a)
To explain: The appropriate document for gathering and analyzing the related facts.
Introduction:
Acquiring and implementing
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
b)
To explain: The appropriate document for gathering and analyzing the related facts.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
c)
To explain: The appropriate document for gathering and analyzing the related facts.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
d)
To explain: The appropriate document for gathering and analyzing the related facts.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
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Accounting Information Systems
- Placing unreasonable expectations on a student Outline of the case You are a trainee accountant in your second year of training within a small practice. A more senior trainee has been on sick leave, and you are due to go on study leave. You have been told by your manager that, before you go on leave, you must complete some complicated reconciliation work. The deadline suggested appears unrealistic, given the complexity of the work. You feel that you are not sufficiently experienced to complete the work alone. You would need additional supervision to complete it to the required standard, and your manager appears unable to offer the necessary support. If you try to complete the work within the proposed timeframe but fail to meet the expected quality, you could face repercussions on your return from study leave. You feel slightly intimidated by your manager, and also feel pressure to do what you can for the practice in what are challenging times. Key fundamental principles affected…arrow_forwardAssume that you are currently working as an accountant, and your manager has to take an unexpected sick leave. Because you did very well in your accounting classes, the Senior Accountant asks you to step up and help with the review of reconciliations. What would be your first step? Maybe you would dive right into it, assuming you would figure out what to do as you moved through all the existing reconciliations, or maybe you would ask for a copy of policies and procedures for this task if any exist, so you could find instructions without asking the Senior Accountant constantly what to do. In addition to reviewing reconciliations, you will need to review disclosures to financial statements. How would you know if all the necessary disclosures were prepared and contained correct information?arrow_forwardYou have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b…arrow_forward
- Mr. Henry Dominic, Director of Dominic CPA Review Schools was considering the use of a new practice at the end of the two-week introductory portion of his class. The set was designed to meet two principal objectives. First, he hoped that it would serve as a screening device for identifying those students who had failed to grasp some of the more elementary concepts of financial accounting. Second, the set was designed to serve as a vehicle for introducing several new concepts which would be covered in more depth in the next section of this course. The beginning of the year balance sheet for the green Ville Company was as follows: Cash.. Inventory.. ASSETS Total current Assets.... Property, plant and eqpt.... Less: A/D PPE.. Net Fixed Assets.. Total Assets............ FINANCIAL REPORTING June 1 GREEN VILLE COMPANY Balance Sheet As of January 1, 2021 P25,000 10,000 35,000 15,000 5,000 10,000 P45,000 EQUITIES Accounts payable......... .P10,000 Total Current Liabilities..... 10,000 Capital…arrow_forward1. Letters of recommendation: A. Are written testimonies from others regarding your credibility B. Can come from supervisors, coworkers, or instructors C. Should be no more than two years old D. All of these 2. An electronic image is: A. Formed when someone is communicating with you through electronic means B. Formed by how you conduct yourself over the phone C. Formed from how you send your résumé D. All of these 3. A career objective is an introductory statement: A. On a resumé for individuals with professional experience related to target career B. On a cover letter for individuals with professional experience related to target career C. On a cover letter for individuals with little or no work experience D. On a resumé for individuals with little or no work experiencearrow_forwardPlease help me answer this thanks and follow the directionarrow_forward
- can you help me on how to do my assignment?arrow_forwardTina Bailey, a student of intermediate accounting, was heard to remark after a class discussion on segment reporting, “All this is very confusing to me. First we are told that there is merit in presenting the consolidated results, and nowwe are told that it is better to show segmental results. I wish they would make up their minds.” Evaluate this comment.arrow_forwardShining Glass is switching to a new accounting information system. To expedite the implementation, the managing director asked your consulting team to postpone establishing standards and controls until after the system is fully operational. What will be your response to the managing director’s request? Explain.arrow_forward
- Implementing the closure process includes several wrap-up activities. Many organizations develop lengthy lists for closing projects as they gain experience. These are very helpful and ensure nothing is overlooked. Implementing closedown includes the following six major activities: Getting delivery acceptance from the customer. Shutting down resources and releasing to new uses. Reassigning project team members. Closing accounts and seeing all bills are paid. Delivering the project to the customer. Creating a final report. Group of answer choices True Falsearrow_forwardA. acritical analysis of some of the complexities and key issues involved in impairment testing especially in light of the COVID-19 pandemic. In your analysis, you can refer to one or more publications issued by the 'Big 4' firms, accounting professional bodies or academic journals. For the Part A of the report requirements, you need research on complexities with impairment testing. Here you will need to look at reports released by the Big 4 accounting firms or the professional accounting bodies like CPA, CA or ACCA. Briefly summarise what the key complexities could be. For example, you need to calculate recoverable amount for impairment testing which is fair value less costs to sell or value in use. Given the uncertainties posed by COVID, perhaps it is hard to calculate future cash flows for value in use, or fair values might no longer be available, or risk or interest rates might be of concern. need to analyse and summarise what key accounting bodies and accounting professionals have…arrow_forwardThe Human Resources Manager for Optilytics LLC is evaluating applications for the position of Senior Data Scientist. The file OptilyticsLLC presents summary data of the applicants for the position. a. Use a PivotTable in Excel to create a joint probability table showing the probabilities associated with a randomly selected applicants sex and highest degree achieved. Use this joint probability table to answer the questions below. b. What are the marginal probabilities? What do they tell you about the probabilities associated with the sex of applicants and highest degree completed by applicants? c. If the applicant is female, what is the probability that the highest degree completed by the applicant is a PhD? d. If the highest degree completed by the applicant is a bachelors degree, what is the probability that the applicant is male? e. What is the probability that a randomly selected applicant will be a male whose highest completed degree is a PhD?arrow_forward
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