Question 1 Which of the following is best described as a meaningless total? (a) Check digit (b) Limit check (c) Hash total (d) Record count (e) Quantity.

Slides:

Advertisements

Similar presentations

Current & Long Term Liabilities. Current Liabilities Obligations of an Organization that are due to be paid within one year or one accounting period (whichever.

Advertisements

© 2010 Prentice Hall Business Publishing, College Accounting: A Practical Approach, 11e by Slater The Voucher System Chapter 23.

Sample Problems Exercise 22.4, 22.5, and The following information is for use in exercises 22.4 through 22.6 Angel Inc. was authorized to issue.

Demonstration.  Designed for many kind of business which use accounting procedures.  More suitable for retail sales, whole sales and distribution business.

The Acquisition / Payment Process

Systems Flowcharts Please use speaker notes for additional information!

Enterprise Analysis Understand the organizational context Functional areas/management levels affected by the system Overview of the business objects and.

ACCT 201 ACCT 201 ACCT 201 Reporting and Analyzing Cash and Internal Controls UAA – ACCT 201 Principles of Financial Accounting Dr. Fred Barbee Chapter.

The Accounts Payable/ Cash Disbursement (AP/CD) Process.

Chapter 13 The Accounts Payable/ Cash Disbursement (AP/CD) Process

Chapter 5 Expenditure Cycle Applications. Expenditure Documents i.Purchase Requisitions ii.Purchase Orders iii.Receiving Report iv.Voucher Systems v.Invoice.

The Accounts Payable/ Cash Disbursement (AP/CD) Process.

P-1: Enter cash receipts close to originating source Ensure effectiveness of operations: As reflected by the entries in goal columns A and B under process.

The Purchasing Process

1 SYSTEMS INVESTIGATION Pertemuan 3 s.d 6 Matakuliah: A0554/Analisa dan Perancangan Sistem Informasi Akuntansi Tahun: 2006.

20-1 Change in Accounting Estimate and Accounting Principle Chapter 20 Illustrated Solution: Problem

The Adjustment Process Accountants need to ensure that the statements they produce are: Up to Date, Accurate, Consistent Adjustments are necessary to.

Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 4, Slide #1 Ch.4 Income Measurement & Accrual Accounting.

Accounting for a Service Company.  Record Transactions  Prepare a Trial Balance  Make Adjusting Entries  Prepare an Adjusted Trial Balance  Financial.

Auditing Purchases, Trade Payables and Payroll

Introduction Business Process Fundamentals

Chapter 15, Section 1 Purchasing Items Needed by a Business

Accounting for Purchases and Cash Payments

Adjusting Accounts and Preparing Statements

Chapter 4 Income Measurement and Accrual Accounting

Long-Term Liabilities. © Copyright 2001, 2009 by M. Ray Gregg. All rights reserved. 2 Exercise Bound Corp issued $260,000, 9%, 10-year bonds on January.

10-1 Amortization of Premiums: Straight-Line Method Effective-Interest Method Chapter 10 Illustrated Solution: Problem

Preparing a Worksheet for a Merchandise Company

Keeping Tabs On Your Cash. Lesson Goals: Entrepreneurs will learn: –Basic elements of a record keeping system –Records needed to meet tax requirements.

Chapter 10 THE ACQUISITION CYCLE— PURCHASE INVOICES AND PAYMENTS.

0 Glencoe Accounting Unit 4 Chapter 15 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 15, Section 3 Analyzing and Recording.

Purchasing Items Needed by a Business

Chapter 9.1 Adjusting Entries Trial Balance Some amounts on the trial balance are out of date.

7/e PowerPoint Author: Catherine Lumbattis COPYRIGHT © 2011 South-Western/Cengage Learning 4 Income Measurement and Accrual Accounting.

© 2016 Pearson Education, Inc. Appendix C Accounting Information Systems.

2-1 Cash to Accrual Adjusting Entries and Income Statement Chapter 2 Illustrated Solution: Problem 2-30.

0 Glencoe Accounting Unit 4 Chapter 15 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Unit 4 The Accounting Cycle for a Merchandising.

Acc 207 Group 4 P4-5LilianaJuleeTonyErikShawn. Deferred Expense A. On July 1, 2008, a three-year insurance premium on equipment in the amount of $1,200.

M i n d From Australia Version : MYOB 13, MYOB 15, MYOB 17 and MYOB 18 From Australia Version : MYOB 13, MYOB 15, MYOB 17 and MYOB 18 Y o u r O w n B u.

Accounting for Long- Term Debt Chapter Ten Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Accounting Information Systems: A Business Process Approach Chapter Three: Documenting Accounting Systems.

Matakuliah : F0204 / Sistem Akuntansi

Chapter 3 Accrual Accounting Concepts. Why is Accrual Accounting Needed? Cash received or paid Revenue earned Expense incurred.

Keeping Tabs On Your Cash. Records Provide Information About profitability To make sound business decisions To set profitable prices To alleviate financial.

How Bonds Work Georgia CTAE Resource Network Instructional Resources Office Written by: Dr. Marilynn K. Skinner May 2009.

Chapter 7 Analysis and Reports− End of Fourth Quarter and Year Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 14.

ACTG 313 September 14, Self-Assessment 5.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 1-3 Journalizing and Posting Cash Payments.

The Accounts Payable / Cash Disbursement (AP/CD) Process Pertemuan Matakuliah: F0642 / Perancangan Sistem Akuntansi Tahun: 2009.

Chapter 15, Section 1 Accounting for Purchases and Cash Payments.

Modern Auditing: Assurance Services and the Integrity of Financial Reporting, 8th Edition William C. Boynton California Polytechnic State University at.

The adjustment process

The Voucher System Chapter 24

Internal Control and the Voucher System

Continuation of Causeway Example

A clerk in the sales department prepares two copies of an invoice, detailing the quantity and price information and forwards them to the accounts receivable.

Special Journals In Accounting

DFD Example : Bus Garage Repairs

Analyzing and Recording Cash Payments Accounting II Ms. Alltucker

Welcome Back Glencoe Accounting.

A clerk in the sales department prepares two copies of an invoice, detailing the quantity and price information and forwards them to the accounts receivable.

Special Journals In Accounting

Preparing a Worksheet for a Merchandise Company

The Purchasing Process

A clerk in the sales department prepares two copies of an invoice, detailing the quantity and price information and forwards them to the accounts receivable.

Accounting Information Systems: A Business Process Approach

Accounting Information Systems and Business Processes - Part I

Presentation transcript:

Question 1 Which of the following is best described as a meaningless total? (a) Check digit (b) Limit check (c) Hash total (d) Record count (e) Quantity total

Question 2 All of the following would be recurring adjusting entries EXCEPT (a) Record straight-line depreciation on office equipment; the equipment will be fully depreciated in two years. (b) Record sum-of-the-years'-digits depreciation on buildings. (c) Record insurance premiums expired; the policy was purchased three years ago. (d) Record physical inventory overages/shortages; a physical inventory is taken once per year. (e) Record amortization of discount on bonds payable; the bonds mature next year.

Question 3 Everything that surrounds a system would be called the system’s (a) Interface (b) External Entities (c) Environment (d) Boundary (e) Data Flow Diagram

Question 4 Which of the following statements is CORRECT? (a) Invoices are to recording payables as packing slips are to receiving goods. (b) The only file in the GL/FR system is the inventory master file. (c) The accounts payable master file would show, in chronological sequence, the details of each payment that the company has made. (d) The voucher that represents an authorization to make a payment is called a journal voucher. (e) The inventory master file usually serves as a tickler file for both the purchasing and receiving departments.