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What do information systems capture?
what type of accounting data is it collecting, storing and processing?
You have been asked to carry out research about how Australians use their credit cards. How would you store or classify the information you gather? You can choose more than one option. Why would you organise information in this way?
What do these terms mean?

Numeric classification


Archives


Subject classification


Computerised systems


Keyword classification


Information management system


Alphanumeric classification


System integrity


Manual systems


Chronological classification
Management accounting information is used to inform decision-making but it has limitations. What can the accountant do to minimise the limitations of management accounting?
Describe some of the problems that might arise from a failure to maintain and update an existing Chart of Accounts.
What are the differences between manual and computerised systems when entering final transactions?
Has the BHP complied with its statutory requirements? Explain.
The auditors investigated and reported that the section manager responsible for major purchases had paid invoices to a company which he and his wife owned. The amount paid to the company was in excess of $500,000.

The section manager was responsible for signing off on work completed, or supplies received, and authorising payments. His wife was responsible for issuing the cheques. Both were signatories to the cheque account.

What breaches of internal control were there and what modifications to procedures would you implement?
The auditors investigated and reported that the section manager responsible for major purchases had paid invoices to a company which he and his wife owned. The amount paid to the company was in excess of $500,000.

The section manager was responsible for signing off on work completed, or supplies received, and authorising payments. His wife was responsible for issuing the cheques. Both were signatories to the cheque account.

What breaches of internal control were there and what modifications to procedures would you implement? Prepare a 5 page report outlining your suggested course of action.
Describe a process by which you would develop modifications to procedures to facilitate internal controls.