1-. Write the General Ledger and Reporting General Controls used in companies to overcome the threats....

1-. Write the General Ledger and Reporting General Controls used in companies to overcome the threats.

2- Identify the three basic rules that apply to the REA model pattern

Accounting Information System

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ekkarill92 answered 11 months ago

Write the General Ledger and Reporting General Controls used in companies to overcome the threats. (3...

Write the General Ledger and Reporting General Controls used in companies to overcome the threats.

1. Describe three threats in the general ledger and reporting system and identify corresponding controls for...

1. Describe three threats in the general ledger and reporting system and identify corresponding controls for each threat. 2. How is an audit trail used in the general ledger and reporting system? 3. Explain the benefits of XBRL.

A well-designed accounting information system should provide adequate controls in the general ledger and reporting system...

A well-designed accounting information system should provide adequate controls in the general ledger and reporting system (or any cycle) to ensure that control objectives are met. Discuss those control objectives.

1) If the direct write-off method of accounting for uncollectible receivables is used, what general ledger...

1) If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited when a customer's account is written off as uncollectible? a.Accounts Receivable b.Uncollectible Accounts Payable c.Bad Debt Expense d.Allowance for Doubtful Accounts 2) If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written off on March 1, the entry to record the cash receipt after the account has been...

Discuss the difference between the financial reporting system and general ledger system.

Please, Complete the following information, with short answers: - General Ledger and Reporting Cycle: - What...

Please, Complete the following information, with short answers: - General Ledger and Reporting Cycle: - What is its Purpose? What are its Resources? What are its Documents? What are its Reports? What is its Information? What are its Activities? What are its Sub-Processes? Diagram the Process with the Input & Outputs?

Figure 16-1 Context Diagram of the General Ledger and Reporting System Figure 16-2 Level 0 Data...

Figure 16-1 Context Diagram of the General Ledger and Reporting System Figure 16-2 Level 0 Data Flow Diagram of the General Ledger and Reporting Cycle (annotated to include threats) Figure 16-3 Typical Design of Online General Ledger and Reporting System

Explain how the transaction cycles and the general ledger/financial reporting system interact with the conversion cycle.

GENERAL JOURNAL 1)Post the transactions from the general journal to the general ledger accounts. To confirm...

GENERAL JOURNAL 1)Post the transactions from the general journal to the general ledger accounts. To confirm that the posting has been performed, a posting reference is recorded in the Post Ref. column in the general journal. Date Account and Explanation Post Ref. Debit Credit Jun 1 Cash 104,000 Jun 1 Capital 104,000 (capital contribution) Jun 1 Music Equipment 48,000 Jun 1 Cash 48,000 (cash purchase of equipment) Jun 1 Cash 186,000 Jun 1 Bank Loan Payable 186,000 (received cash loan)...

1.) Record February and March transactions in the General Journal and post to the General Ledger....

1.) Record February and March transactions in the General Journal and post to the General Ledger. 2.) Record adjusting entries for February and March in the General Journal and post to the General Ledger. 3.) Prepare the adjusted trial balance as of February 28 and March 31. 4.) Prepare the following February and March financial statements: a) Income Statement for month ended February 28 and March 31 b) Statement of Stockholders Equity for month ended February 28 and March 31...

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