. After starting his studies in architecture over 50 years ago he has designeda range of buildings (and bridges) and continues to produce outstanding designs today. Aswell asexploring Foster’s career this essay will focus primarily on two of Foster’s buildings‚ Creek VeanHouse in Cornwall and the Willis Building in Ipswich (originally the Willis Faber and DumasHeadquarters)
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Jordan Harris Intro to GLBT Studies March 8‚ 2015 Harvey Milk 1. Harvey primarily spoke about the strong need for individuals in the LGBT community to come out. He elaborated that this was significant because if other saw that LGBT people were more prevalent a closed society could be a more open one. If more people were out the LGBT individuals still in the closet could see that there is hope and the word is moving in the right direction. 2. Harvey Milk led a relatively normal life growing up in New
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES DEPARTMENT OF ACCOUNTING COURSE SYLLABUS FALL SEMESTER 2011/2012 COURSE: Title: ACC471— Accounting Information System Instructor:Dr. Iaad Sartawi Class Time: Section (1) – 8:00-9:00 Sunday‚ Tuesday‚ & Thursday. Section (2) – 10:00-11:00 Sunday‚ Tuesday‚ & Thursday. Section (3) – 8:00-9:30 Monday & Wednesday. Class Room: LAB 104A Office Hours: 11:00-12:00 Sunday‚ Tuesday‚ & Thursday. 9:30-10:30
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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Archie Norman and his top management transformed not only the operational aspect of Asda‚ but they also took steps to change the core organization behavior. For any organization that is going through a transformation‚ the first six months are usually the most difficult. How the leaders handle that initial period makes a great deal of difference for the employees and the overall organization itself. Norman and his top management did a tremendous job in handling this initial period. Norman might
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