Usage of information technology in business Name of the conductor: Maryam Rizna Name of the field: EdHat IDM cc#3 Accreditation University Introduction Information technology is playing a vital role in this modern world. Information technology has brought the whole world in to a global village with a global economy which is increasingly dependent on the creative management and distribution of information. Globalization of world economies has greatly enhanced the values information to business
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1. Discuss the origins of the technology make the current accounting system available. 2. Define an accounting system. An accounting system is a system that identifies‚ records‚ communicates information that is relevant‚ reliable‚ and comparable about an organizations business activities. 3. List and describe the components of accounting information system. Technology People Data Input and Output Internal Control 4. Discuss the FASB conceptual framework. Assets: A resource
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Key terms Chapter 1 Abstract word: a word that identifies an idea or feeling as opposed to a concrete object Audience: the person or persons with whom you are communicating. Communication: the process of sending and receiving messages. Concrete word: a word that identifies something the senses can perceive. Connotation: the subjective or emotional feeling associated with a word. Denotation: The literal‚ dictionary meaning of a word. E-mail: a message transmitted electronically over a computer
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1 CHAPTER ONE: ACCOUNTING IN BUSINESS Chapter Outline I. Importance of Accounting—we live in the information age‚ where information‚ and its reliability‚ impacts the financial well-being of us all. A. Accounting Activities Accounting is an information and measurement system that identifies‚ records and communicates relevant‚ reliable‚ and comparable information about an organizations business activities. B. Users of Accounting Information 1. External Information Users—those not directly involved
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problem with the same data always yields the same solution. This sequence of steps is known as an algorithm. An unstructured problem is one for which there is no algorithm to follow to reach an optimal solution— either because there is not enough information about the factors that might affect the solution or because there are so many potential factors that no algorithm can be formulated to guarantee a unique optimal solution. Unstructuredness is closely related to uncertainty. 3. DSSs use models to
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Accounting for Merchandising Business Merchandising Operations 1. A merchandising business is engaged in buying goods and selling these at a profit. 2. The primary source of revenues is referred to as sales revenue or sales. 3. The operating cycle of a merchandising company ordinarily is longer than that of a service company. 4. Income is measured by cost of goods and operating expenses from sales revenue. * Cost of goods sold is the total cost of merchandise sold during the
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An accounting information system (AIS) is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available
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the email is legit and comes from a legitimate source and try to ask the customer for their account information. Database Back door attack This is when the hacker places a back door that could be done by installing a program that can give the hacker unlimited access to the database anytime which could compromise any important data such as customer personal information or even company information. The customer reward site or network Spoofing There are multiple versions of spoofing but this is when
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Solution for case: Smith’s Home Foods. Question One Smith’s Country Ham has been operating for 25 years in North Carolina in the wholesale food division‚ targeting restaurants and fast food chains. In order to increase turnover and therefore revenue‚ Smith’s decides to introduce a new product line: Smith’s Home Food. A product line containing 11 packages sold to households and including all kinds of foods: meat‚ vegetables‚ fruits etc. lasting for a period of 4 months. The prices of these packages
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ACTG378 AP Database Assignment This assignment will give you practice creating database tables and creating queries. Imagine you are helping set up the database tables for a new Accounts Payable (AP) system. This individual database assignment you will be expected to: * Do additional verification queries by creating queries using the Access visual interface * Explain the SQL code generated by these additional queries * Make appropriate modifications to existing Create Table
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