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An Account Analysis (AA) system is software used in banks to analyse various accounts a customer has. The end-product of the account analysis system is an Account Analysis Statement which is a summary report of the banking services for the month.
On a broad level, an account analysis system:
· Tracks the various activities, balances and charges with the accounts, collecting inputs from other systems.
· Accumulates both customer balance and service usage information on a monthly basis in order to apply a pricing schedule, calculate a service charge, and provide a credit for the balance maintained in the account.
What else can I help you with?
Use of horizontal analysis?
A horizontal analysis of an account on a spreadsheet can allow the user to compare the amount in the account at different dates during a fiscal period. When doing a spreadsheet analysis each entry for the account is listed horizontally until the end of the fiscal period date.
What is critical account?
A response/analysis that analyses the validity of an author's claims.
What is the basic difference between account analysis method and high-low method as applied in cost estimation?
The basic difference between the account analysis method and the high-low method in cost estimation lies in their approach to identifying fixed and variable costs. The account analysis method involves a detailed review of each account in the financial records to classify costs based on their nature, while the high-low method uses only the highest and lowest activity levels to estimate variable and fixed costs, making it simpler but potentially less accurate. The account analysis method provides a more comprehensive view, whereas the high-low method is quicker but may overlook variations within the data.
What does nature of account mean?
The nature of an account refers to the type and characteristics of a financial account within accounting systems. It indicates whether the account is an asset, liability, equity, revenue, or expense, which determines how transactions involving that account will be recorded and reported. Understanding the nature of an account is essential for accurate financial reporting and analysis.
What is the difference between public sector accounting as opposed private sector accounting?
1. The private sector accounting prepared accrual basis but public sector Accounting prepared cash basis. 2. The public sector account fixed assets treated expense but Private sector account fixed assets treated capital. 3. The public sector account analysis report Public but private sector account analysis report not public. 4. The public sector account fixed assets not calculated depreciation but private sector account fixed assets depreciation calculated.
Can I request an escrow analysis for my account?
Yes, you can request an escrow analysis for your account.
Can you request an escrow analysis for your account?
Yes, you can request an escrow analysis for your account.
What does conduct account analysis mean?
conduct of account
Use of horizontal analysis?
A horizontal analysis of an account on a spreadsheet can allow the user to compare the amount in the account at different dates during a fiscal period. When doing a spreadsheet analysis each entry for the account is listed horizontally until the end of the fiscal period date.
What is critical account?
A response/analysis that analyses the validity of an author's claims.
When can you request an escrow analysis?
You can request an escrow analysis when you want to review and potentially adjust the amount of money held in your escrow account for property taxes and insurance.
The phase of accounting system installation in which the information needs of people in the organization are taken into account is?
Analysis
Types of Cost-benefit analysis methods?
One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.
What is the basic difference between account analysis method and high-low method as applied in cost estimation?
The basic difference between the account analysis method and the high-low method in cost estimation lies in their approach to identifying fixed and variable costs. The account analysis method involves a detailed review of each account in the financial records to classify costs based on their nature, while the high-low method uses only the highest and lowest activity levels to estimate variable and fixed costs, making it simpler but potentially less accurate. The account analysis method provides a more comprehensive view, whereas the high-low method is quicker but may overlook variations within the data.
What is suspense account?
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.
What does nature of account mean?
The nature of an account refers to the type and characteristics of a financial account within accounting systems. It indicates whether the account is an asset, liability, equity, revenue, or expense, which determines how transactions involving that account will be recorded and reported. Understanding the nature of an account is essential for accurate financial reporting and analysis.
Analysis of the types of terms of trade?
the current account and the current account balance are within the terms of trade. if you there is money entering the money supply from a foreign market or someone who has not yet deposited the money into a banking system, that will be a current account. it will be a current account balance, composed of capital account, trade account, and account deficit. this means, if the money is leaving the country.
