Accounting Information Systems: An Overview

SMW is a wholesaler of specialty micro-brewed beers. SMW purchases bottles and kegs of beer from small microbreweries in the New England area and sells them to local liquor retailers in Boston. SMW’s slogan is “Always in-stock, next day delivery.” Ted Stern, SMW’s owner and CEO, hopes to expand sales to outside of the Boston metro area within one year.

This assignment reviews basic accounting entries for a series of transactions, emphasizes the integration of journals to the financial statements, and introduces students to these journal entries in SAP ERP

It provides a structure to capture the linkage of organizational activities that create value for the customer and profit for the organisation. It is particularly useful to get across the notion that operations and the other activities must work cross functionally for optimal organization performance(Chase et al. 2007).

The purpose of this report is to present an analysis of Jungle Books’ accounting information system, and finding its inefficiencies, internal control weakness in its expenditure cycle .Also, understanding the importance of these problems, and attempt to solving them without merely adding employees or staffs.

This task I am going explain the process of distributing goods through different channels from the manufacturer to the customers. The term distribution means the process of delivering, storing and selling goods, so that they can be used by customers. (Source- Intermediate Retail and Distribution, Delivering is about what types of transport which are used to carrying and delivering goods, the types of transport is going to be Rail, Road, Air, Water for example rivers, ocean cargo and canals and People. Storing is about where the goods are going to come from and where they are going to be stored. Selling is going to be where you are going to sell the goods

Value chain is the ability to take a product and add some value along the way to make it to appeal to the customers in such a way that they be willing to buy the product and pay the asking price. Many companies in today’s business world analyze their value chains to identify the ways which continue to attract their customers. The value chain analysis consist of two parts, primary activities and secondary activities. The first ones support the actual physical process of buying, manufacturing, shipping and selling the product and the secondary activities are is actions that support the process, such as procurement, technical support and human resource management.

| 1) Shipment of products directly to individual 2) Direct delivery to retail outlets &retail establishments

Keane (2008) stated to design, manufacture, promote, offer and facilitate its product or services, all organization engages in some activities. All of these activities of an organization are shown through the use of value chain process. The manner in which organization performs its varying activities along with the firm’s value chain mirrors the organization’s background, strategy along with the way in which the organization executes its strategy. Ponte (2008) stated that the analysis of value chain of an organization is used to develop the organization’s competitive strategies along with formulation the connected and interconnectedness between all the organizational activities that formulate value. Francis, Simons, and Bourlakis (2008) stated that value chain analysis is a helpful tool as an organization looks to attain competitive advantage. Furthermore, Rieple and Singh (2010) stated that a value chain is a useful tool in conceptualizing the varying activities

As the Accountant II, I will create and modify plans, schedule individual and team meetings, organize training sessions, assist in preparing the accountants and technicians for the next level in their job and continue communication with the Supervisor and Manager. In my current position, I worked with the accountant and the technician to improve their accrual worksheet. The process included tracking the year-end accrual reversal journal entries and the revenue received. Also, I work with the Revenue and Finance staff and other departmental personnel to provide Oracle, CAFR-Online, and basic accounting training. I continuously communicate with my Supervisor and Manager to improve the accounting

Assuming that Wine Depot is a publicly traded company held under the provisions of Sarbanes- Oxley Act as directed by section 404 of the act adopting the rules is subject to reporting requirements of SEC to include in their annual reports a report of management on the company's internal control over their financial reporting. Management responsibilities are adopting accounting policies and establishing and maintaining internal controls system that will process, record and report transactions consistent with management assertions embodied in the financial statements. Internal audit is the role

To answer this question, first scale up both of the figures. The units increased by 20% from a base of 3000, so (1.2)(3000) = 3600 units were sold. The price at which they were sold was a 10% increase on a base of $50, so (1.1)(50) = $55. The total gross revenue therefore is (3600)($55) = $198,000. To calculate the net revenue, the 6% returns must be subtracted from the gross figure: (198,000)(.94) = $186,120

1. Define the clearly value in the organization for product or service from the non-value activities

Reckon accounting software is well recognized as the most affordable cloud accounting software in Australia. Through the interface of the payment process of the platform (Reckon Pay) you can accept payments by credit / debit card via your phone. For companies that perform Australia point of sale (POS) transactions, Reckon provides a system of point of sale complete and detailed that connects sales transactions as a result of office software. Its comprehensive range of accounting functions include billing value, credit management, resource planning, practice IQ, customer relationship management, document management and portal, automating business processes, digital imaging, business registration, super tax processing office, and many more. Reckon provides affordable software, easy to use online accounting that can evolve as your business grows. Reckon starts at $ 5 / month and also has a free trial. The three versions of accounting software for small businesses that offer Reckon the Australian market History, development, the current market size and market leaders.

The aim of this report is to discuss the various methods of reducing computer fraud and to find out whether the computer security measures is necessary. In the main body of this report discuss about whether the

Ahmed, A., McAnally, M., Rasmussen, S. & Weaver, C. (2010). How costly is the sarbanes oxley act? Evidence on the effects of the act on corporate profitability. Journal of Corporate Finance, 16, 352-369.