Answers
Answer)
An accounting information system is system that collects and processes accounting transactions data in order to come up with financial output for interested parties. To come up with an effective and efficient accounting information system, the following principles apply:
Cost effectiveness: the system should be effective in the sense that the benefits outweigh the costs. The value of financial reports which is output from the system should exceed the cost of producing them.
Usefulness: the output from the system must be accurate, relevant, timely and reliable in order to meet the needs of the interested parties.
Flexibility: the system should accommodate dynamic information needs, changing user’s needs. The business environment is ever changing due to factors like technological changes, organizational growth, competition, government regulation and changes in accounting principle. The system should thus in corporate all these changes in order to provide the most reliable output.
.Similar Solved Questions
1 answer
Which of the following best describes qualified dividends? Dividend distributions that are considered a return of...
Which of the following best describes qualified dividends? Dividend distributions that are considered a return of capital. Ordinary dividends that are subject to the same maximum tax rate that applies to net capital gain. Dividends that may be used to purchase additional shares in a corporation. Div...
1 answer
Please use EXCEL to do it, Thanks! Show your answers along with the formula and steps...
Please use EXCEL to do it, Thanks! Show your answers along with the formula and steps you used for each question Problem 2: A US-based firm expects to pay 1,000,000 for importing goods 90 days later. Thc firm's manager want to hedgc against possible currency risk in the future. The risk-free rat...
1 answer
Given the null and alternative hypotheses and sample information shown below, complete parts a and b....
Given the null and alternative hypotheses and sample information shown below, complete parts a and b. Can you please check the answers and show the steps? Given the null and alternative hypotheses and sample information shown below, complete parts a and b. Ho: 07 = 63 HA: 0; #o2 Sample 1 n =...
1 answer
A-l!!! 222 333 Give a basis for a) RowA b) ColA c) NulA
A-l!!! 222 333 Give a basis for a) RowA b) ColA c) NulA...
1 answer
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory...
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 385,000 676,600 Total cost $ 301,600 $ 400,000 $ 701,600 Assume the equivalent units of production for material...
1 answer
A maintenance man has 12 keys on his key ring. If he tries the keys at...
A maintenance man has 12 keys on his key ring. If he tries the keys at random on a storage room door, discarding those that do not work, what is the probability that he will get the door open on his 4th try?...
1 answer
Alternative Exercise 22.105 A long, straight wire carries a current of 7.4 A
Alternative Exercise 22.105 A long, straight wire carries a current of 7.4 A...
1 answer
(6) Find the voltage acruss 12.2 Resistor using nodal Analysis. ver 12.12 3A 6.12 SV осе...
(6) Find the voltage acruss 12.2 Resistor using nodal Analysis. ver 12.12 3A 6.12 SV осе dwar TEK_102 CAS Aw 4 $ A 3 5 6 & 7 8 1 0 - 9 ർമിക്ക E 20 T Y C - o P D F G HT J к L с V V B z M ? ah command option...
1 answer
QUESTION 2 For the below loaded truss, P1-20 kN, P2 30 kN, P3-40 kN. 3 m...
QUESTION 2 For the below loaded truss, P1-20 kN, P2 30 kN, P3-40 kN. 3 m B 12 m--2 m--2 m--2 m--2 m-1-2 m- P Choose the best answer for the force in member KC in kN if the vertical reaction Gy 33.33 kN. State d the member is in tension (T) or compression (C) 12.67 (C) a.67 (C) 6.6 (D 12.67 ( For the...
1 answer
Naming Alkyl Halides 1. Wribe the names of the following sustents: 2. Determine the IUPAC name...
Naming Alkyl Halides 1. Wribe the names of the following sustents: 2. Determine the IUPAC name or draw the tructure of each of the following all halides Hier en condupsen en benques снусн, сн. Name: 3-bromo 5,6 difluoro-2-methyloctane Name: 1-chloro 2 lodocy...
1 answer
Consider a five-year, default-free bond with annual coupons of 4% and a face value of $1,000 and assume zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5 years Zero-Cou
Consider a five-year, default-free bond with annual coupons of 4% and a face value of $1,000 and assume zero-coupon yields on default-free securities are as summarized in the following table:Maturity1 year2 years3 years4 years5 yearsZero-Coupon Yields3.00%3.30%3.50%3.70%3.80%a. W...
1 answer
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000...
1 answer
0.50 M solutions of each weak acid in the table are available. Choose an acid solution...
0.50 M solutions of each weak acid in the table are available. Choose an acid solution and determine what volume, in ml, of a 1.00 M NaOH solution should be added to 1.00 L of the acid solution to create a buffer with pH = 3.94. acid base pairs to use: K på, HCO2H/NaHCO2 H2CO3 NaHCO3 H3B03 NaH...
1 answer
Game Theory Economics If its stage game has exactly one Nash equilibrium, how many subgame perfect...
Game Theory Economics If its stage game has exactly one Nash equilibrium, how many subgame perfect equilibria does a two-period, repeated game have? Explain. Would this answer change if there were T periods, where T is any finite integer?...
1 answer
Floribama Hospital just learned that their current EHR will no longer be supported by the IS...
Floribama Hospital just learned that their current EHR will no longer be supported by the IS vendor starting in two years. In the hospital's rush to select an IS, it decided to take some short cuts. These short cuts included: • Creating a committee of only three people to select the system ...