What type of backend controls are required in ais to ensure

Assignment Help Accounting Basics
Reference no: EM13136114

The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.

Reference no: EM13136114

Questions Cloud

Should a journal entry be made : On March 1, 2010, Freeze Company hires a new employee who will start to work on March 6. The employee will be paid on the last day of each month. Should a journal entry be made on March 6? Why or why not?
Environmental policy for behavior : Protecting the environment is a very difficult undertaking, and many Americans and politicians disagree with one another over how best to do so and what role (if any) the government should play in doing so.
Calculate test statistic used for conducting test : Assume the population standard deviation is 7.1 mpg. State the correct null and alternative hypotheses that the company wishes to test. Calculate the test statistic that would be used for conducting the desired test.
Social programs-government spending : Today one of the biggest expenses of the federal government is various social programs. Some programs are for the elderly like Social Security and Medicare, while others like Medicaid, welfare and food stamps are for the impoverished.
What type of backend controls are required in ais to ensure : The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.
Expected rate of increase in housing prices : If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to buy houses?
What is the actual yield of iron : what is the grams of 9.31 x 10^24 molecules of methanol (CH3OH)? combining 0.357 mol of Fe2O3 with excess carbon produced 19.2g of Fe ;  Fe2O3 + 3C ---> 2Fe + 3CO what is the actual yield of iron?
Terms of participation in elections : What changed, if anything, in the American political culture in terms of participation in elections between 2008 and 2012?
Amount of differential cost increase-decrease : If 30,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Partnership income taxation

What is the amount of income from the partnership that Diamond Co. must report for its tax year ending June 30, 2010? What is the amount of income from the partnership that Bill must report for her tax year ending December 31, 2010?

  Which method of costing and overhead application

Brenda McCoy, the managing partner of McCoy, Brennan, and Cable, a public accounting firm, is considering the desirability of tracing more costs to jobs than just direct labor.

  Would inventory turnover ratio be more important

Profit margins and turnover ratios vary from one industry to another. What differences would you expect to find between the turnover ratios, profit margins, and DuPont equations for a grocery chain and a steel company?

  Are these standards the same as u.s. standards

What are at least two International Accounting Standards (IASs)? Are these standards the same as U.S. standards? Why or why not?

  What is the current status of having the same accounting

What is the current status of having the same accounting standards throughout the world? Is any work being done on developing International Accounting Standards? Would you vote for or against such standards, and why?

  Change in accounting estimate

A change in an accounting estimate is: how much depreciation expense should the company recognize on December 31, 2010?

  Amount of accrued interest payable

The amount of accrued interest payable that should be shown on the December 31, 1998 balance sheet is ?

  Consolidated balance for land on balance sheet

There were no other transactions which affected the companies' land accounts during 2006. What is the consolidated balance for land on the 2006 balance sheet?

  Incremental unlevered net income

Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)

  Increasing company value for stakeholders

What are the factors that lead to a valuation of a company's worth compared to that of the financial statements? How do company executives create the most value for all stakeholders?

  Principal and interest on the debt

One quarter of the principal plus interest is payable on June 30 of each year beginning June 30, 2009. Property owners are assessed to provide the funds to pay the principal and interest on the debt.

  What is the rate of return on common stockholders equity

What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?

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