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Which audit can be performed by a company's accounting department on their information technology systems?
Wiki User
∙ 11y ago
compliance audit
Wiki User
∙ 11y ago
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What is thew Difference between management information system and accounting information system?
The major difference between management information system and accounting information system is the method of accounting. The latter is performed by software, while the former is the system of how the records are kept.
Which companies offer financial amd mangerial accounting?
Financial and managerial accounting is usually performed by small, independent accountants or by the accounting department of a large company. To find an accountant, check the local Yellow Pages.
What accounting function can be performed only by a CPA?
accounting functions
A technician has completed the routine maintenance service for all the printers in the accounting department Which action helps ensure that the next routine maintenance service is performed at the co?
Reset the counters
What are the activities in the accounting process?
The accounting process or accounting cycle consists of activities that are performed in three phases. Each phase is performed over certain time periods.Phase 1The activities in the first phase are performed daily:Analyze transactions that occurEnter transactions into the journalPost the journal entries to the ledger accountsPhase 2The activities in the second phase are performed periodically depending on how a company's accounting department is structured. They may be performed weekly, monthly, quarterly, or annually:Prepare trial balancesEnter adjusting entries into the journal and post to ledger accountsPrepare an adjusted trial balancePhase 3These activities are performed by the company annually at the end of a fiscal year:Prepare financial statementsMake closing entries in the journal and post to ledger accountsPrepare a post-closing trial balance
What is the accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is the cost accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What are the jobs performed by US cabinet members?
Cabinet members are in the executive branch. They run the department of which they are secretary ,give information to the President and help assist him in handling problems and making decisions, particularly those relating to their department .
Are accounting department management or support?
Guess the question is likely to mean this:"Is accounting department to be considered as the management or supporting?"If you've tried putting on this question, I'd like to point here a few certainities:Management:To wrap up the financial statements and actions of any of the businesses, we still want the accouting firms to set their hands in. Management passes on their accounting details to the professionals and get those done to ensure the margin of cash-flow.Support:Also, accoutning department remains to be the greater support in filling out the needed info on/before the tax season and helps the businesses to know the status of their management. Professionals supports the management, of course.It solely depends on the actions that are performed by the professionals. And, my point of view will be to move with the both management and support. For more about accounting/bookkeeping, you can also look into igsbookkeeping.com. This gives you a clear picture of how accounting process is carried over.
How does accounting assist business?
Accounting plays a vital role in the development of a business. Accounting is said to be the language of business i.e. it depicts the picture of a business in figures. Accounting involves recording, interpreting, classifying, summarizing and presenting of monetary transactions. It exhibits the past performance in case of financial accounting and present and future performance in case of cost and management accounting. Accounting tells whether or not the business has performed well. It suggests which product to be launched which may probably capture the market,which branch to be closed which has been showing far less profits for several years,whether or not to do downsizing, whether or not to expand the business considering the probable high demand in entity's products etc.
What are all the steps to be performed when a server is down?
Call the IT department.
What test is performed in the Coagulation Department?
PT/PTT and INR
