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The public accounting profession is quite competitive and it is through the effective use of technology that one can maintain a competitive edge. For example, an auditor can usually complete an audit engagement in less time--and be surer of his/her findings--than he/she would be without using technology in his/her audit. This will permit the auditor to charge less for his/her work and to obtain more clients. And, if his/her findings can be supported, he/she will be less likely to experience legal ramifications (from the SEC, from stockholders, and so on).
Discuss some other changes you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated IT.
Discuss several career opportunities available to students who combine a study of accounting with course work in AISs, information systems, and/or computer science. Can you think of other jobs where these skill sets would be desirable?
"When we computerize an AIS, we merely change how the data is processed; we don't change what tasks are performed." Do you agree? Give examples to support your position.
BT's absorption costing Income Statement for the month ended and reconcile and explain the difference between BT's Variable and Absorption Net Operating Income.
Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.
Evaluate what percentage interest in the pool is held by town and the school district and show entry in the Investment Trust Fund to record the School District's investment in the pool.
Evaluate the machine capability
Evaluate the selling price and produce a contribution margin per
What qualitative matters should be taken in considerations with requirement c and d? Describe. Would you change the decision taken on c and d? Clarify.
Evaluate the cost of Finished goods inventory and Work-in-process inventory. Ron requires the ending inventory balances to report first quarter numbers
what is the interest rate helping you understand your plan, if you save your money right now?
the regression equation and the high-low equation, find the increase in revenues for each $1,000 spent on advertising within the relevant range?
For consolidated financial statements for 2011, evaluate the balances that would appear for the subsequent accounts: (1) Buildings (net), (2) Operating expenses, and (3) Non-controlling Interest in Subsidiary's Net Income.
Changing the companies incorporated in combined financial statements and change in both acceptable and estimate accounting principles
What is compensation expense related to the stock option plan in fiscal 2008
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