ACCOUNTING ENVIRONMENT Learning Outcomes At the end of this chapter the students should be able to: Explain the meaning and purpose of accounting Describe the role of accounting as a information system Describe why accounting is considered as the language of business Assess the impact of external environmental factors on accounting Introduction Accounting has evolved and emerged as most other fields of human activity in response to the social and economic needs of society
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1. Distinguish between internal control in a CIS environment and in non-CIS environment. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit; whether that computer is operated by the entity or by a third party. Many of the control procedures used in manual processing also apply in a CIS environment. Examples of such control procedures include authorization of transaction‚ proper segregation
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References: The Open University (2010) E100 communication and language Study Topic 13‚ Milton Keynes‚ The Open University The Open University (2010) E100 Developing positive learning environments Study Topic 10‚ Milton Keynes‚ The Open University
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Environment and the Media In this world‚ the human population consists of 7 billion people who are varying in location to 7 separate continents‚ with 196 different countries among them. One thing that we all have in common is that we all share one single world. With a net population of growth this year‚ thus far‚ of 77 million people and counting (Real Time World Statistics)‚ there is one common‚ underlying problem; the care of the environment. Some problems may seem
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BUSNESS ENVIRONMENT Acknowledgement First and above all‚ I praise almighty Allah (subhana wa taala) for endowing me with health‚ patients and knowledge to complete the assignment successfully. I am extremely grateful to my parents for their love‚ caring and sacrifices they have made for my education and preparing me to face my future. Your prayers is what have supported me to go so far and help me to stand firmly where I am now. I am particularly thankful to my lecturer
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BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro environment and
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‘Business’ and Its ‘Environment’ Introduction Every business organization has to interact and transact with its „environment‟. The effectiveness of interaction of an enterprise with its environment primarily determines the success or failure of a business. The environment imposes several „constraints‟ on an enterprise and has a considerable impact and influence on the scope and direction of its activities. The enterprise‚ on the other hand‚ has very little control over its environment. The business
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consumption: and its effect on the environment Submitted to Professor Liam Kilmurray For the course Techniques‚ cultures and Environments {SOC/ANT 2113A} University of Ottawa March 22nd‚ 2015 The environment is a very important in human existence as it is basically all that surrounds us. Our environment is a complex phenomenon that consists
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One of the dilemmas concerning our environment is saving wild life creatures. Cutting down trees is killing their habitat and ways of living. How would you like it if someone came into your neighbourhood and started bulldozing the houses down? Many living species have died because of the habitat changes they have to go through. Many oceans and other water bound areas in the world are being polluted by human waste. It’s killing all water creatures and making water unsanitary. If you really think about
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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