Disadvantages of using automated accounting systems

Assignment Help Accounting Basics
Reference no: EM13149425

What are the advantages and disadvantages of using automated accounting systems to do adjusting entries?

Reference no: EM13149425

Questions Cloud

Why do most negotiations for globl environmental regimes end : What are the advantages and disadvantages to a two-stage approach to negotians? Why do most negotiations for globl environmental regimes end up taking a two-stage approach?
How many grams of nh4cl must be added : How many grams of NH4Cl must be added to 0.490 L of 1.00 M NH3 solution to yield a buffer solution with a pH of 8.90?
Explain the final temperature of the water and metal : The final temperature of the water and metal was 25.0 C. Assuming no heat is lost to the surroundings,calculate the specific heat of the metal and estimate its atomic weight
What is anarchy when referring to international relations : What is Anarchy when referring to International Relations? Why is the concept of Anarchy important for understanding the difficulties for international negotiations on environmental issues?
Disadvantages of using automated accounting systems : What are the advantages and disadvantages of using automated accounting systems to do adjusting entries?
Materials costs and conversion costs problem : Materials costs of $200,000 and conversion costs of $214,200 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the proce..
Find probability that selected graduates finds a job : Find the probability that among 9 randomly selected graduates, at least one finds a job in his or her chosen field within a year of graduating.
Calculate the [ch3co2h] ionized in solution : Calculate the [CH3CO2H] ionized in solution for 0.1M acetic acid knowing that ph= 2.9 [H+]= 1.26 x 10^-3 M  , [OH-]= 7.94 x 10^-12 M
Why would the second set of broths be used : when conducting phenol red broth fermentation test, some microbiologists inoculate two sets of broth, one with carbohydrate and one without (PR Base Broth). Given that an uninoculated control is used to increase the reliability of the test, why wo..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing merchandise purchase budget

Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $408,000 for April and $485,000 for May. Cost of goods sold is expected to be 64% of sales.

  Describe the various approaches required by current gaap

Please describe the various approaches required by current GAAP standards for reporting changes in accounting principles? Discuss how these approaches may be impacted by the adoption of new IFRS standards.

  Please include thorough explanation

Please include thorough explanation and thorough calculations for each answer chosen.  The differential approach is often considered superior to the total project approach to capital budgeting:because it can more easily accommodate multiple investmen..

  Total capital assets in the governmental activities

Expenditures were $3,000,000 in 2006 and $2,015,000 in 2007, including a change order in the amount of $15,000. What amount should be added to net capital assets in the governmental activities accounts in 2007?

  Explain computation of bond liability

Messier Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. Explain Computation of Bond Liability

  Discuss relevance of accounting standard-setting process

Financial statement users often liken accounting standard setting to a political process. One user asserted that: My view is that the setting of accounting standards is as much a product of political action as of flawless logic or empirical findin..

  Major conflicts between divisional scorecards

How would a Balanced Scorecard for Chadwick, Inc., differ from ones developed inits divisions, such as the Norwalk Pharmaceutical Division? Do you anticipate that there might be major conflicts between divisional scorecards and those of the corpor..

  Wacc calculation of haverford company

Several years ago the Haverford Company sold $1,000 par value bond that now has 25 years to maturity and an 8.00% annual coupon that is paid quarterly.

  Determine the amount of operating cash flows the company

A company provides services on account during the current year totaling $400,000. By the end of the year, $350,000 of this amount had been received on account from customers for services provided in the prior years. Determine the amount of operati..

  Calculate the issue price of the bonds

a. Calculate the issue price of the bonds. b. Without prejudice to your solution in part a, assume that the issue price was $884,000. Prepare the amortization table for 2008, assuming that amortization is recorded on interest payment dates.

  How to prepare a cash budget for october and november

Fabrice Corp. requires a minimum $6,200 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly).

  Maximum depreciation expense problem

Litman LLC placed in service on July 29, 2009 machinery and equipment (7 year property) with a basis of $400,000. Litmans income for the current year before expensing was $100,000. Calculate the maximum depreciation expense including section 179 (..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd