Accounting Information Systems
11th Edition
ISBN: 9780357156032
Author: Ulric J. Gelinas; Richard B. Dull; Patrick Wheeler
Publisher: Cengage Limited
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Textbook Question
Chapter 1, Problem 1RQ
Describe this textbook’s three themes.
Expert Solution & Answer
Summary Introduction
To determine: The three themes of the textbook.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
Explanation of Solution
Describe the three themes of the textbook:
The three themes of the textbook are enterprise system, e-business, and internal control. Enterprise system helps the firm to integrate the information from all the functional areas of the organization. E-business refers electronic business which assists in undertaking the business process between the organization and individual using the application of electronic network.
Internal control is the process that provides promise concerning the consistency of reporting, efficiency, and effectiveness of the operations, and compliance with the applicable regulation.
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(d) Estimate the value of a share of Cisco common stock using the discounted cash flow (DCF) model as of July 27, 2019 using the following assumptions
Assumptions
Discount rate (WACC)
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7.60%
5,029.00 million
Net nonoperating obligations (NNO) $(8,747) million
NNO is negative, which means that Cisco has net nonoperating investments
CSCO
($ millions)
DCF Model
Reported
2019
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2020 Est.
2021 Est.
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2023 Est.
Terminal
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Increase in NOA
FCFF (NOPAT - Increase in NOA)
$
1241
1303
1368
10673
11207
11767
1437 $
12354
302 ✓
Present value of horizon FCFF
9918
9679
9445 ✔
0 ×
Cum. present value of horizon FCFF $
0 ×
Present value of terminal FCFF
0 ☑
Total firm value
0 ☑
NNO
-8747 ✓
Firm equity value
$
0 ☑
Shares outstanding (millions)
5029
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$
40.05
Don't used hand raiting and don't used Ai solution
Don't used hand raiting and don't used Ai solution
Chapter 1 Solutions
Accounting Information Systems
Ch. 1 - Describe this textbooks three themes.Ch. 1 - Prob. 2RQCh. 1 - A system must have organization,...Ch. 1 - Prob. 4RQCh. 1 - Prob. 5RQCh. 1 - Prob. 6RQCh. 1 - Why is the information system important to the...Ch. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - Prob. 10RQ
Ch. 1 - Prob. 11RQCh. 1 - Refer to Figure 1.9. Characterize the horizontal...Ch. 1 - Prob. 13RQCh. 1 - Prob. 14RQCh. 1 - Prob. 15RQCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Why must you have knowledge of a systems...Ch. 1 - Prob. 6DQCh. 1 - Prob. 7DQCh. 1 - Prob. 8DQCh. 1 - Prob. 9DQCh. 1 - Prob. 10DQCh. 1 - Between relevance and reliability, which...Ch. 1 - Prob. 12DQCh. 1 - Prob. 13DQCh. 1 - Prob. 1SPCh. 1 - Prob. 2SPCh. 1 - About three decades ago, in his first address as...Ch. 1 - Prob. 2PCh. 1 - Conduct research on the implementation of Section...Ch. 1 - Prob. 4PCh. 1 - Prob. 5PCh. 1 - Prob. 6PCh. 1 - Prob. 7PCh. 1 - Prob. 8PCh. 1 - Identify the skills required to be a forensic...
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