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Accounting Information Systems are becoming more and more important in any business. Data is becoming too big to handle or Big Data, which leads to more risk management on the part of accountants and more data analysis as well. The Committee of Sponsoring Organizations (COSO) developed an internal control framework in which external auditors now issue an audit opinion on the internal controls and their effectiveness. Auditors are also required to test for fraud. Enterprise Resource Planning is also playing an increasing role in AIS.
Problem 1: How does COSO and the Enterprise Risk Framework govern the risk and use of electronic data? and In what ways is COBIT different?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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