ACCOUNTING SYSTEMS Tiffany Bullock HS210-02 March 21‚ 2013 The three types of bookkeeping systems are Pegboard‚ Single Entry‚ and Double Entry. The Pegboard system is also called the write-it-once system. This system is the most widely used manual method of accounting in the healthcare industry. The cost of using this system is a little more than the others. It is a lightweight board that uses pegs to hold all the different forms in place. This system can hold forms for the daily log sheet
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Chinese accounting system has a rapid changed during the past decades‚ whatever it changes‚ the identity of Chinese accounting form is obviously shown to the world. Professionalism vs. Statutory Control “Even after the recent reforms ···accounting practices remain that reflect the state-controlled nature of the Chinese economy”（Adhikari‚1995‚Accounting for China） In China‚ accounting law is established by The Department of Administration of Accounting within the Ministry of Finance‚ accounting profession
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Reliability and Objectivity of Accounting Measurement‚ Author: Y.Ijiri and R.K.Jaedicke‚ The Accounting Review‚ Vol.41. No.3‚ 1966‚ 474-483 Summary: Accounting is a measurement system in which number of alternative measurement methods are available. Criteria for choosing best measurement alternative is an issue over the life of accounting. The user groups and the purpose for which data will be used are important‚ however‚ the use or purpose of the data is simply too broad and general a criterion
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a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important
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In accounting literature‚ the notion of conservatism is to employ a less optimistic attitude towards handling accounting transactions or events when varied alternatives are present. The basic implication of the convention was traditionally to anticipate not profits but all losses. Therefore‚ a series of accounting procedures based on conservatism have been developed to account for provisional expenses and potential losses in accounting practice‚ such as allowances for doubtful accounts‚ reserves
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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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Evolution of Performance Measurement Models in Management Accounting Name Grade course Tutor’s name 2nd October 2010 Abstract Changes in management accounting have gone by unnoticed in the recent years. This article tries to explain by how much management accounting has altered through the years‚ since the 1950s to date‚ and the reasons that led to the changes. This work also focuses on various performance evaluation models‚ their applications and their effectiveness. Introduction
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Introduction Wrong or inaccurate measurements can lead to wrong decisions‚ which can have serious consequences‚ costing money and even lives. The human and financial consequences of wrong decisions based on poor measurement being taken in matters as important as environmental change and pollution are almost incalculable. It is important therefore to have reliable and accurate measurements which are agreed and accepted by the relevant authorities worldwide. Metrologists are therefore continuously
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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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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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