Discuss the role of documentation in developing

Assignment Help Financial Accounting
Reference no: EM131216821

Accountants are involved in AIS design, development, and implementation, including ensuring that business rules and internal controls are integrated in the AIS. Discuss the role of documentation in developing and implementing an effective AIS.

Reference no: EM131216821

Questions Cloud

Understanding of organizational risks-mitigate those risks : This Discussion will assess your understanding of organizational risks and ways to mitigate those risks. Briefly discuss at least three risk factors that may be prevalent in a manufacturing entity’s inventory management, and recommend an internal con..
About implicit taxes and tax clienteles : The ABC Corporation is a large multinational company that has facilities (both manufacturing and distribution) located in many U.S. states and in overseas countries. She vaguely recalls having heard about implicit taxes and tax clienteles and would l..
Identification and recording of business transactions : The financial accounting cycle starts with the identification and recording of business transactions and events collected using source documents. Review the business processes of an organization you are familiar with and identify at least five exampl..
Discuss the role of documentation in developing : Accountants are involved in AIS design, development, and implementation, including ensuring that business rules and internal controls are integrated in the AIS. Discuss the role of documentation in developing and implementing an effective AIS.
Impacted accounting information systems : Drawing from your business and professional experiences, discuss how the use of computer information technology in your organization has impacted accounting information systems (AISs) and show how the different components of an AIS have influenced th..
Result of increasingly sophisticated information technology : Advances in IT are likely to have a continuing impact on financial accounting. What are some changes that you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated informa..
In a principal–agent relationship : In a principal–agent relationship, explain why an agency would be irrevocable as in an agency coupled with an interest. Then explain the difference between an agency coupled with an interest and a wrongful termination of an agency. Please include wha..
The uniform commercial code covers goods : The Uniform Commercial Code covers goods, but sometimes you have a contract that has a mix of goods and services so you have to determine what is the predominant. How do you determine if a contract is predominantly a good in difficult situations?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Company is committed to paying its direct labor

The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor workforce for at least 5,480 hours in total each month even i..

  Perpetual inventory system-reduce the inventory reflected

Frisbee Hardware uses a perpetual inventory system. At year-end, the Inventory account has a balance of $250,000, but a physical count shows that the merchandise on hand has a cost of only $246,000. Record the entry to reduce the inventory reflected ..

  How much would overwood be paid for an hours

If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours?

  Compare the total operating income

Compare the total operating income on the 200 tables for requirements 2 and 3. What do you recommend Pacific do based exclusively on your calculations? Explain fleetingly

  IRR-NPV and Profitability Index

Consider two projects that your company is evaluating. Project A has cash flows of -25, +11, +12, and +10 at time-zero, one year from now, two years from now, and three years from now, respectively. Project B has cash flows of -50, +22.5, +21.5, and ..

  Prepare a variance analysis report with both flexible-budget

Prepare a variance analysis report with both flexible-budget and sales-volume variances.

  Objectives1 demonstrate an ability to provide eliminating

objectives1 demonstrate an ability to provide eliminating as well as adjusting entries in the preparation of

  Compute the ending inventory and cost of goods

Calculate depreciation on the drilling machine for 2011 and 2012 applying the typical U.S. GAAP treatment and repeat requirement 1 applying IFRS.

  Prepare revenues budget

Nonmanufacturing fixed costs for March equal $32,000. The only variable nonmanufacturing costs are sales commission, equal to 1% of sales revenue.

  Potential problem with financial statement analysis

Which of the following does not represent a potential problem with financial statement analysis?

  Make adjustments to gaap financial statements

Describe the most important reasons why an analyst would choose to make adjustments to GAAP financial statements. Give one example of an adjustment an analyst might make and describe how the adjustment helps the analyst accomplish his or her objectiv..

  Preparing adjustments on march 31

Additional facts are available for preparing adjustments on March 31 prior to financial statement preparation - the March 31 amount of computer supplies still available totals $2,015 and  three more months have expired since the company purchased its..

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