Effective Accounting Information Qualities of Effective Accounting Information Accounting information contains qualitative characteristics that make it useful to existing and potential investors‚ lenders‚ and other creditors for making decisions about an organization. A decision maker needs to determine which alternative provides the most useful information for decision-making purposes (Kieso‚ Weygandt‚ & Warfield‚ 2007). To make the information useful‚ effective accounting information needs
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Chapter 5 The Expenditure Cycle Part 1: Purchases and Cash Disbursements Procedures Accounting Information Systems‚ 5th edition James A. Hall COPYRIGHT © 2007 Thomson South-Western‚ a part of The Thomson Corporation. Thomson‚ the Star logo‚ and South-Western are trademarks used herein under license Objectives for Chapter 5 • Tasks performed during purchases and cash disbursement processes • Departments involved in purchases and cash disbursement activities and the flow of these transactions
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QUESTION 1 25 MARKS The following is Whisky Traders’ Trial Balance at the end of its first year of trading‚ 31 August 2010: R R DR CR Bank Overdraft 93 000 Buildings 500 000 Capital ? Petty Cash 3 000 Creditors Control 50 000 Debtors Control 60 000 Equipment 90 000 Investments 90 000 Long term Loans 200 000 Motor Vehicles 120 000 Inventory 200 000 Retained Earnings 420 000 1 063 000 1 063 000 However the following transaction has not yet being taken into account: • A delivery vehicle
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Ph.D.‚ CPA Professor‚ Accounting & Information Systems Program‚ School of Management University of Alaska Fairbanks 225E Bunnell Hall‚ PO Box 756080‚ Fairbanks‚ AK 99775-6080 Office: 907 474-5872; FAX: 907 474-5767; Cell: 907 978-2094 Email – mldavis@alaska.edu TEACHING INTERESTS‚ RESEARCH INTERESTS Primary teaching interests – graduate or undergraduate – focus on financial‚ intermediate‚ advanced‚ financial statement analysis and accounting theory Research concentrates
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Key Concepts of Information Systems in Global E-Business and Collaboration The three most important information systems (IS) concepts introduced in Chapter 2 of Laudon and Laudon (2014) were (a) the business processes of information systems‚ (b) the types of information systems‚ and (c) systems for collaboration and social business. Three Most Important IS Concepts Business Processes and Information Systems Summary. According to Laudon and Laudon (2014)‚ for a business to operate‚ there would
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Accounting Information Systems: An Overview The ’systems’ concept was created in order to minimize common errors such as duplications and‚ overall‚ encourage ‘integration’. Systems are almost always composed of subsystems‚ which are in charge of specific functions needed to support the larger organism. Subsystems are expected to follow the main organization’s goals even if it implies not meeting their specific targets. The value of the information reported by an entity is the difference between
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Maslow’s Hierarchy of Needs Antonio Hogan Grantham University January 06‚ 2015 Abstract The hierarchy of needs is known for the theories of human motivation. Created by psychologist Abraham Maslow‚ the hierarchy of needs is often shown as a pyramid‚ with the more basic need at the bottom and the more complex need at the peak. The lowest-level are referred as the deficiency needs that are due to the lack of something and needs to be satisfied in order to avoid an unwanted feelings
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Accounting for Merchandising Business A. Comparison of Income Statement Service Company Net Income = Revenues – Expenses Merchandising Company Net Sales - Cost of Goods Sold = Gross Profit/ Margin from Sales Gross Profit/ Margin from Sales – Operating Expenses = Operating Income Operating Income – Finance Costs = Net Income Sample Problem: Carlito Delights Income Statement For the Year Ended December 31‚ 2013 Net Sales P 2‚393‚250 Cost of Goods Sold 1‚313‚600 Gross Profit from Sales
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AA101 – ACCOUNTING I Academic Year : 2010-2011 Course Coordinators : Dr Harshini Pushpika Siriwardane Mr. Hu Kin Hoi Billy Pre-requisites : Nil No. of AUs : Semester : Other Instructor(s) : 4 2 Course Description and Scope Accounting is the language of business. This course aims to provide students with a broad understanding of business‚ the role of accounting in business‚ the analysis‚ recording‚ summarizing‚ and reporting of business transactions
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cafe or cigar lounge. * Business license * Permits * Barista training * Hookahs * Shisha * Accessories * Furniture * Food and beverage suppliers * Find a location near a college or university‚ as hookah lounges are popular with young people. * 4 * Purchase hookah and shisha supplies: tongs‚ bowls‚ covers‚ hoses‚ coals‚ shisha‚ hookahs‚ as well as refrigerators‚ stainless steel prep tables and coolers (if serving food and beverages). Visit Hookah-shisha
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