For this assignment, research the Internet or the University databases for information related to improper assumptions concerning accounting information systems.
Write a five to seven (5-7) page paper in which you:
- Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systemsand the related information. Indicate the most negative potential impacts on business operations related to these assumptions. Provide support for your rationale.
- Suggest three to four (3-4) ways in which organizational performance may be improved when information is properly managed within a business system. Provide support for your rationale.
- Evaluate the level of system security (i.e., high, medium, low) needed to ensure information integrity within automated business systems. Provide support for your evaluation.
- Use at least three (3) quality resources in this assignment. Note:Wiki
For this assignment, research the Internet or the University databases for information related to improper assumptions concerning accounting information systems.
Write a five to seven (5-7) page paper in which you:
- Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systemsand the related information. Indicate the most negative potential impacts on business operations related to these assumptions. Provide support for your rationale.
- Suggest three to four (3-4) ways in which organizational performance may be improved when information is properly managed within a business system. Provide support for your rationale.
- Evaluate the level of system security (i.e., high, medium, low) needed to ensure information integrity within automated business systems. Provide support for your evaluation.
- Use at least three (3) quality resources in this assignment. Note:Wikipedia a
Financial Accounting Exam 2
1) The fundamental accounting equation is a reflection of the:
Money measurement concept
Conservatism concept
Dual-aspect concept
Historical cost concept
2) The historical cost concept reflects the fact that financial accounting practice favors:
Reliability over relevance
Management's best guess over historical financial information
Relevance over reliability
Consensus market values over historical financial information
3) Jon Sports' inventory account increased from $25,000 on December 31, 2003 to $30,000 on December 31, 2004. Which one of the following items would be included in the operating section of its 2004 indirect method statement of cash flows?
Add increase in inventory $5,000
Subtract increase in inventory ($5,000)
Add inventory balance $20,000
Subtract inventory balance ($20,000)
4) Turnkey Systems, Inc. began the month of June, 2004 with a prepaid expenses balance of $240,000.
Financial Accounting Exam 2
1) The fundamental accounting equation is a reflection of the:
Money measurement concept
Conservatism concept
Dual-aspect concept
Historical cost concept
2) The historical cost concept reflects the fact that financial accounting practice favors:
Reliability over relevance
Management's best guess over historical financial information
Relevance over reliability
Consensus market values over historical financial information
3) Jon Sports' inventory account increased from $25,000 on December 31, 2003 to $30,000 on December 31, 2004. Which one of the following items would be included in the operating section of its 2004 indirect method statement of cash flows?
Add increase in inventory $5,000
Subtract increase in inventory ($5,000)
Add inventory balance $20,000
Subtract inventory balance ($20,000)
4) Turnkey Systems, Inc. began the month of June, 2004 with a prepaid expenses balance of $240,000. During the month, debits totaling $110,
Dawson Company manufactures three types of computer games: Skyhawk, Seahawk, and Sharks. It allocates overhead to the games based on the number of direct labor hours worked on each product. The results of the most recent period follow:
| |
Skyhawk |
Seahawk |
Sharks |
| Units produced and sold |
9,000 |
8,000 |
7,000 |
| Selling Price |
$45.00 |
$30.00 |
$25.00 |
| Less: |
|
|
|
| Direct materials per unit |
5.50 |
4.25 |
3.00 |
| Direct labor cost per unit |
9.00<
P4-2A Schultz Electronics manufactures two large-screen television models: the Royale which sells for$1,600 and a new model, the Majestic, which sells for$1,300 The production cost computed per unit under traditional costing for each model is 2014 was as follows.
| Traditional Costing |
Royale |
Majestic |
| Direct materials |
$700 |
$420 |
| Direct labor ($20 per hour) |
120 |
100 |
| Mfg overhead ($38 per DLH) |
228 |
190 |
| Total per unit cost |
$1,048 |
$710 |
In 2014, Schultz manufactured25,000 units of the Royale and10,000 units of the Majestic. The overhead rate
Research the adoption and use of XBRL standards. Based on your research discuss the advantages and disadvantages.
Format: Title page should contain a title, student name, date, class name/number, and running head. Abstract page should be included (one paragraph, not indented) highlighting the key points of your paper. Paper should be double spaced, 1" margins, 12 pt font Times New Roman style, pages numbered throughout the document with running head in all capitals on each page.
Length: Paper should be not less than 4 and not more than 5 pages of text (not including title page, abstract page, exhibits, and reference page.)
Sources: Use at least 5 outside sources. Others may be authoritative sites such as FASB standards. Please follow proper APA format when citing.
PowerPoint: PowerPoint should also be completed summarizing key concepts and be 4-5 slides long
COMPLETE QUESTION 15-17 PART B
USE EXCEL FORMAT
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| 15-17 |
Private College Transactions.Steiner College's statement of financial position for the year ended June 30, 2016, is presented here. Steiner is a private college.
Page 640The following transaction information (amounts in thousands) pertains to the year ended June 30, 2017.
- During the year charges for tuition and fees were $244,500; scholarships were $16,300; and tuition waivers for scholastic achievement were $5,100. After payment was received, tuition refunds of $11,200 were given. Tuition waivers of $17,300 for students serving as teaching assistants for instruction were accrued.
- The college received unrestricted cash contributions of $2,080, pledges to be collecte
Project Management Case.docx (ATTACHED) It is strongly recommended that you read this case study before attempting an assignment.
Many projects today operate within some sort of a matrix organization. Discuss the differences between a strong and a weak matrix organization.
Discuss the pros and cons of a matrix organization for project management. As a project manager, what types of things would you need to do well in order for your project to work within a matrix organization? Justify your responses.
A couple comes into your office for a consultation regarding their personal taxes. They make $178,000 combined but want to discuss some potential deductions. They inform you they may have new capital losses, depreciation of capital assets, and may have tax credits. Describe the possible deductions and the specific information you may need to complete their taxes on these issues. Also, explain how these issues may affect their tax bracket.
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