• Ansolf Model
    business in trade. 4. Large Scale Retailer: - Supermarkets -describe supermarkets using its features Question and answer Teacher’s notes Features advantages and disadvantages -state the advantages and disadvantages to both seller and buyers exposition Chalk, and Chalk board. 5...
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  • Effect of Technology of Accounting Profession
    . They are also capable of maintaining general ledger information, creating spreadsheets, and distributing financial reports (Bagranoff, 2008). One problem that accountant’s have had with all this data is that what may be used in one application was not easily transferred to another. The...
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  • Ict Impact on Accounting
    ICT on accounting systems has evolved from fairly simple general ledger applications to extremely complex ERP systems. When firms adaptfromone type of system to another, they typically incur huge outlays offinancialand human capital. Questions arise regarding the underlying value of embarking on...
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  • Student
    accounts Describe how you can change several general ledger accounts at the same time Explain the advantages and disadvantages of group and country charts of accounts Describe the structure of customer and vendor accounts • • • • • • • Discuss the similarities and differences between...
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  • Cga Au2
    disabled so that they do not post to the general ledger or show up in regular reports. An advantage of ITFs is the ability to run test transactions without being concerned about accidentally posting to the general ledger. Disadvantages of ITFs include the following: The test data are accessible to...
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  • Accounting: Electronic Commerce Systems
    created using XML. This includes the creation of markup languages capable of storing data in relational form, where tags (formatting commands) are mapped to data values. 8. What is XBRL? ANS: XBRL (Extensible Business Reporting Language) is an XML-based language that was designed...
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  • International Business
    organizational objective and management policies. Structure. Its structure comprises three main subsystems. General ledger/Financial reporting system, Transaction processing system, Management reporting system. Performance. The effectiveness of the accounting information system is measured by its...
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  • Bookkeeping Essay
    different types of ledgers. These being a general ledger or daily log book, a cash journal similar to a transaction register or checkbook, and an accounts receivable journal (Kinn’s, 2077, p. 456). This method keeps track of daily, monthly and yearly incomes and expenses. The entries are done in a daily...
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  • Xbrl
    Decrease cost of examinations Financial Statements and NAIC Reports Automatic input into Workpapers Allows drill down to company general ledger Allows streaming data Easy to read Data manipulations Significant decrease in Lost Production Roadblocks to use of XBRL Communication Barriers...
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  • Xbrl
    forever alter the way they communicate business performance.” - CFO Magazine, February 2000 23 XBRL Documents • • • • • • • • • • • XBRL for Financial Statements XBRL for General Ledger XBRL for Journal Entry Reporting XBRL for Credit Reporting XBRL for Performance Press Releases XBRL for Risk...
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  • Accounting Information Systems
    . Whilst all these records would have previously recorded using a paper based process, now information technology has made it more efficient for businesses to prepare all the reports using computerised accounting systems. Computerised accounting systems – Advantages and Disadvantages Some computerised...
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  • Informations Systems for Accounting
    self service economy. (Groceries deteriorate quickly.) Make sure good infrastructure and suitable products. INFORMATION SYSTEMS: GENERAL LEDGER CYCLE AND REPORTING CYCLE (WEEK 6) General Ledger Cycle (a) The general ledger cycle is simply the process of transactions in a company being recorded...
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  • Xbrl Error Study
    in amounts, and display errors. (Barley, 2010) With the implementation of any new system or process there are some features that are less likely to appeal to users and XBRL is no different. Despite its reported advantages, there are certain disadvantages with XBRL. The complexity and inexperience...
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  • The Use of Computers in Accounting
    , expenses and equity)--in other words general ledger summarizes all the transactions within a period of time. In addition there is a subsidiary ledger can be used, which is a more detailed source, where individual items comprised (inventory, accounts payable and accounts receivable). General ledger...
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  • Hall 5e Reviewer Chp1
    to internal users b. FRS provides discretionary information; the MRS provides nondiscretionary information c. FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System d. FRS reports are prepared in flexible...
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  • Understanding
    means of understanding terms: assets, liabilities and capital. Week 1 Preparing simple ledger accounts. Developing skills in making double-entry records, including how to balance accounts. Trial balances Using a trial balance to check arithmetical accuracy of accounts. Simple final...
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  • Computerized vs. Manual Accounting
    another book called the general ledger. After that, adjustments are made until we reach the final result which is preparing the financial statements that are the balance sheet, income statement, Owner’s equity and statement of cash flow. This procedure can be obtained either manually using pens...
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  • Liberal Arts
    control | | |strengths and weaknesses |Social Networking | |(4) Discuss advantages/disadvantages and standards for privacy assurance engagements...
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  • Finace
    is received it is deposited in a bank account controlled by the invoice discounter. The invoice discounter will then pay the remainder of the invoice less any charges to the client. 4.0 Advantages and Disadvantages of the different sources of finance 4.1 Personal savings Advantages * The...
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  • study guide
    of goods from another vendor. 3. 3. Pick goods from warehouse and pack for shipment. 4. 4. Ship goods to the customer. ERP system would choose the appropriate routing and carrier, record the cost of goods sold 5. and inventory reduction in the general ledger. Some ERP systems trigger the billing...
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