Current Issues in Accounting

Topics: Bookkeeping, Payment, Receipt Pages: 3 (699 words) Published: May 1, 2013
“Current Issues in Accounting”


Table of Contents

Introduction ----------------------------------------------------- 3 Discussion ---------------------------------------------------- 4 Conclusion ------------------------------------------------------ 5 References ------------------------------------------------------ 6


AE Stream Resources Inc. is an authorized ticketing agent for Cebu Pacific; it does not only sell ticket, but it also Answer inquiries regarding information such as schedules, accommodations, procedures, and policies, plan routes, itineraries, and accommodation details, and compute fares and fees, using schedules, rate books, and computers as well as conferring with customers to determine their service requirements and travel preferences. "The great thing about working in the Accounting Department is that everybody counts." (Alternative Accounting plays important role for correct and satisfied operating of any organization, the development of any business is only possible, if we record all business transactions with correct method and analyze them Like most of company uses accounting to determine the actual position of the company, monitor cash position and so forth. AE stream strictly follows the accounting methods of Cebu Pacific by carefully records daily transaction and check on the following day of all bookings are confirmed before making any records.


The assigned agent regularly check the Online Daily Sales Report (ODSR) it is a web based reporting tool developed to help the agents monitor the transactions per Market and Sales type. Daily sales report is a report that shows the complete details of all bookings finalized and processed in the system on a particular day with the breakdown of charges. Aside from daily sales report, the sales summary shows the total breakdown of charges and payments made based on the dates given. In all transaction, it is...
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