What is an Accounting Information System

Assignment Help Financial Accounting

Reference no: EM132414653

Assignment Questions -

What Is Manual Accounting?

How do you balance your finances? Do you get a pen and paper and write everything out, or do you use a computer? Which method would be the best method for you? Businesses ask themselves the same question.

What is an Accounting Information System (AIS)?

Explain Principles of Accounting Information System are follow?

1. Cost-effectiveness,

2. Useful Output/ Necessity,

3. Flexibility.

What are the four functions associated with payroll activities?

What is a Subsidiary Ledger? And advantages of Subsidiary Ledgers.

What Are the Basic Phases of Accounting?

What are the four steps involved in finding differences between the balance per books and balance per bank?

Discuss the Importance of Internal Controls in Accounting?

What are the essential features of the allowance method of accounting for bad debts?

To have maximum effective internal control over cash disbursements is this true explain true?

Compare affect cash dividend and stock dividend on a balance sheet?

What are payroll internal controls?

What is the difference between Accounts Receivable and Notes Receivable?

What Is Contingent Liability? How Recording a Contingent Liability?

What is a long-term liability?

Explain Disadvantages/Demerits of Long Term Loans.

How do the financial statements for a corporate differ from the statement for a proprietorship?

What is Investment Cost?

Why do corporation invest securities?

Why corporations invest in stock corporations invest?

Distinguish between the cost and equity methods of accounting for investments in stocks?

Distinguish between short-term and long-term investments?

Reference no: EM132414653

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