The Best Answers to Tough Interview Questions Tell me about yourself. This is really more of a request than a question. But these few words can put you on the spot in a way no question can. Many quickly lose control of the interview during the most critical time- the first five minutes. This is not the time to go into a lengthy history or wander off in different directions. Your response should be focused and purposeful. Communicate a pattern of interests and skills that relate to the position in
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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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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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arms concurs with the low cost strategy of BYD. Question 3 NO‚ because other nascent Chinese battery companies use only low cost strategy and they have no R&D department‚ the market is fragmented between them and there is no dominant company. Using both low cost and high quality (because of R&D department‚ vertical integration and using of manpower instead of robotic arms) allows BYD to be reliable and to dominate the market in China. Question 4 Yes‚ because Wang has both a short term and a
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TITLE: FOUNDATIONS OF ACCOUNTING COURCE CODE: MAC101 DUE DATE: 12th September LECTURER: Ms.Chirima ASSIGMENT Nr. 1 - Accounting Information Date‚ 10th September‚ 2014 Introduction “The users of the accounting information”. According to the author Horngren‚C .Introduction to management accounting‚ the list of the people who use the accounting information is infinite. But even
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temporary or nominal accounts? Revenue and expense accounts are referred to as temporary or nominal accounts because each period they are closed out to Income Summary in the closing process. Their balances are reduced to zero at the end of the accounting period; therefore‚ the term temporary or nominal is sometimes given to these accounts. 7. Indicate whether each of the following items is a real or nominal account and whether it appears in the balance sheet or the income statement a) prepaid
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According to Weetman (2006 p25) ‘accounting is the process of identifying‚ measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.’ If we extract the suffix of the word‚ we are left with the word ‘account’. To account for something is to take something into consideration. In terms of finance‚ accounting for something can be seen as baring it in mind when compiling financial information. Synony mously‚ taking something
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Answer Key for Test Your Skills 1. Tutti’s Sandwich Shop has the following information regarding costs at various levels of monthly sales. Help Tutti separate her costs into fixed costs and variable costs so that she can predict and evaluate costs at varying levels of guests served. January February March Monthly Sales in Guests Served 10‚000 16‚000 20‚000 Cost of Sales (Food Cost ) 10‚500 16‚800 21‚000 Salaries‚ Wages‚ and Benefits 15‚000 15‚600 16‚000 Telephone 12‚750 16‚350 18‚750 Rent on
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1. An Accounting Information System (AIS) * collects and processes transaction data and disseminates the information to interested parties. * Helps management answer such questions as: * How much and what kind of debt is outstanding? * Were sales higher this period than last? * What assets do we have? * What were our cash inflows and outflows? * Did we make a profit last period? Basic Terminology (see Textbook for definitions) * Event * Transaction * Account
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1-17 (15 min.) Value chain and classification of costs‚ pharmaceutical company. Cost Item Value Chain Business Function a. b. c. d. e. f. g. h. Design of products‚ services or processes Marketing Customer Service Research and Development Marketing Production Marketing Distribution *2-23 (15–20 min.) Classification of costs‚ retail sector. Cost object: Videos sold in video section of store Cost variability: With respect to changes in the number of videos sold There may be some debate over classifications
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