Qualities of Effective Accounting Information Qualities of Effective Accounting Information Accounting information contains qualitative characteristics that make it useful to existing and potential investors‚ lenders‚ and other creditors for making decisions about an organization. A decision maker needs to determine which alternative provides the most useful information for decision-making purposes (Kieso‚ Weygandt‚ & Warfield‚ 2007). To make the information useful‚ effective accounting
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Dr Fang (to be used in the workshop in week 1) Month-end balance sheet amounts for the dental practice of Dr Fang‚ a local dentist‚ for three consecutive months are presented below. The information is complete except for the balance in the owners’ equity account. Cash Accounts receivable Prepaid insurance Surgery equipment Building Land Accounts payable Wages payable Mortgage payable Owners’ Equity 31 October $ 9 100 16 100 700 29 800 81 000 33 000 10 100 5 100 34 700
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Question a: According to the case‚ we can see that Norwalk Pharmaceutical Division of Chadwick was respected for the high quality of its products. And also‚ it focuses on customers’ feedback and what kind of new products desired by their customers. So‚ the overall strategy of Norwalk is differentiation. According to the business strategy that John Greenfield sketched out‚ invest in discovery of new compounds and unique mix of technical and commercial skills should not be included
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measures the quality of the employee ’s work. The indicators on performance evaluations include items such as business ethics‚ innovation‚ motivation‚ job knowledge‚ skills and expertise‚ communication‚ teamwork‚ work quality‚ professionalism‚ task management and project completion. Benefits of performance evaluation: • Facilitation of communication: communication in organizations is considered an essential function of worker motivation. It has been proposed that feedback from performance
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Executive Summary Accounting information system is an extremely important role in the enterprise management. As technology advances‚ the system software is constantly improving‚ constantly enhance the function of the system‚ thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious‚ how is the fastest way to management to provide the latest information to help decision-makers analysis‚ forecasting‚ decision-making‚ improve
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Table of Content * INTRODUCTION...................................................................08 1.0 INFORMATION SYSTEM (IS)………………………………......08 2.0 ACCOUNTING INFORMATION SYSTEM (AIS)…..................08 3. O History OF AIS……………………………………………………‚.08 4.1 TYPES OF AIS…………………………………………………......09 4.1 MANUAL SYSTEM…………………………………………………….. 09 4.2 LEGACY SYSTEM……………………………………………………....09 4.3 REPLACEMENT OF LAGACY…………………………….……..……10 5.0 COMPONENTS OF AIS…………………………………………..10 5.1 PEOPLE………………………………………………………………
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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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ACCOUNTING INFORMATION DISCLOSURE: AN EMPIRICAL INVESTIGATION OF A FRUITLESS FIG TREE Victor Fegor ORIGHO MGS/PG1209622 A PAPER SUMMITED TO THE DEPARTMENT OF ACCOUNTING‚ UNIVERSITY OF BENIN BEING PARTIAL FULLFILMENT OF RESEARCH METHODOLGY COURSE REQUIREMENT MARCH‚ 2013 ABSRACT This is the first study that tries to compare the inadequacy of accounting information disclosure in meeting financial users need to the inadequacy of a blossoming tree not producing fruits
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Accounting Information System Overview a) Define Accounting Information System (AIS) (3 marks) An accounting information system is a collection of data and processing procedures that creates needed information for its users. It also can define as the information subsystem within an organization that accumulates and processes information from the entity’s various subsystems and communicates this information to the organization’s users. b) Compare and contrast between
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An accounting information system is system that keeps record for a business to maintain its accounting system. Accounting information systems combine the study and practice of accounting with the design‚ implementation and monitoring of information systems. The use of such systems uses modern information technology resources together with traditional accounting methods to provide the users with the necessary information to manage their Organisation. Accounting information systems has its strengths
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