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Three keywords about "Accounting" that we learned in class are 1) measurement, 2) processing, and 3) communication.
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- For which type of learning outcomes would be the essay test be least useful?A. Understanding of accounting principlesB. Thinking skillsC. Organization of ideasD. Knowledge of factsE. Application of accounting principlesWhich of the following is a fundamental characteristic of accounting information? Select one: O A. Predictive Value O B. Completeness OC. Faithful Representation O D. Comparability Tin FinishExplain what it means to say that an accounting class is not the same as a math class.
- What two primary qualitative characteristics make accounting information useful? Predictive value and relevance. Relevance and neutrality. Faithful representation and relevance. Faithful representation and predictive value.in your own words, what is accounting information system (AIS)? List and discuss the three sub system of AIS and identify which one you consider the most important of the three and state why?THEORY PROBLEM Explain why accounting students should study Accounting Information Systems? Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain. Briefly describe the types of users of the SIA and what are the benefits of the output of the AIS for their work or profession? One of the characteristics of useful information is that it must be timelines and complete. Which is more important, timely but incomplete information, or complete information, but too late? Give an example! Briefly describe the purpose of internal control and provide an example of an internal control application for that purpose!
- what is creative accounting ?ACCOUNTING IS TRADITIONALLY SEEN AS FULFILLING THREE FUNCTIONS,SCOREKEEPING,ATTENTION DIRECTING AND PROBLEM SOLVING.EXPLAIN.Which of the following is not a fundamental quality of useful accounting information? Group of answer choices Faithful representation. Relevance. Faithful representation and Relevance. Materiality
- The accompanying chart shows the qualitative characteristics of useful accounting information. Fill the blanksThe area of accounting concerned with providing internal users with information is called O a. managerial accounting. O b. internal accounting. O c. financial accounting. O d. public accounting.Which of the following is a fundamental quality of useful accounting information? Select one: Comparability Consistency Relevance Materiality