Accounting information systems

Assignment Help Accounting Basics
Reference no: EM13499900

"Accounting Information Systems" Please respond to the following:

•Distinguish between the fundamental aspects of cash-basis accounting and accrual-basis accounting. Of the two (2), suggest the method that is more useful to creditors. Justify your response.
•Imagine that you work for an organization that uses the accounting worksheet for internal purposes only. Speculate on the main reasons why management would use the accounting worksheet for internal purposes only. Recommend to management reasons why the worksheet should become a permanent accounting record. Explain the rationale behind your recommendation.

Reference no: EM13499900

Questions Cloud

Approach the chief financial : Imagine that you are going to approach the Chief Financial Officer of your organization to propose an HR initiative involving the development and implementation of a diversity training program
State two types of co-factors required by certain enzymes : Convert a concentration of 4x10-4 M to millimol per milliliter. List the two types of co-factors required by certain enzymes.
What is due process : As accounting standards globalise, the standard setting bodies face the challenge of accommodating the Islamic prohibition on interest, and other aspects of Sharia law, into money making.
Elements of the marketing process : Explain the various elements of the marketing process
Accounting information systems : Accounting Information Systems
Explain what mass of liquid will be present : The vapor pressure of CCl3F at 300 K is 856 torr. If 12.0g of CCl3F is enclosed in a 1.0 L container, what mass of liquid will be present
Complete balance sheet and cash-flow statement : Complete balance sheet and cash-flow statement with assumptions as part of the operating model. Income statement is almost complete. Company : Jetblue
Explain how many molecules would be contained at pressure : How many molecules would be contained in each of the following at the same temperature and pressure. A.) 5.0 L hydrogen
What will be the final speed of the pair : Two identical boxcars (m = 15730 kg) are traveling along the same track but in opposite directions. what will be the final speed of the pair

Reviews

Write a Review

Accounting Basics Questions & Answers

  Variable predetermined manufacturing overhead rates

Compute the total, fixed, and variable predetermined manufacturing overhead rates. Compute the total, controllable, and volume overhead variances.

  Illustrate out the term federalism explain three advantages

the system of federalism was instituted with the writing and authorization of the constitution in 1787. in dividing

  Assume that 80 of the cost of revenue and 30 of the selling

sprint nextel is one of the largest digital wireless service providers in the united states. in a recent year it had

  Amount and character of loss reported on joint return

During 2010, Vera Venture sold her interests in two small business corporations. Her loss on Ballpoint Pen Corporation stock was $120,000 and her loss on Pencils Corporation stock was $20,000. Both losses qualify under Code Sec. 1244. Vera files j..

  Caesar builders next dividend payment will be r 350 per

caesar builders next dividend payment will be r 3.50 per share. dividends are expected to maintain an annual growth

  Financing sources city enterprise fund

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000-the Enterprise Fund will report total other financing sources in the amount of

  Calculate the depreciation for the trucks

Calculate the depreciation for these trucks for the 2010 and 2011 years under each of the following depreciation methods. The trucks are expected to accumulate 60,000 and 70,000 miles in years 2010 and 2011 respectively.

  Discuss the inherit risks related to sampling methods

Discuss the inherit risks related to sampling methods and how the risk of audit sampling can be minimized by the auditing team.

  Standards associated with the types of engagements

Government Auditing Standards published by the United States Government Accountability Office define standards associated with the following types of engagements:

  Safe travel produces car seats for children from newborn to

safe travel produces car seats for children from newborn to 2 years old. the company is worried because one of its

  Estimated manufacturing overhead

The predetermined manufacturing overhead rate for 2010 was $4.00 per direct labor hour; employees were paid $5.00 per hour. If the estimated direct labor cost was $75,000, what was the estimated manufacturing overhead?

  The following selected accounts appear in adjusted trial

the following selected accounts appear in the adjusted trial balance columns of the worksheet for goulet

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