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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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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statement? "Companies should not be held liable for losses sustained in a successful attack made on their AIS by outside sources." Most sources say if the security is in place and properly installed it should be a rare instance when the AIS is attacked and made vulnerable by outside sources. Hacking is an unpredictable intrusion. Liability is usually on the party who acted in negligence. The argument here is justly made that no company should be punished for a breach in security if the company has prepared
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Harnischfeger Corporation Teaching Note INTRODUCTION The purpose of the "Harnischfeger Corporation" case is to expose students to the managerial motives for making major financial reporting policy changes. Generally accepted accounting principles (GAAP) allow companies wide latitude in the choice of accounting policies. After a firm chooses a set of accounting policies‚ current accounting rules permit changes from one alternative policy to another at the discretion of the management
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ZOHANDCO Ltd 1. Name of Corporation : Mizoram Handloom and Handicraft Development Corporation Limited (ZOHANDCO) 2. Registered Office : Chaltlang aizawl 796012 Mizoram 3. Aims and objectives : The main aims and objective are; to develop aid‚ advice‚ Assist‚ finance‚ protect and promote the interest of Handloom and handicraft units in Mizoram state‚ whether owned or conducted by the government statutory body‚ Company‚ firm or individual and provide
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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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Chapter 1 Accounting Information Systems and the Accountant INTRODUCTION WHAT ARE ACCOUNTING INFORMATION SYSTEMS? Accounting Information Systems—A Definition Accounting Information Systems and Their Role in Organizations CASE ANALYSES The Annual Report Universal Concrete Products Ross‚ Sells‚ and Young‚ LLP REFERENCES AND RECOMMENDED READINGS ANSWERS TO TEST YOURSELF WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS? Suspicious Activity Reporting Countering Terrorism Corporate Scandals and Accounting The
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Just below the surface The story is written by Kate Nivison and takes place in a London suburb in an upper class environment (p. 41‚ l. 14) in modern time (p. 42‚ l. 23). It is a first person narrator so we sympathize with Indrani. Indrani: * Is an Indian woman (p. 42‚ l. 37) * Is education‚ but not highly educated * She is very bigoted (p. 42‚ p. 29-30) * She thinks the British people are xenophobic (the woman in the shop and the men from the council‚ p. 43‚ l. 15) *
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Natural Products Experiment Niki Robinson 10008562 Practical 2: Identification and quantification of taxifolin from milk thistle Aim: to Identify and quantify the amount of taxifolin from three samples Silymarin stock solution‚ taxifolin and silybum marianum extract. ` Methodology: Using auto-pipette (20-100 microlitre)‚ pipetted 0.06 mg of Taxifolin was added to 10ml conical flask and made up to the mark (10ml) with H2O.This procedure was repeated with the same amounts foe silymarin stock
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Kudler Accounting System Paper Darrell L. Jones BSA/310 February 8‚ 2014 Sharon Foreman‚ PHD Kudler Accounting System Paper Introduction This paper is designed to show and describe the importance of a new accounting system that is desperately needed by Kudler Fine Foods. The company is continuing to grow in revenue‚ but the accounting system is not able to keep up with the growth of the company. Due to the growth of the company Kudler management should consider integrating a more
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