Richard Jackson Xacc 210 November 7, 2014 Richard Vincent Accounting Information System Requirements Planning – project management objectives and techniques - The very first phase of a Accounting Information System Development is planning the project. This involves determination of the scope and objectives of the project, the definition of project responsibilities, control requirements, project phases, budgets, and final products Analysis - The analysis phase is used to determine and document
Words: 302 - Pages: 2
Stocks Heather Anderson 11/17/2014 XACC/291 Celena Hudak Preferred Stocks Preferred stock is a type of stock issued by a business that usually pays a fixed dividend prior to any distributions to the holders of the common stock of the business. (Tools, 2014) Preferred stock has voting rights. Preferred stock dividends may be stated as a fixed amount (such as $5) or as a percentage of the stated price of the preferred stock. For example, a 10% dividend on $80 preferred stock is an $8 dividend
Words: 392 - Pages: 2
Check Point: Direct and Indirect Cash Flows Dana Benton XACC 291/C - Principles of Accounting II April 9, 2014 Elizabeth Mullaney Check Point: Direct and Indirect Cash Flows According to our text, the statement of cash flows reports, cash receipts, cash payments, and net change in cash, due to operating, investing, and financing activities during a set period. The four main reasons this report is helpful to investors, creditors, and others to look at, are simple. The report is helpful
Words: 355 - Pages: 2
Reflection Jamie Shuster XACC 291 July 19, 2015 Carmela Hicks Reflection During the normal operation of a business there will always be cost incurred for running an organization. During the useful life of a plant asset, a company may incur costs for ordinary repairs, additions, or improvements (Stormo, 2009 p 409). Every day we have ordinary repairs and then we have additions and improvements. Costs incurred for ordinary repairs are considered as revenue expenditures. Ordinary repairs
Words: 389 - Pages: 2
Internal Controls Internal Controls The University of Phoenix (Axia) XACC/280 Financial Accounting Concepts and Principles Renee’ Baker April 3, 2011 Internal Controls. Internal controls are a certain system that includes actions and methods with emphasizing organization’s security and intention to protect its assets and keep the accounting process trustworthy and precise (Weygandt, Kimmel, Kieso, 2008). Protecting a company’s assets is necessary because of the danger resulting
Words: 291 - Pages: 2
Direct and Indirect Cash Flows Jenn Cobb XACC/290 Cheryl VanNorman August 27, 2014 The statement of cash flows is an important financial statement that reports the cash changes, input and output, during a financial period. The information contained in the statement of cash flows helps both internal and external users to assess the company's ability to generate further cash flows, meet obligations, and explain the difference between net income and net cash provided by operating
Words: 406 - Pages: 2
Career Opportunities for Accountants Exercise Bryan Green XACC/280 May 27, 2012 David Bulkeley Career Opportunities for Accountants Exercise Provided that I was an accountant than I would work in a bank kind of setting or do some work in a credit card organization. I prefer to work as a credit card examiner in the business over being in the bank all day. It will be a good job to have on account of you will get a chance to evaluate all individual, and establish on that the people’s debt to
Words: 365 - Pages: 2
Subsidiary Ledgers and Special Journals Xacc/280 10/11/12 Lisa Ellis Subsidiary Ledgers and Special Journals Although companies create special journals for other types of repetitive transactions, almost all merchandising companies use special journals for sales, purchases, cash receipts, and cash disbursements. There are a few advantages to using special journals. First, the one line entry for each sales transaction is a time saver. Second, only totals being posted and recorded saves time
Words: 293 - Pages: 2
Types of Information Systems XACC 210 XXXXXXXXXXXXXX The type of information that we use in our accounting department is Yardi, and Microsoft Excel, and PowerPoint. Yardi Systems is the property management software leader for real estate clients worldwide. Yardi provides integrated property management software & investment management solutions for all real estate verticals allowing owners, managers, investors & other stakeholders access to information specific to their needs. Yardi
Words: 325 - Pages: 2
Cost of Goods Name XACC/290 Date Instructor Cost of goods sold or COGS is the accumulated total of all the cost used to produce products or services, which have been sold or completed (Accounting Tools). On an income statement the cost of goods sold is subtracted from the revenues to obtain a company’s gross margin. The formula used to calculate the cost of goods sold in simple form is: Beginning inventory plus purchases less ending inventory equals cost of goods sold. Five methods can be
Words: 319 - Pages: 2
