Tires

Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.

The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the

3. Current Ratio: Take current assets over/divided by current liabilities for this straight forward ratio. Only main drawback is that this ratio excludes inventory, but the reason for that is because a lot of companies have difficulty with converting their inventory into cash. This can also lead to analysis being over or understated. This ratio, like the quick ratio/Acid Test, is an exceptional ratio for determining if a company can handle their short-term obligations.

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial

There are three steps needed to prepare a financial analysis. The first step is to establish the facts about the organization, which would include reviewing the financial statements such as the balance sheet, statement of operations, statement of changes in net assets and the statement of cash flows. The second step is to compare those facts over time, to the facts of similar organizations and to include vertical, horizontal and ratio analysis in the process. Ratio analysis includes liquidity, profitability, activity and capital structure. The third step in preparing a financial analysis is to use judgement and perspective to evaluate the comparisons and make decisions (Norwicki, 2015).

Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual

Ratio analysis: Perform trend and ratio analysis on current and fixed assets, current and long term liabilities, owner’s equity, sales revenues, EBIT, net income, and earnings per share. Project these trends

• Introduce and exercise tools and concepts of financial-statement analysis (including financial ratios, break-even analysis, and cash-flow statements).

ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the

5. A complete analysis of the company’s financial statements for a minimum of the most recent three years of available data including a comparison of the company's ratios to most recent year’s peer company average ratios. Complete the ratio calculations yourself. Do not copy them from another source.

Have you ever had your car break down and then needed repair done? Many have, and the place some go to can do good work, but there is almost always a catch. When customers know a guy that works there, it maybe worth it, but only go there, if it is an emergency and or could not go any other place. The place in question is Tires Plus, and they have their ups and downs. Or when a person cannot, TirePlus is a last resort when it comes to automotice repair and this is why.

Accounting Department: Data and information are the lifeblood of accounting. It needs good quality data to yield valuable information. Management information system helps the accounting department accomplish this task. Also, professional management information system reports are created by the accounting department for accurate analysis of the business’ performance. These reports are comprehensive and assist the middle and top management in determining the right decisions regarding the finance, accounting and overall business operations. All accounting reports are important to all stakeholders of a company. (Management Information System Reports)

The first one is the income statement – Income statement is a financial statement that

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

Along with the development of information technologies, the accounting systems need to simultaneously evolve to support business processes. The traditional accounting systems are deemed to be inefficient and thus need to be adequately upgraded (Christauskas & Miseviciene 2012). There is a need for business organizations to adopt the latest information technologies available to keep up with competition.