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The public accounting profession is quite competitive and it is through the effective use of technology that one can maintain a competitive edge. For example, an auditor can usually complete an audit engagement in less time--and be surer of his/her findings--than he/she would be without using technology in his/her audit. This will permit the auditor to charge less for his/her work and to obtain more clients. And, if his/her findings can be supported, he/she will be less likely to experience legal ramifications (from the SEC, from stockholders, and so on).
Discuss some other changes you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated IT.
Discuss several career opportunities available to students who combine a study of accounting with course work in AISs, information systems, and/or computer science. Can you think of other jobs where these skill sets would be desirable?
"When we computerize an AIS, we merely change how the data is processed; we don't change what tasks are performed." Do you agree? Give examples to support your position.
With an annual production rate of 5,000 units, how long will it take to reach break-even point of using automated equipment?
Articles of Partnership stipulated that losses and profits be assigned in the subsequent manner and every partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
Evaluate the inventory turnover ratio for 2010 using the LIFO and FIFO cost-flow assumption methods. Describe why the costs assigned to inventory under LIFO at the end of 2009 and 2010 are so much less than they are underFIFO.
What is the yield that Trevor could earn by selling the bonds today
What if we simply bartered for all? Would our economy grow - with that said, is pursuit of ALL self interest in a contract unethical and if not, at what point does it become unethical?
what is the interest rate helping you understand your plan, if you save your money right now?
Journalize the entries to record the operations, identifying each entry by letter. Compute the July 31 balances of the inventory accounts. Compute the July 31 balances of the factory overhead accounts.
Determine the total budgeted contribution margin for Greiner Company by month and in total for the first quarter of 2013. Be sure to show supporting calculations.
Pretend you are hired to debate the issue of the proper treatment of options written on a company's own stock. Evaluate your argument, citing concepts and definitions to buttress your case, suppose
What is the incremental income associated with accepting the special order? Evaluate the incremental revenue associated with accepting the special order?
Determine the basic EPS and the diluted EPS for Peak Performance
Evaluate the expected contribution margin ratio and round to the nearest whole percent, find the break-even sales in units and prepare a cost-volume-profit chart on your own paper. What is break-even sales
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