business‚ the management of company’s information online has developed into an issue to be concerned. AIS‚ which is short for Accounting Information System‚ is not merely related to accounting information management as the business develops around the world. In the various explanations of AIS in the Lecture 1‚ p12130 Accounting Information System‚ presented at the University of Nottingham Ningbo by Trevor Bayley‚ Vaassen (2002) defined AIS as provides information for decision-making and accountability
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roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information‚ especially for
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CheckPoint: Accounting Information System Requirements Rose Ann Rhone XACC/210C 09/06/2013 Donna Rosentrater CheckPoint: Accounting Information System Requirements In order to develop an accounting information system successfully the process has to broken up into phases. The phases are the system development life cycle (SDLC) which consists of the Planning and Investigation‚ Analysis‚ Design‚ Implementation‚ Follow-up‚ and Maintenance phases. The planning and investigation phase requires
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circumstances where an employer can be held liable for the torts of his/her employees. And after that I will focus on some of the reasons why one person is held liable in certain situations for the torts committed by another person. And then I will finally finish the essay with a conclusion at the end. Vicarious liability is where one person is held liable for the torts of another‚ even though that person did not commit the act itself. For an employer to be held liable for the tort of her/his employees
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Quiz Chapter 1 1. What is data? What is information? (p.10) Data are facts‚ which may or may not be processed and have no direct effect on a user’s actions. Information causes the user to take an action that he or she otherwise could not‚ or would not have taken. 2. List tasks of database management. (p.12) Three database management tasks are data storage‚ data retrieval‚ and data deletion. 3. What services could not public accountings provide with their audit clients? (p.22) There are:
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Executive Summary This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered‚ followed by a comprehensive needs analysis‚ which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX‚ Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best
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location has acquired their own financial and accounting system and all data input into their own systems is sent to the corporate headquarters in San Jose‚ California. They provide the information to corporate to be combined into corporates information systems. This information is provided to the San Jose location either by hardcopy reports that must be re-entered or data files that must be converted to become compatible with San Jose’s information systems. Each location employed different vendors
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Ph.D.‚ CPA Professor‚ Accounting & Information Systems Program‚ School of Management University of Alaska Fairbanks 225E Bunnell Hall‚ PO Box 756080‚ Fairbanks‚ AK 99775-6080 Office: 907 474-5872; FAX: 907 474-5767; Cell: 907 978-2094 Email – mldavis@alaska.edu TEACHING INTERESTS‚ RESEARCH INTERESTS Primary teaching interests – graduate or undergraduate – focus on financial‚ intermediate‚ advanced‚ financial statement analysis and accounting theory Research concentrates
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Accounting is the financial information system that provides these insights. In short‚ to understand your organization‚ you have to know the numbers. Accounting consists of three basic activities—it identifies‚ records‚ and communicates the economic events of an organization to interested users. You cannot earn a living‚ spend money‚ buy on credit‚ make an investment‚ or pay taxes without receiving‚ using‚ or dispensing financial information. Good decision making depends on good information
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Accounting information systems have been advancing as technology advances. “Advances in technology will put an almost universal demand on CPAs to be more computer-literate than ever before” (HARRINGTON‚ 2005). It is no longer about just keeping a correct balance. People want to be promised privacy and protection. The good and bad problem with the new technology is it causes major changes in how businesses are operated and used. Accounting is not just calculating numbers; it is a people business.
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