Cash flow statement and accounting information systems, Accounting Basics

Assignment Help:

1. My accountant has told me that my business made a profit of £100,000 last year. However over the same time period my bank balance has decreased and not increased as I expected.

Discuss this statement using examples to highlight the roles that the Profit statement and cash flow statement perform in providing relevant financial information to business and why an accounting profit may not be reflected by an increase in cash at bank.

2. Outline the basic principles and major development phases of accounting information systems (AIS).

Include in your answer brief discussion of the key characteristics of useful information supplied by an AIS.


Related Discussions:- Cash flow statement and accounting information systems

Concept of accounting, what is the implication of applying accounting conce...

what is the implication of applying accounting concept wrongly

What do you mean by stock, Q. What do you mean by Stock? Stock -- a cer...

Q. What do you mean by Stock? Stock -- a certificate (or electronic or other record) which indicates ownership of a portion of acorporation; a share of stock. Preferred stock p

Choosing an accounting career, Q. Choosing an accounting career? How co...

Q. Choosing an accounting career? How companies have a choice in inventory cost methods among specific identification, LIFO, FIFO and weighted-average. Likewise one of the grea

What is payroll?, Payroll implies with paying your employees (having seeing...

Payroll implies with paying your employees (having seeing that the government gets the monies they require you to withhold from the employees and the payroll taxes they needs you t

Balancesheet derivation question, Assignment Comments –    Debt-to-assets...

Assignment Comments –    Debt-to-assets ratio: 50% Current Ratio: 1.8x Total assets turnover: 1.5x       Days sales outstanding: 36.5 days* Gross profit margin

Peachtree accounting, what are the options of setting up companies chart of...

what are the options of setting up companies chart of account

Procedure for testing , What is procedure for testing after implementation ...

What is procedure for testing after implementation as functional consultant? Ans) Testing involves a step by step check of several transactions configured in the SAP system.

The amounts to be paid on principal , On January 1, 2012, Muller Co. borrow...

On January 1, 2012, Muller Co. borrowed cash from Washington Valley Bank by issuing a $100,000 face value 3-year installment note payable that carried a 7% interest rate. The note

Example of perpetual inventory procedure, Q. Example of perpetual inventory...

Q. Example of perpetual inventory procedure? The Perpetual inventory procedure Companies use perpetual inventory procedure in a range of business settings. In the past companie

Describe the mechanisms that worldcom''s management, Describe the mechanism...

Describe the mechanisms that WorldCom's management used to transfer profit from other time periods to inflate the current period.

Write Your Message!

Captcha
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