Identify the components of an accounting information system

Assignment Help Accounting Basics
Reference no: EM132840830

The Moe Club (MC) of Willimantic, Alaska is a popular local community recreational club. The MC collects dues from members to pay for the printing and mailing costs of monthly newsletters. MC maintains only a minimal accounting information on manual pages or, at best, the spreadsheets.

Required:

Problem 1: Since the MC keeps simple manual accounting records, would you consider such systems "accounting information systems (AIS)"? Discuss fully.

Problem 2: What benefits would the MC might get from computerizing some or all of the club's financial information?

Problem 3: Identify the components of an accounting information system.

Reference no: EM132840830

Questions Cloud

What is the marginal product of labor : What is the marginal product of labor & the law of diminishing returns? How are these two concepts related to the labor market? Give an example.
Define the term marginal revenue product of labor : What are the two components of this, and why is it said to reflect the firm's (business organization) demand for labor? Use a few examples.
Calculate the amount of interest that the company will pay : Calculate the amount of interest that the company will pay every six months to the bondholders. The bonds were placed in full at $575,000
Contrast stationary forecasting model : Compare and contrast the stationary forecasting model approach with that of a time series forecasting approach.
Identify the components of an accounting information system : Since the MC keeps simple manual accounting records, would you consider such systems "accounting information systems (AIS)"? Discuss fully.
Describe the theory of purchasing power parity : Describe the "Theory of Purchasing Power Parity". List any THREE (3) factors that can cause the supply curve for bonds to shift
Discuss five components of the coso framework : The COSO framework of internal controls is practiced within companies around the world. The objectives of the COSO framework are closely related to its five.
Prepare general journal entries for the month of june : Prepare General Journal entries for the month of June 2018. A business conducts a stocktake and determines that the value of inventory on hand.
Strategic business function : To a great extent, purchasing and materials management is becoming a strategic business function.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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