Determine the features of accounting information system, Financial Accounting

Assignment Help:

Determine the Features of Accounting information system

Accounting information system must have certain features which are common to all valid information systems within a business. These are:

? Identifying and capturing relevant information (in this case financial information);

? recording the information collected in a systematic manner;

? Analysing and interpreting the information collected;

? reporting the information in a manner that suits the needs of users.

 


Related Discussions:- Determine the features of accounting information system

What is the approximate tax rate, 1. From your review of note 3.7, how does...

1. From your review of note 3.7, how does the company determine whether a sale has occurred? 2. Using the consolidated income statement and consolidated statement of financial p

What is deferred taxation, Deferred taxation is caused by timing differenc...

Deferred taxation is caused by timing differences that arise when a transaction is recognized differently for accounting and tax purposes; for i.e, capital expenditure, that invol

Define accounting, Question 1 Define Accounting. Briefly explain the ‘Enti...

Question 1 Define Accounting. Briefly explain the ‘Entity Concept' and ‘Money Measurement Concept' of accounting Question 2 What is rectification of errors? List and explain the

Depreciation, what are methods of calculating depreciation?

what are methods of calculating depreciation?

Dissolution of a partnership, Dissolution of a partnership A partnership i...

Dissolution of a partnership A partnership is dissolved when: It is temporary (maybe set up for a given period which has lapsed); One partner notifies the others in writ

Explain forward loading with example, Q. Explain Forward loading with examp...

Q. Explain Forward loading with example? Terms may involve option to be issued with price to be determined based upon lowest price as of the issue date or for the subsequent 30

What is the cost recovery deduction, Tim purchased a used office building o...

Tim purchased a used office building on May 15, 2001, for $2,000,000. $500,000 of the purchase price was allocated to the land. On November 1, 2010 the building was sold. What is t

Accounting information system, REA diagram for (1) PEGASUS PAPER PRODUCTS a...

REA diagram for (1) PEGASUS PAPER PRODUCTS and (2)PIECES BOUTIQUE

Calculate the total capital, The current balance sheet of CBKH shows $800 m...

The current balance sheet of CBKH shows $800 million of corporate loans ($500 million of which being rated AA- and the remaining rated BBB+), $200 million of bonds issued by an OEC

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