Extensible Business Reporting Language ( Xml )

ProductSAP ERP GBIRelease 6.04LevelUndergraduateGraduateBeginnerFocusAccounting Entries in Manual and Automated SystemsIntegration of Accounting JournalsAuthorsJim MenschingNancy JonesContributorsPatti BrownVersion1.0

Improved visibility and auditability of transactions because each expenditure is posted to the system with its own unique identifying transaction number.

There is a necessity to have either hardware or software to integrate the accounting information into an automated system for viewing by the proper individuals. Below, Learning Team A will show who needs to access this information, what controls will be implemented, the type of reports to be generated from these hardware or software and importantly what type of information will be available through corporate Intranet and the Internet. Having the proper hardware and software integrating Riordan's data into automated systems will make life easier for those involved with all the accounting cycles, especially accounts receivable.

For as long as businesses have existed, so has accounting. With time, it has become more complicated and detailed, but it is still a process of keeping financial accounts in order. Through accounting, or financial reporting, a system is set up to keep track of, maintain and audit the financial proceedings. Because accounting and financial reporting of a business is so important for its accuracy and in general, a lot of ethical, technological and legal concerns are involved. In this paper, we will look identify and explore the concerns of each of these.

These days it is especially important to pay attention to details when it comes to deciding if your accounting system is providing the kind of information that may be required of you to produce. I think legal requirements and government regulations are becoming more demanding as to what they expect to see if someone such as the I.R.S. were to show up and ask for an audit. I would like to talk a little about a few of the key features, core technology, benefits, and costs of installing and maintaining an efficient accounting system and some of the benefits it would be to your company, especially in areas where details

The Bank’s Tier 1, Total capital, and Assets-to-Capital multiple ratios were 13.0%,16.0%, and 17.2%, respectively, on October 31, 2011, compared with 12.2%, 15.5%, and 17.5%, respectively, on October 31, 2010.(Refer to Appendix 2) These changes over the period were influenced by increases in Tier 1 capital and Risk Weighted Assets. Risk Weighted Assets

In 2002, Westpac change its business strategy by selling consumer finance unit, Australian Guarantee Corporation, to GE Australia so that Westpac has the capital to strong its wealth management. Besides，the strategy also accompanied with the acquisitions of Rothschild Australia Asset Management Ltd , Parts of BT Financial Group and Hastings Funds Management Limited over the next 3 years (Pederson,2011).

In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but

2. Which of the following financial statements shows the changes in capital during a period of time?

In this figure, there are two sources of information for business: 1). Information from IW, which has passed through the ETL process before it goes to the end users. 2.) Information from independent data sources, which is processed by different standards. This is counter to the strategic goal of eliminating duplication of analysis, reporting and ad hoc analysis. This environment consumes more time for business users to understand end-user data, and more money for the firm which is wasted on different and possibly conflicting results.

Buck and his auditor and management would like to know how to book presentation of cash flows through the use of a revolving line of credit is whether to report the amounts borrowed and repaid on a net basis or on a gross basis.  FASB’s Accounting Standards Codification 230-10-45-7 states “information about the gross amounts of cash receipts and cash

For BHP Billiton and ANZ, financial reporting is an integral part of their business, the primary objective is to provide the most useful information for stakeholders in their decision-making; it helps ensure that the companies and organizations are in good financial condition in the industry and that their operations are honest and transparent to follow the rules and regulations under the restriction of the law. Both of these companies comply with the necessary government requirements and disclosure for the sake of their investors, and stakeholders, while managers use this data to make important decisions, adjustment, budgeting and changes needs for their investment.

The system allows to company to modernize its strategies and processing more efficiently than its competitors

Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper

The XML specifications are developed by the World Wide Web Consortium. The XML specifications provide a standard format for computerized documents that is flexible enough to be used for diverse needs such as websites, genealogy, real estate listings and voice mail systems, and more. XBRL International is responsible for over seeing the development of the XBRL Specification which sets out exactly how the data is going to be tagged for use in XBRL related projects.