Accounting principles chapter 07

... CHAPTER ACCOUNTING INFORMATION SYSTEMS After studying this chapter, you should be able to: Identify basic principles of accounting information systems Explain ... operations with manual accounting systems and convert to computerized systems as business grows • To understand computerized accounting systems– one must understand how manual accounting systems ... STUDY OBJECTIVE A...

Ngày tải lên: 05/04/2017, 14:48

... CHAPTER ACCOUNTING INFORMATION SYSTEMS Accounting Principles, Eighth Edition Chapter 7-2 Study Study Objectives Objectives Identify the basic concepts of an accounting information ... journal Chapter 7-3 Accounting Accounting Information Information Systems Systems Basic Basic Concepts Concepts of of Accounting Accounting Information Information Systems Systems Computerized...

Ngày tải lên: 05/04/2017, 15:19

... Manual Accounting Systems Perform each step in the accounting cycle by hand Satisfactory with a low volume of transactions Must understand manual accounting systems to understand computerized accounting ... overall conceptual framework for establishing accounting standards In addition, high-quality international accounting requires both high-quality accounting standards and h...

Ngày tải lên: 12/05/2017, 11:45

... journal Chapter 7-3 Accounting Accounting Information Information Systems Systems Basic Concepts of Accounting Information Systems Computerized accounting systems Manual accounting systems Chapter ... Chapter Accounting Information Systems Chapter 7-2 Accounting Principles, Ninth Edition Study Study Objectives Objectives Identify the basic concepts of an accounting info...

Ngày tải lên: 13/05/2017, 10:21

... CHAPTER7 Accounting Information System 7-2 PreviewofCHAPTER7 7-3 Basic Concepts of AIS Accounting information system (AIS) collects and processes ... Identify the basic concepts of an accounting information system Basic Concepts of AIS Manual Accounting Systems 7-8  Perform each step in the accounting cycle by hand  Satisfactory with a low ... 7-4  All steps in the accountin...

Ngày tải lên: 15/05/2017, 10:33

... website, in whole or in part Accrual Accounting and Valuation of Inventories  Inventory accounting applies accrual accounting to the determination of the cost of inventory sold – Inventory cost ... by Estimation  The most commonly used methods for estimating the value of the ending inventory are: – the retail method, which estimates the cost of the ending inventory by u...

Ngày tải lên: 15/05/2017, 15:43

... using comparables • The law of one price & arbitrage • Valuation Models • Arbitrage & the law of one price • Interest rates & the law of one price • Accounting measures of value • 10 How information ... Chapter Contents • The relationship between an asset s value & price • Exchange rates & triangular arbitrage • Value maximization & financial decisions • Valuation using compara...

Ngày tải lên: 16/11/2016, 17:17

... Exercise 7-1 399 400 Chapter Lecture Notes Helpful Hint: Before beginning the lecture, show students the fifth segment from the first tape of the McGraw-Hill/Irwin Managerial/ Cost Accounting video ... segment introduces students to many of the concepts discussed in chapter The lecture notes reinforce the concepts introduced in the video I Chapter theme: Two general approaches are us...

Ngày tải lên: 23/11/2016, 10:46

... QUIZ SOLUTIONS: 1.b 2.c 3.a 4.b 5.c 6.d 7.a 8.c 9.a 10.d Flexible Budgets, Variances, and Management Control: I 93 CHAPTER QUIZ [CMA Adapted] Flexible budgets a b c d accommodate changes in the inflation ... across companies Flexible Budgets, Variances, and Management Control: I 95 WRITING/DISCUSSION EXERCISES Distinguish a static budget from a flexible budget How is the...

Ngày tải lên: 23/11/2016, 16:12

... would then increase the Gross profit to $421 ($1,277 $856) 13 E7-6 b Error in Ending Inventory in 2008: = The 2 007 error in the Ending Inventory changes the Beginning Inventory in 2008 and the Goods ... 12 E7-6 a Error in Ending Inventory in 2 007: The $50 understated error in the Ending inventory means that the Ending Inventory should have been $268 + $50 = $318 This would ch...

Ngày tải lên: 24/11/2016, 11:11

... activities Cash Cash Controls Controls Cash Receipt Controls Illustration 7-4 7-26 LO Cash Cash Controls Controls Cash Receipt Controls Illustration 7-4 7-27 LO Cash Cash Controls Controls Cash Receipt ... principles of internal control activities Fraud Fraud and and Internal Internal Control Control Principles of Internal Control Activities Human Resource Controls...

Ngày tải lên: 24/11/2016, 14:36

... activities Cash Cash Controls Controls Cash Receipt Controls Illustration 7-4 7-26 LO Cash Cash Controls Controls Cash Receipt Controls Illustration 7-4 7-27 LO Cash Cash Controls Controls Cash Receipt ... principles of internal control activities Fraud Fraud and and Internal Internal Control Control Principles of Internal Control Activities Human Resource Controls...

Ngày tải lên: 01/12/2016, 14:34

... marketing Describe the role of the Internet in business marketing Discuss the role of relationship marketing and strategic alliances in business marketing Identify the four major categories of ... types of business goods and services Discuss the unique aspects of business buying behavior © 2015 by Cengage Learning Inc All Rights Reserved What Is Business Marketing? Describe...

Ngày tải lên: 09/12/2016, 12:20

... CHAPTER ACCOUNTING IN ACTION After studying this chapter, you should be able to: • Explain what accounting is • Identify users and uses of accounting • Understand why ... concept • Explain the meaning of generally accepted accounting principles and the cost principle CHAPTER ACCOUNTING IN After studying thisACTION chapter, you should be able to: • Explain the meaning ... BOO...

Ngày tải lên: 05/04/2017, 14:48

... CHAPTER THE RECORDING After studying this chapter, you should be able to: PROCESS Explain what an account is and how ... process Explain what a journal is and how it helps in the recording process CHAPTER THE RECORDING After studying PROCESS this chapter, you should be able to: Explain what a ledger is and how it helps ... trial balance and explain its purpose THE ACCOUNT STUDY OBJECTIV...

Ngày tải lên: 05/04/2017, 14:48