Sunday, May 17, 2020
Impact of Computerized Accounting to Inventory Management
CHAPTER 1 BACKGROUND OF THE STUDY Introduction Advances in Information Technology (IT) have enabled companies to use computers to carry out their activities that were previously performed manually. The ongoing revolution in IT has had a significant influence on accounting information system. Today, almost all organizations are using computers in their daily business. As computers become smaller, faster, easier to use, and less expensive, the computerization of account ting work will continue. Accounting activities that were previously performed manually can now be performed with the use of computers. That is, accountants are now able to perform their activities more effectively and efficiently than before. On the other hand, everyâ⬠¦show more contentâ⬠¦The profiles of the respondents are being gathered through questionnaires to generate generalization about the impacts of computerized accounting system in inventory management. Input Process Output Figure 1. Paradigm of the Study Statement of the Problem This study seeks to determine the relationship of computerized accounting system and the effectiveness of inventory management of quick serving restaurants in Iba, Zambales. Specifically, it aims to determine the following: 1. The profile of the respondents as to: 1.1 Individual 1.1.1 Name; 1.1.2 Position/Level of management; 1.1.3 Tenure in service; and 1.1.4 Background in IT. 1.2 Organization 1.1.1 Name; 1.1.2 Age of Business; 1.1.3 Size of the Business based on net assets; 1.1.4 Number of employees; 1.1.5 Average Sales; 1.1.6 Average inventory; and 1.1.7 Method of recording inventory. 2. How is the degree of effectiveness of the following computerized processes in inventory management described in terms of: 2.1 Accuracy of records; 2.1.1 Purchase of inventory; 2.1.1.1 Demand forecasting; 2.1.1.2 Replenishment lead time; and 2.1.1.3 Carrying cost? 2.1.2 Receiving of inventory; 2.1.2.1 Available space for inventory; and 2.1.2.2 Purchase returns and allowances? 2.1.3 Point of Sale; 2.1.3.1 Cost of Goods Sold? 2.1.4 Inventory count; 2.1.4.1 Inventory report in accounting system;Show MoreRelatedAssumptions on Accounting Information Systems1575 Words à |à 6 PagesAssumptions on Accounting Information Systems: Accounting Information Systems have emerged as very famous components of modern businesses mainly because they offer beneficial and timely information to management in addition to being cost-effective. Generally, these systems are helpful in book account payables, cash transactions, receivables, and every other accounting function in an orderly manner. The need for an effective accounting information system in an organization is attributed to the hugeRead MoreManufacturing Overhead Essay890 Words à |à 4 Pagesable to arrive at the Conversion Cost, which is crucial in informing management on the cost of converting raw materials into the final product that will be destined for the market (Donald, 2010). Furthermore, the Generally Accepted Accounting Principles (GAAP) demands that the company factors in direct materials costs, direct labor as well as factory or manufacturing overhead in determining the cost of goods and in valuing inventory (Donald, 2010). This ensures reflection of the true production costsRead MoreAccounting Software Example1303 Words à |à 6 PagesBUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On theRead MoreLala3593 Words à |à 15 PagesThe General Ledger has been the basic bookkeeping tool of double-entry accounting since the Green Eyeshade days. It records financial transactions as both Credits and Debits in balance sheets, which before the advent of software were bound together in huge volumes like something out of a Dickens novel. BS1 General Ledger from Davis Business Systems brings the General Ledger up to cyber speed with a variety of easy-to-use accounting tools that can track budgets and financial data and generate incomeRead MoreKudler Fine Foods Audit Processes974 Words à |à 4 Pagescontrol processes has become more virtualized. To ensure that Kudlerââ¬â¢s computerize systems function properly an audit must be p erformed on an annual basis. Management at Kudler Fine Foods wants to see the proposed audit schedules for all systems. Management wants to know the types of audit and how they will be conducted. In addition, management would like to know about events that might prevent reliance on auditing through the computer. Types of Audit Information technology and financial auditsRead MoreThe Accounting System : A Accurate And Error Free Financial Data For Making Management Decisions1863 Words à |à 8 Pagesfinancial data for making management decisions all of these organized computerized methods falls under the head of Accounting System. Similarly the accounting information system is the system to keep the records of business to regulate its accounting system. It Includes categories like sales, purchases and various monetary processes of business. The basis of AIS is to gather the data and provide it with information to the investors, creditors and managers. The First Accounting System: In 1880 AllegedlyRead MoreFeature of Mis1573 Words à |à 7 PagesFeatures of MIS Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows: 1. Accounting management information systems: All accounting reports are shared by all levels of accounting managers. The management of the information which at the accounting department is one of the most importantRead MoreResponsibilities Of A Cfo Versus A Controller, Accountant Or Bookkeeper Essay1386 Words à |à 6 PagesAdditionally, many business owners do not feel they can afford a CFO, however that is where a part time CFO who participates with the business owner and management is critical. A part time CFO can spend as little as a day or two month with the business and add value to the bottom line. A. CFO Responsibilities: 1. Cash Management Cash management includes understanding your business s operating cycle (i.e. cash to cash cycle). To improve your operating cycle it is imperative you understand whatRead MoreEffects of Computerised Accounting to Performance of Financial Institutions16851 Words à |à 68 PagesOBJECTIVES AND LIMITATION OF ACCOUNTING 17 2.2.1. Objectives of Accounting: 17 2.2.2. Limitations of Accounting: 18 2.3. The accounting cycle 19 2.4. FUNCTIONS OF ACCOUNTING 19 2.5. INTERESTED PARTIES IN ACCOUNTING INFORMATION 20 2.6. COMPUTER ROLES IN MODERN ACCOUNTING 21 2.7. THE MAIN ADVANTAGES OF COMPUTERIZED ACCOUNTING SYSTEM 22 2.8. BASIC REQUIREMENTS OF COMPUTERIZED ACCOUNTING SYSTEM 23 2.9. Data Processing Equipment 24 2.10. EFFECT OF COMPUTERIZED ACCOUNTING ON FINANCIAL REPORTING 24Read MoreAssesing the Effectiveness of Computerized Accounting System10736 Words à |à 43 PagesABSTRACT The study aimed at assessing the effectiveness of computerized accounting systems in organizations (the general objective of the study). It employed a case study design and Ministry of Finance and Economic Affairs was chosen as the case of the study. Various literatures were consulted to get the theoretical and empirical thoughts of stupendous authors about the topic under study to help the researcher craft and refine her methodology. Questionnaires, documentation and interviews were
Wednesday, May 6, 2020
The Adventures Of Huckleberry Finn By Mark Twain - 1088 Words
ââ¬Å"Well then, says I, whatââ¬â¢s the use you learn to do right when itââ¬â¢s troublesome to do right and ainââ¬â¢t no trouble to do wrong, and the wages is just the same?â⬠(Twain 97). The Adventures of Huckleberry Finn by Mark Twain is a novel about a young boy named Huck Finn who goes on many exciting adventures with a slave named Jim. Huckââ¬â¢s friendship with Jim blooms along the way, and his morality is questioned as he is faced to be the hero of the novel. In The Adventures of Huckleberry Finn, three meaningful subjects are explored in heroism, friendship, and morality that are still relevant today. Huck Finn is a young boy with immense heroic qualities. When faced with a challenge, Huck never fails to come through as the hero. ââ¬Å"And for a starter Iâ⬠¦show more contentâ⬠¦A hero can be described in many ways and come in all shapes and sizes. Most people typically do not see a small child possessing heroic qualities; however numerous amounts of children are forced to fill big shoes in a short amount of time. Past examples show cases of children having to grow up fast, due to poor family life or the dearth of a parent. This includes getting a job at a very young age, caring for siblings, providing for the family, etc. Heroic children do not have to physically save someone to be considered heroic, but simply helping out and growing up fast make them the real heroes. Friendship is an important theme in Huck Finn, especially between Huck and Jim. Age and race mean nothing to these two, because not only do they treat each other as friends, but as family too. ââ¬Å"En when I wake up, and fine you back agââ¬â¢in, all safe en coun; de tears come, en I could ââ¬Ëaââ¬â¢ got down on my knees en kiss yoââ¬â¢ foot, Iââ¬â¢s so thankfulâ⬠(91). In this chapter of the novel, Huck and Jim become separated in a deep fog, yet quickly reunite. Jim cares for Huck like he is his own son, and would be devastated if he ever lost him. Acting as Huckââ¬â¢s new ââ¬Å"father figure,â⬠Jim strives to protect Huck from any danger that comes their way. ââ¬Å"Come in, Huck, but doanââ¬â¢ look at his face-itââ¬â¢s too gashlyâ⬠(59). The two pals come in contact with a house floating in flood water, and within it lies a dead man. Jim does
Justifiable Homicide At The Hands Of The State Essay Example For Students
Justifiable Homicide At The Hands Of The State Essay Justifiable Homicide at the Hands of the StateSeveral problems exist in society today, and we are doing everything we could tocorrect these complications and to possibly diminish them. Some are as minor as trafficviolations, and some are as serious as deaths. Many innocent lives are being taken due tothe careless and unforgivable acts of a few people. Something has to be done to stop thisfrom happening. In other words, we, as society, need to play our part in preventing thesenightmares and tragedies from taking place. This is where capital punishment, whichWebsters School and Office Dictionary defines as punishment by death for a crime; thedeath penalty, can play a crucial role (p 125). The death penalty is a form of punishmentthat, when applied in the correct context, is morally and ethically justified by thephilosophies that shape our society. If capital punishment was legalized in all fifty statesand was carried out more frequently, our countrys problems would significantly decrea se. Family and friends of the victim would feel better knowing that the punishment of thecriminal would fit the crime, and less innocent lives would be taken as well (Roark 58). We are not the first civilization to invoke the death penalty. Both Biblically andhistorically, the death penalty was found to be an effective method to end the criminal actsof convicted offenders. For instance, in ancient Israel, it was socially acceptable to throwstones at an adulterous woman until she died from the injuries (New Oxford AnnotatedBible 563-OT) . In the colonial periods of our great nation and even in more moderncircumstances worldwide, treason is a crime punishable by death. Shields 2In recent times, the culture of the United States has become more humane in itsmethods of execution. No longer will crowds of townspeople gather at the square towitness the hanging of thieves and murderers. Instead, the United States has opted to doaway with any punishment viewed by the citizens and by the Supr eme Court as violatingthe Eighth Amendment (Lowi and Ginsberg A20) This guarantees every citizensprotection from what the courts perceive as cruel and unusual punishment (Constitutionof the United States, 1791). It is important to note that the 74 men and women that wereput to death in the United States in 1997 were not killed in such a way that could furtherdetract from their, or their families dignity (U. S. Government: Bureau of Justice StatisticsDecember 1998) The methods of execution to be used are delegated by each individual state. Of allthe possible alternatives, only three are found humane in most of the United States(Bureau of Justice). These are the lethal injection, the gas chamber, and the electric chair. None of these are considered to be, by many, more painful or dehumanizing than the next. Some people still choose to oppose these methods too, citing that all form of the deathpenalty are cruel and unusual. Such was the case when the Supreme Court decidedagainst its in vocation in the case of Furman vs. Georgia in June of 1972 (Hood 47). (Dueto the courts decision in this case, many death sentences given prior to 1972 werereopened. Also, all state and federal laws prescribing the death penalty were thrown out(Knowenwetter 88).) Others who choose to oppose the death penalty base their arguments on the factthat they believe that life, in itself, is a commodity worth preserving despite thecircumstances of the crime. This theory may be valid in a very abstract manner, but only Shields 3as long as that abstraction perpetuates. Even the most devout believer in the Sanctity ofLife is sure to consider the options when the victim of some heinous crime is a sibling, a child, or a parent. Retribution for such crimes at the hands of some monster is sure to bedemanded swiftly by the public as well as the grieving family enduring the loss Such retribution can also have a second purpose. Davis notes that the deathpenalty, like no other form of punishment of thos e humanely available, has the ability todeter potential criminals from committing such horrible acts (9-13) Any criminal, whetheror not he is a reasonable man, will consider his options when the consequence of hisactions may lead to his own finality. A finality within itself can be considered yet anotherpositive bi-product of the application of modern methods of capital punishment. This isultimately the fact that a dead murderer will never be given the opportunity to kill anotherinnocent human being. In fact, there is no case to date where a killer that has been put todeath has ever committed another crime of any degree (Leiser 222-230) The deathpenalty, as a form of justifiable incapacitation, is met with no significant opposingargument. .u9c2c7ad5d8e7e7a110d316d873960dcb , .u9c2c7ad5d8e7e7a110d316d873960dcb .postImageUrl , .u9c2c7ad5d8e7e7a110d316d873960dcb .centered-text-area { min-height: 80px; position: relative; } .u9c2c7ad5d8e7e7a110d316d873960dcb , .u9c2c7ad5d8e7e7a110d316d873960dcb:hover , .u9c2c7ad5d8e7e7a110d316d873960dcb:visited , .u9c2c7ad5d8e7e7a110d316d873960dcb:active { border:0!important; } .u9c2c7ad5d8e7e7a110d316d873960dcb .clearfix:after { content: ""; display: table; clear: both; } .u9c2c7ad5d8e7e7a110d316d873960dcb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u9c2c7ad5d8e7e7a110d316d873960dcb:active , .u9c2c7ad5d8e7e7a110d316d873960dcb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9c2c7ad5d8e7e7a110d316d873960dcb .centered-text-area { width: 100%; position: relative ; } .u9c2c7ad5d8e7e7a110d316d873960dcb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9c2c7ad5d8e7e7a110d316d873960dcb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9c2c7ad5d8e7e7a110d316d873960dcb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u9c2c7ad5d8e7e7a110d316d873960dcb:hover .ctaButton { background-color: #34495E!important; } .u9c2c7ad5d8e7e7a110d316d873960dcb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9c2c7ad5d8e7e7a110d316d873960dcb .u9c2c7ad5d8e7e7a110d316d873960dcb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9c2c7ad5d8e7e7a110d316d873960dcb:after { content: ""; display: block; clear: both; } READ: The difference between price and non price competition Essay For decades the philosophical debate over whether or not the death penalty isjustifiable has been a controversy amongst lawyers, authors, philosophers and religiousspokespeople. Numbers of books and articles have been written about the subject and itsrelevance to society. Movies have been made about the issue. Dead Man Walking is themost recent film concerning the issue. This was based on Sr. Prejeans novel of the samename. The most difficult points in the debate are that both sides are strongly supported byvalid philosophical and ethical claims. Even more problematic is the idea that eachindividual case has to be treated subjectively, without allusion to the events that Shields 4have occurred outside of the case context. This makes each and every case contextspecific meaning that once the circumstances are brought to question, the debate beginsonce again from the beginning. Capital punishment is one of the most controversial topics of the world today. Manypeople feel very strongly a bout their opinions and will express themselves any way theycan in order to prove a point. Often times though, people may even change their beliefsafter hearing the opposing argument. They may learn information they never were awareof, which could change their whole perspective on the topic. These controversies couldreally be used as valuable lessons to teach people how to listen to the opposing argumentsand then make a decision on what they believe. Sometimes it just takes listening to otherpeoples points of view and maybe a little research to make valuable judgments anddecisions that could really affect society. BibliographyShields 5BibliographyCapital Punishment. The Pocket Webster School and Office Dictionary , 1990Davis, Michael. Justice in the Shadow of Death. Lanham, MD: Rowan and LittlefieldPublishers Inc., 1996Hood, Roger. The Death Penalty: A World-Wide Perspective 2nd ed., New York:Oxford University Press, 1996Kronenwetter, Michael. Capital Punishment: A Refference Handbo ok Santa Barbara,CA: ABC-CLIO Inc., 1993New Oxford Annotated Bible, New York: Oxford University Press, 1994Leiser, Burton M.. Liberty, Justice, and Morals: Conteporary Value Conflicts New York:MacMillan Publishing Co., Inc., 1973Lowi, Theodore J., and Benjamin Ginsberg. American Government: Freedom and Power5th ed., New York: W.W. Norton and Company Inc., 1990Roark, Anthony P.. Retribution, the Death Penalty, and the Limits of Human JudgementInternational Journal of Applied Philosophy 13.1 (1997) : 57-68United States. U.S. Department of Justice. Bureau of Justice Statistics. WashingtonGPO. December 1998
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