Date post: | 20-Dec-2015 |
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OBJECTIVES OF ACCOUNTING INFORMATION SYSTEMS
Matherial is prepared according to:
Paige Baltzan, Amy Phillips. Bussiness Driven Information Systems. 2008McGraw Hill Higher Education Online Learning. http://onlinelearning.uvcms.com/index.php?page=course-and-program-catalog
Main steps of accounting
• Identify and apply Generally Accepted Accounting Principles (GAAP).
• Apply the steps of the accounting cycle. • Post and analyze transactions using ledgers and
journals. • Demonstrate how to record adjusting entries for
prepaid expenses and unearned revenue. • Demonstrate understanding by completing an
adjusted trial balance.
Main steps of accounting
• Perform a bank reconciliation. • Explain the purpose of the sales journal and the
Accounts Receivable ledger and post entries to both.
• Record the costs associated with the acquisition of property, plant, and equipment.
• Explain the purpose of and prepare entries for the purchase order journal and accounts payable (A/P) ledger.
• Identify the fundamental principles of an accounting information system.
Basics for Accounting business
Recording business information
Financial statements
Accounting cycle
Asset Cash and Controls
Assets Sales and Receivables
Assets: Inventory Valuation
Assets: Inventory Valuation
Acquisition of Property, Plant and Equipment
Liabilities: Purchasing and Payables
Liabilities (atsakomybė už nuostolius)
Liabilities
Liabilities of employee and payroll accounting