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Accounting Information System- Lecture 13
 
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Accounting Information Systems- Human Resources, Fixed Assets, Production and Financing Processess Chapter 13 Professor Cooperberg Please visit our website at http://raw.rutgers.edu Time Stamps: 0:01 Openning Chapter 0:27 Study Objectives 0:38 HR and Fixed Asset Process 1:22 Human Resource Processes 02:39 Human Resource Management 04:05 The Two Sides of the Human Resource Process 05:05 Human Resources Management- Input 06:35 Human Resource Management- Output 07:12 IT System for Payroll Processes 09:09 Ethical Issues Related to Payroll Processes 09:38 Fixed Assets Processes 11:54 Fixed Assets Mangement Objectives 13:10 Fixed Assets Management- Input 14:02 Fixed Assets Management- Output 14:22 Fixed Assets Processes 16:52 IT System for Fixed Assets Processes 17:11 Ethical Issues Related to FA Processes 19:40 Conversion Processes 19:47 Basic Feature of Conversion Processes 20:59 Conversion Process Inputs 23:09 Conversion Process Outputs 24:03 Basic Features of Conversion Processes 24:33 Components of the Logistic Function 26:36 IT Systems for Conversion Processes 27:21 IT Drives Modern Cost Accounting System 28:26 IT Systems of Conversion Processes Summary: In this lecture, Professor Cooperberg discusses human resources, fixed assets, and production. He explains the resource management process and the conversion process. He illustrates the fixed assets’ objective, management input and output, the two sides of the human resources process, the IT system, and ethical issues. Professor Cooperberg goes on to discuss the conversion processes, basic features of the conversion processes, and the components of the logistics function. He concludes with an explanation of the IT system for conversion processes and illustrates how IT drives modern cost accounting systems. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Users of Accounting Information - ( Internal and External )
 
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Who are the Users of Financial Information and why they need it? Follow me at Instagram at - https://www.instagram.com/lavish.mahajan/ Users of Accounting Information - Internal & External Accounting information helps users to make better financial decisions. Users of financial information may be both internal and external to the organization. Internal users (Primary Users) of accounting information include the following: Management: for analyzing the organization's performance and position and taking appropriate measures to improve the company results. Employees: for assessing company's profitability and its consequence on their future remuneration and job security. Owners: for analyzing the viability and profitability of their investment and determining any future course of action. Accounting information is presented to internal users usually in the form of management accounts, budgets, forecasts and financial statements. External users (Secondary Users) of accounting information include the following: Creditors: for determining the credit worthiness of the organization. Terms of credit are set by creditors according to the assessment of their customers' financial health. Creditors include suppliers as well as lenders of finance such as banks. Tax Authourities: for determining the credibility of the tax returns filed on behalf of the company. Investors: for analyzing the feasibility of investing in the company. Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Customers: for assessing the financial position of its suppliers which is necessary for them to maintain a stable source of supply in the long term. Regulatory Authorities: for ensuring that the company's disclosure of accounting information is in accordance with the rules and regulations set in order to protect the interests of the stakeholders who rely on such information in forming their decisions.
Views: 4205 Lavish Gupta
Qualitative Characteristics of Accounting Information - CPA FAR Review
 
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Qualitative characteristics of accounting information Examples of information that enhance understanding about the entity: Ability of the entity to generate future net cash inflows An entity's economic resources (assets) and claims to those resources (liabilities) Primary characteristics of accounting information 1. Relevance: if it makes a difference to decision makers __ # Predictive value: if it assists decision makers in forming expectations about future events __ # Confirmatory value: if it confirms or changes expectations based on previous evaluations ____ i.e. reported earnings for a period beats market expectations, then it has confirmatory value __ # Materiality: if it will impact a user's decision 2. Faithful representation: if it portrays the economic substance of the phenomenon, or reported information and reality or situation are in agreement __ # Completeness: if it includes all data necessary to be faithfully representative __ # Neutral: when it is free from any bias __ # Free from error: if there are no omissions or errors. Enhancing characteristics of accounting information ______ + Comparability: if it enables users to identify similarities and differences between sets of information. ______ + Verifiability: if it agrees with different knowledgeable and independent sources' conclusions ______ + Timeliness: if it is presented in time to make a difference to the decision maker ______ + Understandability: if the user can comprehends it within the decision context at hand * Users are assumed to have a reasonable business and accounting understanding and to study the information with reasonable diligence. __________________________________________________________________________________________________ From Accounting Conception Summary The FASB's Statements of Financial Accounting Concepts 1. Objective of financial reporting __ a) to provide information to enhance investors' and creditors' understanding about the entity 2. Qualitative characteristics of accounting information __ a) Primary qualitative characteristics ____ i.Relevance ______ # Predictive value ______ # Confirmatory value ______ # Materiality ____ ii. Faithful representation ______ # Completeness ______ # Neutrality ______ # Free from error __ b) Enhancing qualitative characteristics ______ + Comparability ______ + Verifiability ______ + Timeliness ______ + Understandability 3. Accounting assumptions __ a) Entity Assumption __ b) Going Concern Assumption __ c) Unit-of-Measure Assumption __ d) Time Period Assumption 4. Basic accounting principles __ a) Concepts of Measurement __ b) Revenue Recognition Principle __ c) Expense Recognition Principle __ d) Full Disclosure Principle 5. Cost constraint the cost of providing the information should not exceeds its benefit
Views: 6096 Faithful Runner
11 Users of Accounting
 
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11 Users of accounting information In this lesson we learn about users of accounting information. Accounting helps users in making better financial decisions. But you may be wondering: • Who are the users of accounting information? • What information do the users need? Users of accounting are both internal and external to the organization. Internal users include owners, managers and employees of the business. Owners Owners need to know how well their business is performing. Owners assess the profitability and risk of their investment from financial statements. Managers Managers require accounting information to prepare budgets that specify how an organization plans to use its limited resources. Managers also need accounting information to monitor the performance of the organization and to make business decisions. Employees Employees are interested in knowing how well a company is performing as it could have implications for their job security and income. Employees working in the finance department prepare, summarize and report accounting information for other users. External users of accounting include investors, lenders, suppliers, customers, tax authorities, government, auditors and public. Investors Investors need to know how well their investment is performing. Investors rely on financial statements to assess the profitability, risk and worth of their investment. Lenders Lenders require accounting information of borrowers to assess their credit worthiness. Suppliers Like lenders, suppliers also need accounting information of customers to assess their credit worthiness. Customers Industrial customers need accounting information of suppliers to assess their ability to deliver goods and services on a reliable basis in the future. Tax Authorities Tax authorities review accounting information of businesses to determine whether they declared the correct amount of tax in their tax returns. Government Regulatory agencies of government review accounting information of organizations to monitor compliance with accounting and financial regulations. Auditors Auditors inspect the financial statements and accounting records of organizations to determine their accuracy. Public General public may also be interested in the accounting information of a company. These could include journalist, analysts, academics, activists and other individuals with an interest in economic developments. Additional Reading: https://accounting-simplified.com/financial/introduction/users-of-accounting-information.html
Views: 3420 Accounting Simplified
Accounting Information Systems | The Function of Accounting Information
 
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http://www.accountinginformationsystems.org/ - An accounting information system (AIS) is a system of collection, storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. The actual physical devices and systems that allows the AIS to operate and perform its functions Internal controls and security measures: what is implemented to safeguard the data Model Base Management
Views: 1370 mojosocial
11 - Accounting for Natural Resources
 
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An overview of accounting for natural resources, to accompany http://www.principlesofaccounting.com Chapter 11, Advanced PP&E Issues *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
Views: 8689 Larry Walther
ACCOUNTING 1 - The purpose of Accounting
 
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Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable. (Reference: Wikipedia) Author: Mário Attab AVENIDACULT The CULT channel Sign up our channel http://www.youtube.com/subscription_center?src_vid=pZD7nNTbvJA&feature=iv&add_user=avenidacult
Views: 4450 AvenidaCult
UNIMASMOOC: Accounting for Managers
 
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Understanding the concepts and language of accounting is vital for communication, monitoring, and resource allocation. It provides a broad view of how accounting contributes to an organization and how managers can make optimal use of accounting information, accounting records and systems, and accountants as internal resources. You will learn to understand both the complexities of determining and using information and the power of measurements in coordinating, motivating, and evaluating the activities of employees and managers. You will become familiar with how modern accounting and control theory are used to evaluate economic conditions and to make organizational decisions. The course uses a case-oriented approach to examine an organization's accounting and financial strategy. Emphasis is placed on the uses and limitations of accounting data available to managers, including basic concepts and accounting principles related to financial reporting and control. At the end of the course, you should be able to interpret and appreciate accounting information for sound decision-making.
Views: 8 UNIMAS MOOC
ACCURATE qualities of good Accounting Information - A-Z of business terminology
 
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Short video on the qualities of good accounting information for accounting and business students. More A-Z of business terminology http://accountingcollege.co.uk/
Views: 965 AC Training
Accounting and Finance - Sources of Finance
 
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Accounting and Finance - Sources of Finance
Views: 41665 James Slocombe
The Accounting Information System
 
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This video describes the overall process of how transactions are recorded in a firm's overall accounting information system for MBA 601.
Views: 158 srauterkus
Accounting, Human Resources, Payroll Overview for Start Up Businesses in California
 
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★ Remember to LIKE, COMMENT and SUBSCRIBE to push me higher in the search rankings! ★ === === === === http://jeffersonkim.com/2013/09/13/accounting-human-resources-payroll-overview-for-start-up-businesses-in-california/ This guide assumes you know 0% about all the numerous laws, best practices, etc., about running a business. I obviously can't cover everything, but I can at least bring to your attention some of the most important aspects to minimize your liability (AKA the risk of you getting sued). Accounting Payroll Human Resources - Break Even Analysis -- Fixed Expenses -- Variable Expenses -- Income Sources (variable vs. fixed) -- Break Even Point FIRST OFF Do you have: - Need an Federal EIN http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online - Need a State Employer ID https://www.ftb.ca.gov/businesses/faq/701.shtml ACCOUNTING I'll actually break accounting up into multiple parts: - Accounts Payable - Credit Cards - Checks - Accounts Receivable - Timeframe - Keep Track of Accounts and Review - Bookkeeping - Quickbooks - Download Transactions Online - CATEGORIZE!!! - Look at Reports to adjust your "break even" analysis to be more accurate PAYROLL - In house, or Outsource (http://www.amesoft.com/) - Payroll Taxes - Hourly / Salary - Overtime: http://www.dir.ca.gov/dlse/faq_overtime.htm - Meal periods: http://www.dir.ca.gov/dlse/faq_mealperiods.htm - Paid Break - Rest Periods: http://www.dir.ca.gov/dlse/faq_restperiods.htm - Time management software for clock in and clock out times - May come with payroll company - TimeTrex (open source) - Numerous other options - WHY do this? - Unemployment: http://jeffersonkim.com/2012/09/20/unemployment-from-a-business-owners-perspective-in-california/ http://www.edd.ca.gov/UIBDG/default.htm http://www.edd.ca.gov/pdf_pub_ctr/de2088c.pdf Write Ups and notifications. DOCUMENT EVERYTHING!!! HUMAN RESOURCES - Protected Classes http://www.nolo.com/legal-encyclopedia/california-employment-discrimination-31690.html - Applicable to Hiring, Firing, EVERYTHING - At Will Employment http://en.wikipedia.org/wiki/At-will_employment - Employee Handbook not 100% necessary at this stage - New Hire Packet W-4 I-9 Lunch & Break Notice MPN Notifications Healthcare Notifications (http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf)
Views: 2266 Jefferson Kim
Accounting - Financial Statement Analysis - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This tutorial covers the various topics within financial statement analysis. This includes topics such as horizontal analysis, vertical analysis, trend analysis, ratio analysis, comparative statements, etc. It covers various ratios such as current ratio, acid test ratio, accounts receivable turnover, inventory turnover, day's sales uncollected, day's sales in inventory, total asset turnover, debt/equity ratio, times interest earned, profit margin, gross margin, return on total assets, return on investment, return on equity, price-earnings ratio, dividend yield, etc.
Views: 71432 Christopher Severson
Accounting information system Wikipedia EDUCATIONPROCESSANDSUCCESS
 
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ey, Guys! welcome to my channel. My name is Rijwanur.I love to make Education VideosAccounting information system[edit] Main article: Accounting information system Many accounting practices have been simplified with the help of accounting computer-based software. An Enterprise resource planning (ERP) system is commonly used for a large organisation and it provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. Accounting information systems have reduced the cost of accumulating, storing, and reporting managerial accounting information and have made it possible to produce a more detailed account of all data that is entered into any given system. Anyways! Make Sure to Subscribe For Daily Videos On GTA, learn Wheels, More education knowledge And Of Course Endless knowledge Moments! Facebook https://www.facebook.com/Education-Pr... If you Contact Me! Then Give me a Mail # [email protected] Keyword #Insurance #Loans #Mortgage #Attorney #Credit #Lawyer #Donate #Degree #Hosting #Claim #Conference Call #Trading #Software #Recovery #Transfer #Gas/Electricity #Classes #Rehab #Treatment #Cord Blood #Financial Analysis #Finance #Investment #Banking #Investment Banking #Education #university #Accounting #Economics #Economics Development #Forex #central bank #Credit Trading # Financial team and congestion #business #insurance company #management #marketing #loans with bad credit, #loans for unemployed, #loans and advances, #Online Loans system policy, #Mortgage And Attorney, #business loans, #loans credit, #difference Mortgage policy, # difference Attorney system #mortgage calculator, #mortgage rates, #mortgage note, #mortgage loan, #mortgage statement, #attorney general, #attorney at law, #attorney business cards, #attorney logo, # attorney resume samples, #credit card, credit score, #credit card number, #credit note, #credit suisse, #Personal Injury Lawyer, #types of lawyer, #the lincoln lawyer, #Mesothelioma, #law firm california, #atlanta asbestos lawyers, #philadelphia asbestos lawyers, #firm law mesothelioma, #Asbestos Lawyers #oncology doctors, #MBA Degree, #BBA Degree, #High School, MBBS, #online degree, #mba programs, #online mba programs Tag Insurance, Loans, Mortgage, Attorney, Credit, Lawyer, Donate, Degree, Hosting, Claim, Conference Call, Trading, Software, Recovery, Transfer, Gas/Electricity, Classes, Rehab, Treatment, Cord Blood,Financial lAnalysis,Finance,Investment,Banking,Investment Banking,Education,university,Accounting,Economics,Economics Development,Forex,central bank,Credit Trading, financial team and congestion,business,insurance company,marketing,management college, advice, success, online, course, ig, mixed, blonde, creole, beauty, fashion, student, Ohlone, Fremont, bay, area, Chabot, uni, Students, Campus, School, Graduation, Education, Community, Study, Class, Random, Program, Wisdom, Graduate, Degree, organize, Business fashion, style, Vivian, zhu,vzhux3, studying, how, to, study, school, taking, take, class, notes, outline, notebook, tips, tricks, College, University, Student, Book, Help, Books, Education, for, tests, exams, Test (assessment), middle, high school, learn, outlining, let's talk,loans with bad credit, loans for unemployed, loans and advances, Online Loans system policy, Mortgage And Attorney, business loans, loans credit, difference Mortgage policy, difference Attorney system mortgage calculator, mortgage rates, mortgage note, mortgage loan, mortgage statement,attorney general, attorney at law, attorney business cards, attorney logo, attorney resume samples,credit card, credit score, credit card number, credit note, credit Suisse,Personal Injury Lawyer, types of lawyer, the lincoln lawyer, Mesothelioma, law firm California, Atlanta asbestos lawyers, Philadelphia asbestos lawyers, firm law mesothelioma, Asbestos Lawyers oncology doctors, MBA Degree, BBA Degree, High School, MBBS, online degree,MBA programs, online MBA programs
Structure of Accounting Information System | Business Strategy
 
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http://www.accountinginformationsystems.org/ - An accounting information system (AIS) is a collection of interrelated parts, some of which may incorporate information technology. Its purpose is to collect data, process it into information, and report the information so it can be used by internal and external decision makers. Discuss why AIS is an important area of study for future accountants. AIS is important because it cuts across traditional functional lines in accounting. It provides the "big picture" and allows students to develop their critical-thinking and problem-solving skills. Compare and contrast AIS with other areas of study in accounting. AIS is like other areas of accounting in that it includes consideration of financial statements and internal reports. It is different, though, from other parts of accounting. AIS typically includes more open-ended problems that do not have deterministic responses. It also cuts across traditional accounting subdivisions (financial, managerial, and the like) and incorporates material from disciplines outside accounting (such as management and information systems).
Views: 1527 mojosocial
11 Objectives of Accounting
 
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11 Objectives of Accounting In this lesson, we will learn about the objectives of accounting. Accounting helps organizations in achieving their goals by recording, summarizing and presenting accurate financial information to its users. But here’s the thing. Accounting isn’t cheap. Building the right accounting system for a business can involve considerable investment of time and money. So you may be wondering exactly why we need accounting and whether it serves any useful purpose that justifies its cost. Following are the 11 objectives of accounting that demonstrate the importance of accounting systems in organizations. 1. Recording A reliable accounting record forms the backbone of an accounting information system. The fundamental objective of accounting is to maintain a systematic, accurate and permanent record of all transactions of a business such as sales, purchases, income and expenses. 2. Planning Accounting enables organizations to plan the use of its limited resources such as cash and labor by preparing budgets. Budgeting process helps organizations to plan ahead by anticipating future business needs and identifying potential bottlenecks. Budgets improve the efficiency of organizations by diverting resources to the most critical business processes. 3. Management Decisions Accounting information helps managers in evaluating a range of decisions to improve the profitability and efficiency of business such as: • Pricing decisions • Limiting factor analysis • Financing decisions • Investment appraisal 4. Performance Measurement Accounting helps to determine how well a business is performing by summarizing the financial information into quantifiable measures such as sales revenue, net profit, expenses and so on. It is important for organizations to measure their key performance indicators regularly and reliably so they could improve themselves by making valid comparisons against their past performance as well as against industry benchmarks. 5. Position Analysis Financial statements indicate the financial condition of a business by showing for example: • Cash flow • Capital investment • Cumulative earnings • Liabilities • Assets 6. Liquidity Assessment Mismanagement of cash flow is often cited as the primary reason for failure in many startups. Accounting helps businesses in reducing the risk of bankruptcy through timely detection of financial bottlenecks and managing cash flow in a way that the business always has sufficient liquid funds available to pay for its financial commitments. 7. Financing Organizations that are low on funds need to present their accounting information to lenders in order to secure finance. Whether a business applies for a bank loan or an investment by shareholders, it will need to provide its historical accounting record as well as financial plans, projections and forecasts. 8. Internal Control One of the key objectives of an accounting system is to place internal controls within an organization for protecting its valuable resources. Assets of a business such as cash, buildings and inventory are all susceptible to losses arising from theft, fraud, error, obsolescence, damage and mismanagement. Accounting information system should ensure that such risks are reduced to an acceptable level by placing various checks across the organization. 9. Accountability Accounting provides a basis for assessing the performance of a business over a period of time which facilitates accountability across several tiers of an organization. 10. Legal Compliance Accounting facilitates organizations in performing their legal responsibilities by providing accurate information of their financial rights and obligations. Accounting is also a legal requirement for most businesses. Law requires organizations to maintain an accurate accounting record and to report their financial results to stakeholders such as tax authorities, shareholders and regulators on a timely basis. 11. Users Role of accounting is not just limited to the information needs of employees and owners of a business. Accounting fulfills the information needs of a diverse group of stakeholders each with its own information requirement as discussed in the following video. Further Reading: https://accounting-simplified.com/financial/introduction/objectives-&-purpose.html
Views: 1760 Accounting Simplified
Is Multi Accounting Really That Bad In Pokemon Go?
 
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Is Multi Accounting Really That Bad In Pokemon Go? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Count Jinsula's Channel: https://www.youtube.com/channel/UCfgoWb-F3Ja6R8v9xWQQ2eA Keibron Gamer Video: https://www.youtube.com/watch?v=J4_5euvRaOw ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Patreon: https://www.patreon.com/flwvideos Twitter: https://twitter.com/flwvideos Second Channel: https://www.youtube.com/channel/UCjZSVPUi23o9k1_JbQCxl5g ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Product Links: Pokemon Gotcha: https://amzn.to/2s2zryE Go Plus: https://amzn.to/2LPAPgx Audio Capture: https://amzn.to/2s8oBqJ Microphone: https://amzn.to/2F6uCMG Sub Counter Clock: https://amzn.to/2Vq2F80 Lighting Kit: https://amzn.to/2VoRX1D Elgato Capture Card (capture gameplay):https://amzn.to/2VoRX1D Portable Camera Microphone: https://amzn.to/2s454I6 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Sources: All Raid Information: www.pokebattler.com Pokebattler Patreon: https://www.patreon.com/pokebattler Ideal Movesets: https://pokemongo.gamepress.gg/pokemon-list Animated Pokemon Models: https://www.furretturret.com/resources/hd/regular News Information: www.pokemonGohub.net ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Music Sources: Artist: Lakey Inspired Feels Like Home By Lakey Inspired : https://soundcloud.com/lakeyinspired
Views: 24112 FLW Videos
Accounting Information
 
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This Lecture talks about Accounting Information
Views: 343 cec
Revenue Cycle, Accounting Information System (AIS)
 
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We are a group from DIA 4C. Jul-Dec 2016. Hope this video gives you information. Thank You for watching :3
Views: 2082 Haisyam JR
Solutions Accounting Information Systems 2nd E Richardson
 
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Solutions Manual and Test Bank for Accounting Information Systems 2nd Edition by Richardson, Chang | Contact: getsmtb(at)msn(dot)com | ISBN-13: 9781260153156
Views: 70 Quality Resources
Dog ate your financial data? Accounting resources on CanadaBusiness.ca
 
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Find information resources on CanadaBusiness.ca to help your business with accounting. Visit http://ow.ly/tlKH305pII3 LET'S CONNECT! http://facebook.com/CanadaBusiness http://twitter.com/CanadaBusiness
What Is the Importance Of Accounting?
 
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Do you want to know What Is the Importance Of Accounting? Explore accredited online Accounting Courses at Brentwood Open Learning College: http://www.bolc.co.uk. Accounting constitutes various inter connected activities from collecting and recording information to analysing, evaluating and finally communicating it to interested parties. Information is meaningless unless it fulfils a specific purpose. There are various internal and external stakeholders in a business organization such as its managers, shareholders, employees, customers, creditors, competitors. Accounting is required to account for the economic resources in all business and non-business activities.In business organizations such as, manufacturing or trading entities and in non-business organizations such as, schools, colleges, hospitals, libraries, etc.Language serves as a means of communication; therefore, accounting is the language of business.It assists in keeping and managing record of transactions of a business or a firm; It not only provides useful information about all the financial operations of a business but also highlights net gains or any loss made at the end of a financial year, and thus, it draws an accurate picture of the business. It also helps in making important economic decisions by analysing the past performance. A certificate or diploma in accounting and finance helps you learn skills that are helpful in a variety of industries. Brentwood open learning college proudly offers range of highly regarded accounting and finance courses to help students gain skills and compete in modern world. Certificate in accounting and finance level 2 is designed to deliver the essential fundamentals and knowledge to students. Certificate in accounting and finance level 2 comprises four valuable units: Introduction to Accounting, The Key Reports, Tools for Financial Analysis, and The Basics of Budgeting. Certificate in accounting and finance level 3 improves skills in students by providing invaluable knowledge about contemporary accounting and finance methods. This course consists following six units: Introduction to Accounting and Finance, Role of an Accountant, The Balance Sheet, Profit and Loss Accounts, Cash Flow Statement and Budgeting. Diploma in accounting and finance level 4 is highly regarded course to equip students with skills and knowledge according to requirements of contemporary world. Diploma in accounting and finance level 4 is divided in following thirteen units: Introduction to Accounting, The Role of an Accountant, Accounting Concepts and Standards, Journals and Subsidiary Books, Profit and Loss Accounts, Balance Sheet, Cash Flow Statements, Budgeting, Variance Analysis, Ratio Analysis, Financial Management, Management of Working Capital and Investment Methods. Study material helps students to manage the complexities and problems faced while maintaining records of accounts. Students learn at their own pace and convenient timings. facebook : https://facebook.com/bolconline Twitter : https://twitter.com/bolcuk Google+ : https://plus.google.com/+BrentwoodOpenLearningCollege
Accounting Information and Types - Learn Accounting Online
 
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The role of an accountant in generating accounting information is to observe, screen and recognize events and transactions to measure and process them, and there by compile reports comprising accounting information that are communicated to the users. These are then interpreted, decoded and used by management and other user groups. It must be ensured that the information provided is relevant, adequate and reliable for decision-making. The apparently divergent needs of internal and external users of accounting information have resulted in the development of sub-disciplines within the accounting discipline 1. Operation Accounting 2. Financial Accounting 3. Cost Accounting 4. Management Accounting The economic development and technological improvements have resulted in an increase in the scale of operations and the advent of the company form of business organisation. This has made the management function more and more complex and increased the importance of accounting information. This also gave rise to special branches of accounting. By operating information, we mean the information, which is required to conduct the day-to-day activities. Examples of operating information are: Accounts of wages paid and payable to employees, Information about the stock of finished goods available for sale and each one's cost and selling price, Information about amounts owed to and owing by the business enterprise, Information about stock of raw materials, spare parts and accessories and so on. Financial accounting information is intended both for owners and managers and also for the use of individuals and agencies external to the business. Financial accounting is concerned with the recording of transactions for a business enterprise and the periodic preparation of various reports from such records. Cost accounting assists in analyzing the expenditure for ascertaining the cost of various products manufactured or services provided by the firm and fixation of prices thereof. It also helps in controlling the costs and providing necessary costing information to management for decision-making. Management Accounting: Management accounting employs both historical and estimated data, in assisting management in daily operations and in planning for future operations. It deals with specific problems that confront enterprise managers at various organizational levels. The management accounting is frequently concerned with identifying alternative courses of action and then helping to select the best one. For Example: The accountant may help the finance manager in preparing plans for future financing or may help the sales manager, in determining the selling price to be fixed on a new product, by providing suitable data. Management accounting draws the relevant information mainly from financial accounting and cost accounting which helps the management in budgeting, assessing profitability, taking pricing decisions, capital expenditure decisions and so on. Besides, it generates other information (quantitative and qualitative, financial and non-financial) which relates to the future and is relevant for decision-making in the organization. Such information includes: sales forecast, cash flows, purchase requirement, manpower needs, environmental data about effects on air, water, land, natural resources, flora, fauna, human health, social responsibilities, etc. As a result, the scope of accounting has become so vast, that new are as like human resource accounting, social accounting, responsibility accounting have also gained prominence.
Views: 7618 Alternate Learning
Accounting Information and Its Uses | Class 11 Accountancy Introduction to Accounting
 
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Accounting Information and Its Uses | Class 11 Accountancy Introduction to Accounting by Anjali Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
Effect of Information Technology on Strategic Management Accounting - ACCA APM
 
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Effect of Information Technology on Strategic Management Accounting - ACCA APM *** Complete list of free ACCA lectures is available on OpenTuition.com https://opentuition.com/acca/apm/ *** Free lectures for the ACCA Advanced Performance Management (APM) Exam To benefit from this lecture, visit opentuition.com/acca to download the notes used in the lecture and access all our free resources including access to all ACCA lectures and Ask the ACCA Tutor Forums https://opentuition.com/acca/apm/ Please go to opentuition to post questions to ACCA Tutor, we do not provide support on youtube.
Views: 2597 OpenTuition
Production Cycle - Accounting Information System
 
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production cycle by student Kolej Professional Mara Ayer Molek July-Dec 2016 DIA 4A
Views: 446 nadiah khairulanuar
Accounting Information   ACCA F1
 
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Chapter 4 ACCA F1
Views: 3264 AC Training
Human Resource Accounting
 
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“HRA is a process of identifying and measuring data about human resources and communicating this information to interested parties.” Models of Human Resource Accounting Cost Models Present Value Models Historical or Acquisition Cost Model Replacement Cost Model Individual Replacement Cost Positional Replacement Cost Opportunity Cost Model Present value methods try to measure economic value rather than simply record investment in human resources at historic or replacement cost. Present value models seeks to measure the value of human resources on the basis of present value of the services to be generated by the employees of an organisation in future. By discounting the future salaries and employee related capital costs (such as cost incurred on recruiting, training and developing employees) by a certain rate of discount,.
Views: 7614 DVRamanaXIMB
Accounting & Finance Staffing | Advanced Resources
 
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Experienced Resources with Accounting and Finance Expertise Advanced Resources successfully delivers the elite accounting and finance professionals organizations need to impact the bottom line and drive financial success. Our recruiters are some of the most experienced and successful finance and accounting specialists working today. Our finance and accounting market knowledge means we can deliver the talent you need, when you need it most. Vist https://www.advancedresources.com/accounting-finance/ for more information and to get in touch with one of our Accounting and Finance Staffing Specialists.
Managerial Accounting - Scarce or Limited Resources Exercise - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This video is a walk through of a solution for a Managerial Accounting "Scarce or Limited Resources" type problem using an Excel template. This shows what information needs to be considered in this problem to properly calculate how profitable each product is and in which order to produce them to maximize profit and as much demand as possible.
meaning, definition and method of human resource accounting in hindi
 
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meaning, definition and method of human resource accounting in hindi
Views: 18703 All About commerce
Production Cycle : Accounting Information System
 
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This is my friend assignment video regarding Accounting Information System. Enjoy!!! :3 Photos - Flickr : https://www.flickr.com/photos/[email protected] - Instagram : https://www.instagram.com/fox248/ Social Life - Facebook Page : https://www.facebook.com/SyahirFox/ - Twitter : https://twitter.com/Syahir248 - Blogspot : http://syahirfox.blogspot.my/ Don't forget to subscribe Syahir Fox for more upcoming videos! :3
Views: 924 Syahir Fox
Double-entry and Events Accounting - Part 1
 
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This video explains the nature of transactions recorded in an accounting information system and the relationship between double-entry accounting and events accounting. The REA (resources, events, agents) enterprise ontology (REA-EO) models events and their related resources and agents to semantically model accounting phenomena. Hopefully, this video shows you that describing accounting transactions in terms of events is easy to understand. Future videos will demonstrate how to use an events perspective to design an enterprise-wide accounting information system.
Views: 1672 REASemanticWeb
Web based requisition software Accounting information systems
 
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TRxLink™. is a powerful, web-based application designed to streamline your requisition process, saving you time, effort and money. Best of all, there is Minimal Software Installation and No Capital Investment for our online requisitioning software. Simply pay as you go and reap the rewards of this unique, centralized requisitioning and purchasing process system. TRxLink™ seamlessly integrates with several ERP applications. This enables both small and large companies across all industries to monitor their transactions in real-time, ensuring consistency, reducing errors and redundancies and increasing levels of operational efficiency.
Views: 2445 ebizsoftinc
Management Accounting | Different Branches of Accounting | Lecture 4
 
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Management Accounting Management Accounting | Different Branches of Accounting | Lecture 4 Introduction (00:00:16 - 00:00:31) #Learning Goals (00:00:31 - 00:01:00) -Financial Accounting -Cost Accounting -Management Accounting -Inflation Accounting -Human Resource Accounting -Social Responsibility Accounting -Hotel Accounting -Forensic Accounting #The Explanation: *Financial Accounting (00:01:01 - 00:02:44) -Science and Art of recording and classifying business transactions -Preparing the summaries in the form of financial statements -Communicating the accounting information to the interested users *Cost Accounting (00:02:45 - 00:07:03) -Ascertainment/determination of Cost -Classification of the costs -Appointment/distribution of costs -Control of costs *Management Accounting (00:07:04 - 00:11:29) -Redesigning the accounting information in a way which facilitates the managerial decision making and managerial control -Redesigning/reorientation/reshaping of accounting information by various techniques *Inflation Accounting (00:11:31 - 00:13:17) -Also known as Accounting for changing prices -A system of accounting which regularly records all items in financial statements at their values *Human Resource Accounting (00:13:17 - 00:15:53) -A process of identifying and measuring data about human resources and communicating this information to interested parties -It is the measurement and quantification of human organizational inputs such as recruiting, training, experience and commitment *Social Responsibility (00:15:53 - 00:18:15) -The process of communication the social and environmental effects of organizations' economic actions to particular interest groups within society and society at large -Social accounting challenges conventional accounting *Hotel Accounting (00:18:16 - 00:19:07) -It is a part of accounting practice in hospitality industry -The main financial statements are not different from other accounting reports: Balance sheet,Profit and loss and Statement of cash flow *Forensic Accounting (00:19:08 - 00:20:15) -The use of accounting skills to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings Video by Edupedia World (www.edupediaworld.com) , free online education Click here https://www.youtube.com/watch?v=AX0R-tvKC9w&list=PLJumA3phskPEgR9l7ymYJEQLIyJlvzJe7 for the play list All Rights Reserved
Views: 789 Edupedia World
ACCOUNTING INFORMATION SYSTEM | PENGGAJIAN DAN PENGUPAHAN
 
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-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 256 Icha M Febriyana
How Long To Master Accounting?
 
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How long does it take to master accounting is a common question that is not easy to answer. One reason is that accounting is a very large topic and is not easy to fully define. Accounting can be thought of a subset of business or, in some cases, of law. The topic of business, in general, is way too large for any one person to master because it touches so many related fields. Deciding to focus on accounting is a step in the right direction for many learners because it allows us to set more defined goals. Accounting is still a huge topic, however, and we generally need to specialize further and set more short-term goals. Having accounting mastery as a long-term vision, rather than a short term goal, can help us develop a vision and allow us to set short term goals along the way. For example, we may set goals to get a degree in accounting and break this goal up into smaller chunks including classes, and then tests, and then study time and so on. Once we achieve the goal of a diploma, many of us run into a problem. We achieved our goal and need another. It is also possible to learn accounting on the job rather than go the academic path. Choosing to learn accounting on the job and our own generally requires more specific planning and goal setting because we do not have the structure of the formal educational path, but it is very doable and helps develop the skills of setting goals and charting our course. Supplementing our accounting resources in much easier than many would think. The order of most formal accounting programs is well defined. We can look up the textbooks of large publishers and see that the order of the content is much the same across the major accounting textbooks of those publishers. The outline of the accounting textbook, the table of contents, can provide a structure for us to supplement our accounting resources. For more accounting information see accounting website. http://accountinginstruction.info/
ACCA F2 - 1 The nature and purpose of management accounting
 
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For your free course notes to accompany this video visit http://www.theexpgroup.com/expand/
Views: 26980 theexpgroup
Processing Accounting  Information
 
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TO USE OR PRINT this presentation click : http://videosliders.com/r/1337 ============================================================== Processing Accounting Information Chapter 2 ©2006 Prentice Hall Business Publishing Financial Accounting, 6/e Harrison/Horngren ,Learning Objective 1 Analyze business transactions. ,The Account Basic summary device Accounts - grouped in three broad categories Assets Liabilities Stockholders’ Equity ,The Account Assets - economic resources that benefit the business now and in the future Cash Accounts receivable Inventory Notes receivable Prepaid expenses Land Buildings Equipment, furniture, and fixtures ,The Account Liabilities - debts of the company Notes payable Accounts payable Accrued liabilities Long-term liabilities (bonds) ,The Account Stockholders’ (owners’) equity - owners’ claims to the assets of a corporation Common Stock Retained Earnings Revenues Expenses ,Accounting for Business Transactions Transaction - any event that both affects the financial position of the business entity and can be reliably recorded ,Accounting for Business Transactions 1. The Lyons invest $50,000 to begin the business, and Air & Sea Travel issues common stock. (1) 50,000 50,000 ,Accounting for Business Transactions 2. Air & Sea purchases land for an office location, paying $40,000 in cash (40,000) 40,000 Bal 10,000 40,000 50,000 ,Accounting for Business Transactions 3. The business buys office supplies, agreeing to pay $500 to the office-supply store within 30 days. (3) 500 500 Bal 10,000 500 40,000 500 50,000 ,Accounting for Business Transactions 4. Air & Sea Travel earns service revenue of $5,500 and collects this amount in cash. (4) 5,500 5,500 Bal 15,500 500 40,000 500 50,000 5,500 ,Accounting for Business Transactions 5. Air & Sea Travel performs services for customers on account for $3,000. (5) 3,000 3,000 Bal 15,500 3,000 500 40,000 500 50,000 8,500 ,Accounting for Business Transactions 6. Air & Sea Travel pays $2,700 for cash expenses: office rent $1,100, employee salary $1,200, and utilities $400. (6) (2,700) (2,700) Bal 12,800 3,000 500 40,000 500 50,000 5,800 Bal 12,800 3,000 500 40,000 500 50,000 5,800 ,Accounting for Business Transactions 7. Air & Sea Travel pays $400 to the store from which it purchased office supplies in Transaction 3. (7) (400) (400) Bal 12,400 3,000 500 40,000 100 50,000 5,800 ,Accounting for Business Transactions 8. The owners remodel their home at a cost of $30,000, paying cash from personal funds. This is a personal transaction, not a business transaction! ,Accounting for Business Transactions The business collects $1,000 from a customer on account. (9) 1,000 (1,000) Bal 13,400 2,000 500 40,000 100 50,000 5,800 ,Accounting for Business Transactions 10. Air & Sea Travel sells land for a price of $22,000, which is equal to the amount it paid for the land. (10) 22,000 (22,000) Bal 35,400 2,000 500 18,000 100 50,000 5,800
Views: 358 slide show me
Railraod accounting information
 
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Public sources to collect financial information on railroads
Views: 7 Bob Brand
Financial Accounting (ACCA F3) Lecture 2 - Recording Business Transactions
 
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This video shows the ways to record business transactions occuring within an organization and intruduces the concept of t-accounts. Financial statements summarize the effects of economic phenomena in words and numbers. They show the resources of an entity (and claims to those resources). To be able to do this, an entity must be able to capture information about its economic resources and claims against these resources as well as the effects of transactions, other events and conditions that change those resources and claims. A transaction is any event that has a financial impact on the business and can be measured reliably. For example, De Beers sells diamonds, borrows money, pays taxes, and buys equipment— these are all transactions.But not all events qualify as transactions. De Beers may apply for a bank loan but no transaction will be recorded until it has utilized the loan facility. Diamond retailers may place an order with De Beers and it is not recorded as a transaction until De Beers delivers the diamonds to its customers. A transaction, i.e. a change in an entity’s resources and claims to those resources, must occur before De Beers records anything. Transactions provide objective information about the financial impact of an economic phenomenon on an entity. Transactions reflect increases and/or decreases to financial statement elements. Whilst the financial impact of a transaction is generally measurable, usually reflected by a quantity able monetary amount such as price charged/paid and cash collected/paid, in certain situations, some estimation based on observable data or assumptions may be necessary. In accounting, we always record these effects so that the eventual financial statements are relevant and faithfully represent the economic phenomenon that transpired during the reporting period. Also check out: https://www.youtube.com/watch?v=yf-nUGo61WE Do not miss this was: https://www.youtube.com/watch?v=t9uTvdcnDKI
Views: 534 Scholars Academy
Water Resources Vulnerability Assessment Accounting for Human Influence
 
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2014 Fall Meeting Section: Hydrology Session: Sustainable Water Quantity and Quality in the Built Environment I Title: Water Resources Vulnerability Assessment Accounting for Human Influence Authors: Mehran, A, University of California Irvine, Irvine, CA, United States AghaKouchak, A, University of California Irvine, Irvine, CA, United States Abstract: Reservoirs are one of the main infrastructures that provide resilience against extremes (e.g., floods and droughts) and they play a key role in water resources management. Based on International Commission of Large Dams (ICOLD 2003) records, the total volume of reservoirs is over 6200 km3, which is twice larger than the global annual water use estimated as 3000 km3. Just a simple comparison of the two numbers indicates the importance of reservoirs and their role in providing resilience for water security. On the other hand, man-made reservoirs change the water distribution throughout the year. Most climate change impact studies ignore the role of reservoirs in water availability studies. However, water availability cannot be properly assessed without a thorough assessment of reservoir conditions. By combining classical methods for climate variability assessment (top-down approach) and influence assessment (bottom-up approach), this study offers a hybrid framework that integrates different drivers of water storage vulnerability. Final index is termed as the Multivariate Standardized Reliability and Resilience Index (MSRRI). This index investigates the adaptive capacity of the reservoir and exposure of the system to variable conditions. MSRRI has been investigated over several major reservoirs in Australia and California, United States. This presentation reviews recent findings and discusses reservoir conditions in Australia and California using MSRRI under different climatic change scenarios. Cite as: Author(s) (2014), Title, Abstract H52E-07 presented at 2014 Fall Meeting, AGU, San Francisco, Calif., 15-19 Dec. Learn more here: http://abstractsearch.agu.org/meetings/2014/FM/H52E-07
Views: 275 AGU
What is TDS | tds | Tax deduction at source | how to calculate tds
 
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What is TDS | how to calculate tds Understand tax deduction at source in hindi | How TDS work on interest. Ref: – Section 194A (1) read with section 194A (3) (i) Provision up-to 31/05/15 TDS will be deducted on Interest (other than interest on securities) over a specifiedthreshold Limit (mentioned above) on branch wise. From 01/06/2015 TDS will be deducted on Interest (other than interest on securities) over a specifiedthreshold Limit (mentioned above) on BANK WISE and not branch wise. Read:- How to File TDS return- StepGuide Read:- File Form 15G/15H to avoid TDS in case annual income is less than exemption limit TDS क्या होता है
Views: 600292 Fin Baba
2 Accounting Information System
 
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This video is related to HOW DO I ... ? training series as part of Financial Accounting course
Views: 26 Ahmed fathy
Solutions Accounting Information Systems 3rd E Turner
 
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Solutions Manual and Test Bank for Accounting Information Systems 3rd Edition by Turner, Weickgenannt, Copealand. Contact = getsmtb(@)msn(dot)com - ISBN-13: 9781119302117
Views: 31 Quality Resources
CAREERS IN ACCOUNTING how businesses track
 
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ACC 100 ASSIGNMENT 1 CAREERS IN ACCOUNTING Visit Below Link, To Download This Course: URL= https://www.tutorialsservice.us/product/acc-100-assignment-1-careers-accounting/ Assignment 1: Careers in Accounting Due Week 8 and worth 240 points Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management. Use the Internet or the Strayer Online database to research career options within the accounting field and accounting job postings in your local area to respond to the questions in the assignment. Write a one to two (1-2) page paper in which you: Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants. Describe one (1) researched accounting position, and explain the essential skills that would make a candidate successful in the position. Articulate the primary manner in which the researched accounting positions could add value to the company seeking candidates. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports. Use technology and information resources to research issues in financial accounting. Write clearly and concisely about financial accounting using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Views: 2 crack LLC
Where management accounting comes in
 
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Kathy Waller, CPA, CGMA, EVP & CFO, The Coca-Cola Company, talks about the importance of management accounting in her role. For more information and CGMA resources, visit http://www.cgma.org
Views: 676 CGMA

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