Chapter 4, Problem 4EYCT

Answer the following questions to ponder: 1. When does an accounting information system becomes useful? 2. Research on accounting information systems available on the market and share what you found. 3. What is the relevance of having subsidiary ledgers aside from control accounts?

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process

Big data is mined ________. A. to find business trends B. to record transactions C. as an alternative to creating an accounting information system D. as an alternative to the darknet

The following information pertains to Crossroads Consulting, Inc. Match each of the following parts of Crossroads accounting information system in the left-hand column with the appropriate item(s) from the right-hand column. You may use items in the right-hand column more than once or not at all. There may be several answers for each item in the left-hand column. You may choose items in the right-hand column more than once.

Companies need to report both monetary and nonmonetary data and information. A. Define these two terms and provide examples of each. B. Discuss what sources are available that provide companies with both types of data and information.

2. Answer the following questions related to the source document below. A. What business document is it? B. What is the purpose of the document? C. Who issued the document? D. Explain the purposes of the document number. E. Give the journal entry that would be made by the issuer of the document. Horseshoe Valley Ontaria, L4M 4Y8 DAVIDSON TREE EXPERTS Phone 705-321-8765 Fax 705-321-8862 March 10 Du 20- F. Vailliant RR I, Craighurst, ON LAM 4A7 NAME ADDRESS QUAN 6 pruning of mature trees, removing dead wood 30- 180 2 cut down and remove mature trees 75- 150 HST RECEVED AROVE IN GOOD ORDER F. Valiant TOTAL 330 CASH SALES SLIP 2651

Select an organization (or make one up) that markets to other businesses. Discuss how online shopping has changed in the business-to-business market using an example.  references and link at the end, please.

What are the best accounting practices for online businesses?

What are the uses of manual accounting information systems in business? What are the benefits of shifting to an electronic accounting system?