1. Timeliness 2. Understandability 3. Reliability.4 Completeness. 5. Comparability. 6. Relevance
Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.
discuss the objective of business
Discuss; there is no one universally accepted accounting theory.
difine the nature and scope of management accounting?
They are set of accepted accounting standards and general rules.
The variation in accounting disclosure and reporting practices.
discuss brifly various types of accounting packages along with their functions
wat is it?
Accounting serves as an information system by systematically collecting, processing, and communicating financial data to stakeholders. It transforms raw financial information into structured reports, such as income statements and balance sheets, which aid in decision-making and performance evaluation. By adhering to standardized principles, accounting ensures the reliability and comparability of financial information, thereby enhancing transparency and accountability within organizations. Ultimately, it plays a crucial role in financial management, regulatory compliance, and strategic planning.
Features of windows
The Terapeak website has information on their features and purpose of their product, as well as a user manual. Ebay also has some forum topics where users discuss their experiences with Terapeak.
Discuss the various methods of inflation accounting.