Accounting information systems have been advancing as technology advances. “Advances in technology will put an almost universal demand on CPAs to be more computer-literate than ever before” (HARRINGTON‚ 2005). It is no longer about just keeping a correct balance. People want to be promised privacy and protection. The good and bad problem with the new technology is it causes major changes in how businesses are operated and used. Accounting is not just calculating numbers; it is a people business.
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LOSS ACCOUNT Sales have increased over the years‚ but the rate of this increase is not steady. The highest sales point was in 2006. Cost of sales and expenses with the exception of other expenses have increased at a steady rate. Other operating expenses have fluctuated over the years; the lowest point was in the first year with the highest being in 2006. Finance cost seems to have reached a peak in 2006 and the fallen by 2008. Net Profit after Tax follows a similar pattern to sales. CC3 CONSOLIDATED
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Thao Ngo Professor Ann Brooks Honors 3394W 11 November 2011 Historical Roots of Vietnam’s Education System Vietnam is a country rich with culture and traditions. Since the colonial periods when Vietnam was ruled by China for nearly one thousand years‚ Vietnamese people promoted learning and engraved the idea into every child at a very young age that intellectuals in the society such as educators were all superior to parents and are only inferior to the king. Unfortunately‚ when the French forcibly
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Assignment 1 – ACC557 – Peregrine Systems Accounting Scandal Heather Glover Strayer University Peregrine Systems‚ Inc. was an enterprise software company that was founded in 1981 and sold enterprise asset management‚ change management‚ and ITIL-based IT service management software. Following an accounting scandal and bankruptcy in 2003‚ Peregrine was acquired by Hewlett-Packard in 2005.HP now markets the Peregrine products as part of its IT Service Management solutions‚ within the HP Software
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Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost per unit $ 75 Conversion cost per unit 84 Assembly Department cost per unit $159
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Question 1 Product costs are costs that are associated with manufactured goods until the time period during which products are sold. It involved all costs in acquiring or making a product. These costs consist of direct materials‚ direct labour and manufacturing overhead. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold‚ the costs are released from inventory as expenses and matched against sales revenue. Since product costs are initially assigned
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000 Factory insurance 500 Materials handling 1‚500 5‚000 Manufacturing cost P80‚000 2. (a) Decrease in finished goods inventory P35‚000 Add: Raw materials purchased P430‚000 Direct labor payroll 200‚000 Factory overhead 300‚000 930‚000 Total P965‚000 Less: Increase in raw materials inventory 15‚000 Cost of goods sold P950‚000 3. (d) Direct labor- Wages of machine operations
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------------------------------------------------- Chapter 12—Electronic Commerce Systems TRUE/FALSE 1. Because of network protocols‚ users of networks built by different manufacturers are able to communicate and share data. ANS: T 2. Electronic commerce refers only to direct consumer marketing on the Internet. ANS: F 3. Business to consumer is the largest segment of Internet commerce. ANS: F 4. The phrase “.com” has become an Internet buzz
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Contents Introduction 2 The definition of Confucianism 2 Implications of Confucianism for East Asian accounting 4 The reform of Chinese accounting 5 The influence of Confucianism in Chinese accounting 7 1.) The Government 7 2.) Accounting Ethics 7 3.) Conservatism 8 Japanese Accounting and Confucianism 8 Conclusion 11 References 13 Introduction In order to understand the present day accounting methods and principles of China and Japan it is essential to understand the history of both of these
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AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY History has it that the concept of accountability of public funds dates backs to the history of ancient Greece. As old as theory is‚ it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it‚ this makes the subject‚ government accounting to remain a myth. Accounting in the public sector has received such a wide attention from
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