Table of Contents OBJECTIVES 3 BUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand‚ I will consider advantages and disadvantages of the software which are relevant to the proper
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3.0 Variance Analysis 3.1 Flexible-Budget Variance Analysis In Barnes Scuba Diving case‚ the main comparison for the flexible-budget variance analysis would be between the actual results and flexible budget. Static budget would not be useful for this comparison due to the different sales unit output which may result in a misleading and inaccurate result comparison. With reference to the Flexible Budget Section attached in Annex X‚ Flexible-Budget Variance for Revenues was identified to be a favourable
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KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY KNUST SCHOOL OF BUSINESS ACCOUNTING INFORMATION SYSTEMS Topic: Changing An Accounting Software Package AGGREY AFUA NKUMAH ALLOTEY LILIAN ADORKOR AMOAKO JULIET DOGBEY FELIX MAKAFUI NKRUMAH FLORENCE QUARSHIE GEORGE November‚ 2009 Possible ways of replacing the existing accounting package Accounting software is designed in such a way that you can easily take care of your business expenditures‚ profit‚ employee and pay rolls along with
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School of Management and Economics Bachelor thesis‚ 10 p Examiner: Jerzy Kociatkiewicz Tutor: Anders Jerreling Växjö 2006-06-02 The impact of accounting information on management’s decision-making process A Case Study Group A1: Vera Lengauer Adelheid Mayr Sandie Parasote (A) (I) (F) vleex05@student.vxu.se ambex05@student.vxu.se spaex05@student.vxu.se 1 Executive Summary Wexiödisk AB is a producer of dishwashing machines for professional use. Its headquarter is located in
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Ashok Ltd. invited application for 15‚000 shares of Rs.100/- each. The share amount was payable as under : – Rs.20/- on Application Rs.30/- on Allotment Rs.20/- on First Call & Rs.30/- on Final Call Applications were received for 10‚000 shares. All moneys were called and duly received. Pass necessary journal entries and prepare ledger account and Balance Sheet. Q. 2 A Company issued Rs.5‚00‚000/- new capital divided into Rs.10/- shares at a premium of Rs.4/- per share payable as On Application
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destruction‚ and errors. Assurance must exist that transactions related to assets have been properly processed and that appropriate physical handling and control over assets exist.” MYOB is a computerised accounting system in which it provides users with an exclusive modern integrated accounting package for relevant tasks of an accountant such as bookkeeping‚ preparing financial statements‚ etc. (Neish & Kahwati 2011). Therefore‚ it is a great tool to secure the firm’s assets as it designed with
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Name____________________________ Date ACCT 2302 Exam 1 CRN 14948 Multiple Choice: 2 Points each question: 1. An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at his place of employment. According to the Institute of Management Accountants‚ the employee’s next step should be to A. contact the IMA. B. contact the next level of management who is not involved in the ethical conflict. C. make the president of the company aware of the ethical conflict
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1. Identify an accounting scandal at a corporation that has resulted in a loss of reputation to the accounting profession. Explain the crime(s) committed. In early 2008 Lehman borrowed large amounts to fund its investing in the years leading to its bankruptcy in 2008‚ “a process known as leveraging or gearing”. A large part of their investments were towards housing market‚ making it vulnerable to a downturn in that market. This firm generated large profits during the housing boom‚ this place them
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types of accounting that practically all businesses have to face and a number of key terms which are equally important. These are management accounting and financial accounting. 1. THE DIFFERENCE BETWEEN MANAGEMENT & FINANCIAL ACCOUNTING: Management accounting is concerned with decision making‚ cost apportionment‚ planning and control. It is based within the organisation and is solely for the use of the managers to conduct their business dealings. The process of management accounting is proactive
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fffffffffffffffffCOURSE SYLLABUS Spring 2013 Frank Stearns Riverside Community College Spring 2013 MANAGERIAL ACCOUNTING - 1B COURSE SYLLABUS MANAGERIAL ACCOUNTING - 1B Table of Contents General Information 3 1.1 Contact Information and Communications 3 1.2 Course Description 3 1.3 Learning Outcomes 3 Identification of Course/Reading Materials 3 2.1 Text and Materials 3 2.2 Internet Access 4 2.4 Web-CT / Open Campus 5 2.5 Log on Instructions 5 Course Requirements
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