® Tunku Abdul Rahman University College Faculty of Accountancy‚ Finance & Business Bachelor of Accounting Year 2 Written Assignment BACS2703 Accounting Information Systems 2014/2015 Table of Contents 1. Aims 2 2. Learning Outcomes 3 3. Group Formation 3 4. Assignment Tasks 3 5. Distribution of Assignment & Submission Date 8 6. Assignment Report Format 9 7. Assessment 10 8. Late Submission 10 9. Penalty 10 10
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Advantages and Disadvantages of Hstorical Cost Accounting Advantages and disadvantages of historical cost accounting‚ alternatives to historical cost accounting 2.1 Introduction Accounting concepts and conventions as used in accountancy are the rules and guidelines by which the accountant lives. The historical cost accounting convention is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. The historical
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Advantages and disadvantages of Historical Cost accounting Historical cost accounting has been a controversial method that experienced many criticisms over a period of time‚ especially since it considers the acquisition cost of an asset and does not recognize the current market value. Merits and demerits of this method are as follows. The most obvious advantage of HC accounting is objectivity. It is a predominantly objective system‚ which records the original cost of an item when it was purchased
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Examine the advantages and disadvantages for China of harmonization of accounting standards under the current economic and social system. With the development of economic globalization and capital markets‚ accounting standards based on a national system cannot satisfy the needs of users whose decisions are increasingly international. Therefore harmonization of accounting standards has become an inevitable choice for many countries. The Chinese government has introduced four sets of accounting standards
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........................................Page 16 6.1 MIS advantages................................................................................................Page 16 6.1.1 It encourages decentralization .................................................................Page 16 6.1.2 It facilitates planning and control ............................................................Page 16 6.1.3 It minimized information overload ...................................................
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Management Information System A management information system (MIS) provides information that is needed to manage organizations efficiently and effectively.[1] Management information systems are not only computer systems - these systems encompass three primary components: technology‚ people (individuals‚ groups‚ or organizations)‚ and data/information for decision making. Management information systems are distinct from other information systems in that they are designed to be used to analyze
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Task 1. Management Information System (MIS) In my words‚ Management Information System is a digital‚ or computer based tool‚ which provides managers of all levels‚ as well as regular employees‚ with information crucial to perform their tasks more effectively. Management Information Systems are used especially by managers and they help them with different areas of their work: gathering needed information decision making feedback evaluation of processes Management Information Systems combine
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lessen their works and make it more fast and efficient. We are looking forward to develop a web–based application that will minimize all paper works and to keep the files of the students and at the same time the important papers of the school-- a system that fully automated‚ user-friendly‚ time effective and efficient. BACKGROUND OF THE STUDY Students should be more conscious related to their school records/ files so that they can get a copy anytime that they want to have it. Particularly‚ if
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ASSIGNMENT - 1 DEFINE MANAGEMENT INFORMATION SYSTEM? DISCUSS ITS OBJECTIVES. Definition: Organized approach to the study of information needs of a management at every level in making operational‚ tactical‚ and strategic decisions. Its objective is to design and implement man-machine procedures‚ processes‚ and routines that provide suitably detailed reports in an accurate‚ consistent‚ and timely manner. Modern‚ computerized systems continuously gather relevant data‚ both from inside and outside
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responsible for the keeping of the register of members or the register of holders of debentures of the co (S9(1)(d)) An audit firm shall not be an auditor unless All partners of firm resident in Msia approved co auditors No partners are disqualified under reason (1)‚ (2) and (3). Lodge Form 5 (a return showing full names and address of all partners of the firm) to CCM (Appendix 6(a)) iii) Appointment of first auditors (S 172(1)) Appoint at any time before co 1st AGM. Can be made either Circular resolution
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