Article Review Journal of Accountancy UMUC Accounting Information Systems 326 Professor T. Wood December 4‚ 2011 Cloud Computing: What Accountants Need to Know‚ (Journal of Accountancy‚ Oct 2010). This article answers the questions that Accountants and CPA should be asking themselves in regards to the new technology that is growing fast. Cloud technology is growing so fast that‚ cloud services revenues were expected to surpass $68 billion dollars in 2010‚ which was almost a
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3. XBRL impact on the accounting information As we discuss the accounting information is important on enterprise‚ below I will further analysis on how the XBRL case the innovation on accounting information system. First‚ enhance the transparency of the accounting information. It is important to show transparency information and report to the public. Recently‚ due to domestic and foreign securities fraud cases happing on the stock market and listed company‚ accounting transparency are becoming a
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Qualitative Characteristics of Accounting Information Qualitative characteristics are the attributes that make the information provided in financial statements useful to users. The four principal qualitative characteristics are understandability‚ relevance‚ reliability and comparability. It is also pointed out that these qualitative characteristics may need to be balanced against one another. (John Wiley& Sons Australia‚ Ltd‚ 2009) The relative importance of the characteristics in different cases
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The article focuses on presidential candidate Donald Trump’s answer to a question about the military. He was asked what he would do about the “social engineering” that is permitting women and transgender people to serve in the military. Trump stated that he too believes the military has become too politically correct. He said he believes the answer is intelligence and not ignorance. He said he would listen strongly to his top military advisors. The first connection this has with the chapter is it
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the extent to which they overcame them. OR 2. Why does Michele continue to love and respect his father‚ despite knowing what his father has done and is prepared to do? B Level You are to produce a detailed plan and an essay that contains at least two to three quotations per body paragraph choosing from ONE of the following topics. [500-600 words]. 1. ‘Michele learns that loyalty and trust are far more valuable than money or objects’
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Chapter 11 - Resource Requirements Student: ___________________________________________________________________________ 1. Whenever possible‚ effective entrepreneurs seek to own the resources they need. True False 2. One advantage of owning resources during the startup is that it puts the team in a better position to commit and decommit quickly. True False 3. Entrepreneurs in high-potential startups seek to have not only enough committed resources for the task at hand but also a cushion
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a contract intentionally lies to the other party regarding a material fact‚ the contract may be voided for which of the following: A. Undue influence B. Misrepresentation C. Fraud D. Mutual mistake 4. Sergio and Ginger enter into a contract. Two month later Ginger assigns her rights under the contract to Larry. Is Ginger still potentially liable to Sergio under the original contract? A. Yes‚ unless Ginger and Sergio execute a Novation. B. Yes‚ a party assigning a contract to a third party
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1. What happens if you carefully consider the surrounding context of a passage‚ but ignore its literary genre? When reading the Bible and carefully reading the surrounding context of a passage‚ but ignoring it’s literary genre will often lead to misinterpretation‚ misguided‚ and normally missed messages. The words in the Bible are intended to help‚ inspire‚ guide‚ and teach us about the goodness of God. We must be able to connect with the author to gain the full benefits of his message. As Duvall
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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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Owners Equity Name ACC423 III April 1‚ 2013 Roger Beckstead Owners Equity Owner’s equity is the interest that common and preferred stockholders have in a company. Stockholders have paid-in capital in the form of stock and bonds to a company to provide cash intended to be used for operations of the company. Investors use equity accounts to evaluate the strength and liquidity of a company. Investors assess if a company is growing by comparing capital accounts in previous years to present
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