OUR ATTITUDE DETERMINES YOUR FUTURE DO NOT PROCASTINATE! TIME is money and TIME does not wait for anybody. If you sit and wait‚ nobody can help you and nothing happens. You will still be what you are‚ 3 or more years from now. You will be in the same situation‚ doing what you are doing now or worst‚ not doing anything at all; No career advancement; No self development; Lack of work experience; No improvement in income; No appropriate qualification; and possibly even out of job! On the contrary
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Accounting Information Systems FINAL STUDY Chapter 7 The accounting cycle begins with a transaction by the customer to purchase a product and ends with the closing of accounts for the next period in the accounting cycle The methods for accounting for the accounting cycle are through Journals‚ Ledgers and Trial balances and financial statements. AIS use numeric or alphanumeric codes to record‚ classify‚ store and retrieve financial data There are 4 types of codes they are Mnemonic codes‚ sequence
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inAccounting information helps users to make better financial decisions. Users of financial information may be both internal and external to the organization. Internal Users of accounting information are those individuals directly involved in managing and operating an organization and users within the company. They include managers‚ internal auditors‚ sales staff‚ budget officers‚ controllers‚ officers‚ directors‚ and other important internal decision makers. Internal users make the strategic and
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LIMITATIONS OF ACCOUNTING INFORMATION The contact groups of decision-makers have widely different information needs about an enterprise. It must be stressed that accounting is only one of a number of sources on information available to decision-makers though they are sometimes tempted to place more faith in accounting than excepted. Other sources are just as important if not more important than the information provided by the financial statements. It is therefore essential to highlight the limitations
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On current term where technology and system is information has wented places that so quick‚ have revamped each’’’s transaction processing finance transactions of earlier one manual to process computerised one. This causes a lot of entitas carries on business to have gets to conform to that change. Since that change have made environmentally emulation at any given industry gets competitive‚ where if an entitas not at support by good Information System therefore entitas that won’t get to get long-lasting
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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
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Topic One: Accounting Information Systems: Theoretical foundation and overview Drivers for business & I.S change Globalisation o Force behind globalisation is technology. o Changed the way we communicate‚ transport goods and services‚ and travel. o Enabled organisations to interact with partners‚ suppliers and customers in virtual environment. Deregulation o Removal of constraints on competitive market forces through free trade agreements. E.g. Australia-China‚ Australia-New Zealand
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PLANNING MY FUTURE 2 Planning my future is vital to me; it is like designing a solid foundation for me and for my family. During these irregular times in our economy credentials play a vital part on the amount of opportunities that I have access to. In this essay I will talk about what steps I will take and what challenges‚ accomplishments‚ and experiences I plan on
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1.4 How do an organization’s business processes and lines of business affect the design of its AIS? Give several examples of how differences among organizations are reflected in their AIS. An organization’s AIS must reflect its business processes and its line of business. For example: * Manufacturing companies will need a set of procedures and documents for the production cycle; non-manufacturing companies do not. * Government agencies need procedures to track
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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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