This is an Accounting Information System assignment
Identity and explain these 5 principles important to Accounting
Information System reliability.
A function of an Accounting Information System is to provide
internal controls to ensure data integrity. What is meant by the
term internal control?
Identify and explain 3 main types of internal control.
Outline a control in the revenue cycle which could be relied on
to ensure that all sales are properly captured in a manual
Accounting System and therefore enhance...
1. What are the advantages of using subsidiary ledgers?
2. Certain principles should be followed in the development of
an accounting information system. Identify and explain each of the
principles.
3. What are the essential features of the allowance method of
accounting for bad debts?
Question1
-explain the concept and principles that underlie
accounting?
-explain how accounting concepts, principles, and recognition
criteria interrelated and provide guidance when recording cerian
transections. provide at least one example to illustrate your
answer?
-Explain the objective of general-purpose financial reporting as
defined in the Conceptual Framework. Why is it necessary to have an
objective?
-Provide a brief summary of each of the qualitative
characteristics and the constraint on providing financial
information as outlined in the Conceptual Framework
?
-Two...
Accounting conventions are common guidelines and
practices—principles, assumptions, and constraints—followed by
accounting professionals when recording business transactions.
These accounting conventions are standards used by all business
organizations, so it is important to understand what they are and
how to apply them.
Revenue recognition.
Cost effectiveness.
Identify the sustainable development principles applicable to
sustainable construction. Explain how construction industry is
impacting the environment?