Evaluate the accounting system and identify areas for improvement. 1.1 Identify an organisation’s accounting system requirements. 1.2 Review record keeping systems to confirm whether they meet the organisation’s requirements for financial information. 1.3 Identify weaknesses in and the potential for improvements to‚ the accounting system and consider their impact on the operation of the organization. 1.4 Identify potential areas of fraud arising from lack of control within the accounting system and grade
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Accounting Information System II Chapter 12 – Electronic Commerce Systems REVIEW QUESTIONS 1. What is a VPN? * A VPN (virtual private network) is a private network that exists within a public network. 2. Name the 3 types of addresses used on the internet. * The Internet uses three types of addresses for communications: * (1) email addresses‚ * (2) Web site (URL) addresses‚ and * (3) the addresses of individual computers attached to network (IP address). 3
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Tutorial - Valentino’s Question: Valentino’s decides to pursue a growth policy‚ aiming at 20% each year for the next 3 years. What impact is this likely to have on the organisational structure? What issues will arise from these changes? What else needs to be done in order to make the growth targets realisable? Useful to look at the organisational structure – consider Directors to be running Departments and the boxes underneath to be Teams all run by a Manager. How are you going to
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1)What is the development and growth ?How differ from each other? Growth is referred to the increase of per capita real gross domestic product over a period of time. Real GDP is a quantitative concept since it involves increased productive capacity in an economy‚ which leads to rising national output‚ incomes and living standards over time. Growth can occur from two main factors: 1. The increased use of resources such as land‚ labour‚ capital and entrepreneurial resources due to improvements in
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What Factors Influence Cost Per Hire of Attorneys? Alana Washington University of Maryland University College This research paper was prepared for AMBA 600‚ Section 1141‚ MBA Fundamentals taught by Professor Yitshak Merin Summary Attracting quality talent requires investment. In today’s competitive business environment it takes money to attract talent and it takes talent to make money. This research paper will explore the monetary investment required
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System Development Information technology (IT) is defined as “any computer-based tool that people use to work with information and support the information and information-processing needs of an organization” (Haag‚ Cummings‚ 2013). An IT department has become a crucial aspect for businesses in today’s societies because it is not only they’re to help a business continue to develop new technology‚ but it is also there to help employees when needed. The use of software’s and databases has become more
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Albania: The Development of a Developing Country Albania‚ a small country located in Southeastern Europe‚ is a nation that does not have a true identity its people are Muslim and Christian‚ it is a country that is both and poor‚ it is as much urban as it is rural‚ and has evolved from monarchy to socialism and now to fledgling democracy. In other words‚ Albania and its people have seen it all. The extremes of Albanian society are vivid‚ and underlying tensions are evident. But Albania is not "another
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1. An Accounting Information System (AIS) * collects and processes transaction data and disseminates the information to interested parties. * Helps management answer such questions as: * How much and what kind of debt is outstanding? * Were sales higher this period than last? * What assets do we have? * What were our cash inflows and outflows? * Did we make a profit last period? Basic Terminology (see Textbook for definitions) * Event * Transaction * Account
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Applicant Tracking Systems Companies use applicant tracking systems for several reasons‚ but most often it is for one or more of the following‚ according to CareerBuilder’s May 2005 paper entitled “Total Integration: Your Roadmap for Streamlining the Recruiting Function”: • Real-Time Job Postings • Resume Data and Application Integration • Third-Party Resume Database Integration • Reporting • Leveraging External Technologies According to CIO.com‚ “an applicant tracking system (ATS)‚ also called
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a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important
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