Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept

Question:

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information System

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

See More Books

Question Posted: Nov 28, 2012 07:26 AM

See More Questions

Give an example of where a small business might want to use an Application Programming Interface.
Discuss the importance of B-to-B marketing and a strong B-to-B brand to GE.
Discuss the importance of complementary effects in a keep-or-drop decision.
Solve each compound inequality. Graph the solution set, and write it using interval notation. -2x +1> -11 or x+1> 10
An RLC series circuit has a resistance of R = 325 , an inductance L = 0.300 mH, and a capacitance C = 33.0 nF. (a) What is the resonant frequency? (b) If the capacitor breaks down for peak voltages...
Penny calculates that the deviations from the mean for a data set of eight values are 0, - 40, -78, -71, 33, 36, 42, and 91. a. How do you know that at least one of the deviations is incorrect? b. If...
Explain the reason why it is convenient to represent the bicubic spline in the form \[\operatorname{spline}(K, T)=\sum_{i=1}^{p} \sum_{j=1}^{q} c_{i j} M_{i}(K) N_{j}(T)\] where \(M_{i}(K), i=1,...
In the past, the rules of discovery were very restrictive, and trials often turned on elements of surprise. For example, a plaintiff would not necessarily know until the trial what the defendants...
What is the prediction of the CAPM with respect to the expected return on any security? Why is the variance of a portfolio of internationally diversified stocks likely to be lower than the variance...
Suppose the average checkout tab at a large supermarket is $65.12, with a standard deviation of $21.45. Twenty-three percent of the time when a random sample of 45 customer tabs is examined, the...
Discuss what is meant by the statement, The accounting system is a conceptual flow of information that represents the physical flows of personnel, raw materials, machinery, and cash through the...
Discuss why it is crucial that internal auditors report solely to the uppermost level of management (either to the chief executive officer or the audit committee of the board of directors) and answer...
What will be the next era in advertising? Some experts predict that smart phones will soon be more important to advertisers than the Internet was during the e-revolution. Identify today's most...
An employee was discharged for violating the companys no-solicitation rule in its factory and offices. The employee had persisted in soliciting union membership on company property during lunch...
Determine the reactions at $A$ and $C$ in Figure P9.39. $E I$ is constant for all members. 9' 12' A B 60 kips 4.5' D
Who is responsible for U.S. monetary policy and what are the roles of the Fed, Congress, and the President?
What are the rights and duties of the mortgagor and those of the mortgagee?
What is the historical context in which unions developed?
Determine the polar coordinate stresses corresponding to the complex potentials (z) = Az and (z) = Bz 1 , where A and B are arbitrary constants. Show that these potentials could solve the plane...
Assume a simple Keynesian depression economy with a multiplier of 4 and an initial equilibrium income of $3,000. Saving and investment equal $400, and assume full employment income is $4,000. a. What...
An mbed is found to draw 140 mA, when powered from 4 AAA cells in series, each of capacity 1175 mAh. Approximately how long will the cells last if they run continuously?
In a manual accounting system, what advantage does the journal voucher system have over the traditional general journal system?
How could an employee embezzle funds by issuing an unauthorized sales credit memo if the appropriate segregation of duties and authorization controls were not in place?
What task can the AR department engage in to verify that al customers checks have been appropriately deposited and recorded?
A thin walled loop with a mass of 1.50 kg and with a radius of 10.0 cm rolls down a ramp with a height h=30.0 cm. If the loop starts from rest at the top of the ramp, what will its speed be when it...
Suppose there is a uniformly charged, infinitely tall metal surface. The surface charge density is -4.0 x 10^-10 C/m2. An electron is 1.5 meters away from the wall and is launched directly at it with...
1. A basketball rolls down a ramp from rest with an acceleration of 2.5 m/s due to grav- up the ramp with an initial velocity of ity. At the same time, a tennis ball starts to roll 3.7 m/s and the...

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept

Question:

Step by Step Answer:

Accounting independence is important because the separation between the recordkeeping functions a...View the full answer

Accounting Information System

Students also viewed these Accounting questions