financial reporting system‚ supported by high quality accounting standards and backed by a solid regulatory‚ governance and ethical framework‚ is a pre-requisite for economic development”. Economic development is affected by many factors; some believe that a strong financial reporting system is one of them. Throughout the report this will analysed and discussed to come to a sound understanding whether it does and if so‚ how effective it really is. High quality accounting standards can be seen
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Chapter 1 Accounting Information Systems and the Accountant True-False Questions 1. The acronym AIS stands for “Accounting Information Standards.” 2. Accounting information systems must be computerized to be effective. 3. It is best to view an AIS as an accounting system that must be computerized. 4. AISs often create information that is useful to non-accountants. 5. In order to be useful‚ raw accounting data must be processed by a computer. 6. The path that data follow in an AIS‚ for
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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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interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information This results when a subsystem achieves its goals while contributing to the organization’s overall goal. e) Goal conflict f) Goal congruence g) Value of information h) Systems congruence Goal conflict may result when i) A decision or action of a subsystem is inconsistent with the system as a whole. j) A subsystem achieves
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ManagementAccounting Change ------------------------------------------------- Describe the ‘Challenge of Management Accounting Change’ in light of recent research findings and discuss‚ how can this change help an organisation‚ in getting its strategic‚ tactical and operating objectives? Management accounting change and the continuously changing roles of management accountants have dominated accounting literature for the past
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and definition of terms. Introduction In this generation‚ computers are being used by industries‚ companies‚ schools and specially business establishments. They use computer in making their task easier and convenient and to produce a more reliable outputs. Emergence of computers gives a big contribution to business and education. Ever since the computer has enhance the technical knowledge and operation‚ there has been various accessed to the latest information. It helps people to make their
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Operations Management History The Role of Services in an economy Operations Management: Set of activities that create value in the form of goods and services‚ Timeline of OM: Crafts Manufacturing Industrial Revolution (1770 England): • Invention of steam engines‚ replaced human power • Started with textile industry • Increased use of refined coal Division of Labor (1776‚ Adam Smith) Standardized parts (1800‚ Eli Whitney)‚ interchangable parts Steam Ships (1807) Telegrapgh (1844
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outflows from various funds‚ to ensure that legal requirements about the use of specific funds are followed. * Financial institutions do not need extensive inventory control systems. * Passenger service companies (e.g.‚ airlines‚ bus‚ and trains) generally receive payments in advance of providing services. Therefore‚ extensive billing and accounts receivable procedures are not needed; instead‚ they must develop procedures to account for prepaid revenue. * Construction firms
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Chapter 2 The Nature of Services Distinctive Characteristics of Service Operations In services‚ a distinction must be made between inputs and resources. For services‚ inputs Are the customers themselves‚ and resources are the facilitating goods‚ employee labor‚ and capital at the command of the service manager. Thus‚ to function‚ the service system must interact with the customers as participants in the service process. Because customers typically arrive at their own discretion and with
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Chapter 1 Introduction and Background of the Study Travel Agency is a commercial enterprise where traveler can secure information and expertise‚ get impartial counseling‚ and make arrangement to travel by air‚ sea or land‚ to any point in the world. It acts as an agent of the different suppliers in the tourism industry (also known as travel components)‚ namely: the transportation companies‚ hotels/ resorts‚ car rental companies‚ tour operators and sightseeing companies. (Retrieved from Access:
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