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 Monday & Wednesday. Office No. E-329 (Faculty
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Chapter 14 Financial Statement Analysis True / False Questions 1. Vertical analysis compares the results of financial information with a business in the same industry for a number of consecutive periods of time. True False 2. The quick ratio is especially useful in evaluating the liquidity of a company with fast moving inventories. True False 3. Deducting the cost of goods sold from net income gives us operating income. True False 4. The gross profit rate is
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front chapter 10 Compared to other chapters the language used is more engaging and assay the emotional experience of the war not only by soldiers but by civilians caught in the crossfire. However the first half of this chapter focuses on a lighter note with the group guarding a supply dump also giving them a chance to sleep and eat; Remarque overemphasizes the fact that sleeping and good food is a luxury to the soldiers. Bitter comical moments seem to take place in the start of this chapter which
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Chapter 10 focuses on the environment and development. Many of the effects of development impact the environment greatly‚ and these negative externalities tend to fall on poor people who don’t have the resources to escape the conditions. The chapter opens with a quote from Nicholas Stern that reads‚ “The poorest developing countries will be hit earliest and hardest by climate change‚ even though they have contributed little to causing the problem.” I wanted to talk about this quote and what exactly
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Chapter 1 Cost Accounting: Information for Decision Making Solutions to Review Questions 1-1. Financial accounting is designed to provide information about the firm to external users. External users include investors‚ creditors‚ government authorities‚ regulators‚ customers‚ competitors‚ suppliers‚ labor unions‚ and so on. Cost accounting systems are designed to provide information to internal users (managers). This difference is important‚ because it affects the design of the systems. Financial
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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Performing background checks on employees- safeguarding assets I. Reconciling the bank statements monthly-ensuring financial statement reliability J. Requiring all management employees to take annual vacations-promoting operational efficiency. 10) 1) The computer center was located on the first floor of a building that had two stories- this could pose several risks to the computers. Foremost being flooding. This also allows for easier access for anyone trying to physically break into the system
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Chapter 12 Fundamentals of Management Control Systems Solutions to Review Questions Accounting assigns costs and revenues to “responsibility centers” that correspond to the decision authority of managers. This allows the firm to measure performance based on the results of decisions by the manager. An effective corporate cost allocation system separates the results of decisions by corporate managers from those of business unit managers. Although there are well-developed standards for many
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Intermediate Accounting 1 (3367) -- Fall 2012 Research Assignment Questions Directions: Type your answer starting on the line after each question. 1. FASB Accounting Standards Codification FASC a. When did the FASC Codification become effective? The FASC became effective for interim and annual periods ending after September 15‚ 2009 even though the authoritative version of the Codification was released on July 1‚ 2009. b. Did the FASC change prior GAAP? The FASC did not change prior
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Chapter 10 - Vocabulary alist (adj.): tilted to one side articulate (adj.): able to speak and express oneself attributes (n.): characteristics; qualities of a person or thing bout (n.): fight corncribs (n.): A corncrib is a small structure used to store corn. crook (of his arm) (n.): The crook of your arm is the inside part of your arm where it bends at the elbow. erratically (adv.): strangely; differently than normal feeble (adj.): weak; frail gingerly (adv.): carefully; cautiously inconspicuous
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