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uses of accounting information ppt

If you continue browsing the site, you agree to the use of cookies on this website. Chapter 2 Accounting and accounting information Accounting: “the fairest invention of the human mind.” (Goethe) 2.1 Introduction As intimated by its title, this thesis proposes the inclusion of information on flexibility as a means of enhancing the accounting information systems of business organisations. Investors and potential investors of an enterprise are interested in the prosperity of the business. On the basis of financial statements, government authorities determine the progress of various industries and the need for financial help.

Learn more. If you continue browsing the site, you agree to the use of cookies on this website. Accounting information is important to internal stakeholders, including business owners, managers and employees, and external stakeholders such as lenders, donors and the general public. users of accounting information internal and external users. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Disclaimer 8. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Internal and external users of financial information, Entertainment Industry Of India (Film Industry), No public clipboards found for this slide, Panineeya Institute Of Dental Sciences And Research Centre. See our User Agreement and Privacy Policy. Learn more. • Performance & security by Cloudflare, Please complete the security check to access.

each group of users. LEARNING OBJECTIVES1.

In small business enterprises, owners control the affairs of the business directly, but in medium or large enterprises these control are exercised by the managers. Lecture 1 accounting information system, an overview, Accounting information system presentation, Introduction to accounting information system, At the bank - Basic English for Communication, 2005: Natural Computing - Concepts and Applications, No public clipboards found for this slide. Since investors are not always involved in the day to day working of an enterprise, so for investing further capital, they get the information through financial statements.  define external and internal users of

Content Filtration 6. group of users They analyse the financial statements to assure themselves for the safety of their money and to know whether firm is solvent enough to repay the debts. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. You may need to download version 2.0 now from the Chrome Web Store. Through various ratios viz. They show the company’s ability to cover their long- and short-term debt, their profit or losses and their ability to meet their monthly cash needs. Accounting Information Systems are highly versatile. Scribd will begin operating the SlideShare business on December 1, 2020 Accounting provides companies with various pieces of information regarding business operations. Discuss the role played by the AIS in a company’s value chain and explain how the AIS can add value to a business.4.

The salaries of the employees indirectly depend upon the profits of the enterprise. decision.”. Part III Accounting Information Systems Applications 347 CHAPTER 10 The Revenue Cycle: Sales and Cash Collections 352 CHAPTER 11 The Expenditure Cycle: Purchasing and Cash Disbursements 408 CHAPTER 12 The Production Cycle 456 CHAPTER 13 The Human Resources Management and Payroll Cycle 490 CHAPTER 14 General Ledger and Reporting System 522 CHAPTER 15 Database Design Using … Its

Looks like you’ve clipped this slide to already. 1. Learn more. to: They need the accounting information on cost of sales, profitability and solvency of the business enterprise for planning, controlling and decision making. Now customize the name of a clipboard to store your clips. Some other parties may also be interested to analyse the financial statements of an enterprise such as stock exchange authorities, researchers, economists, etc. Management may consist of Board of Directors, Managers and other officers of the business enterprise. Through various ratios viz. See our Privacy Policy and User Agreement for details. In this connection accounting information helps the society to know the contribution made by the business enterprise for the upliftment of society. Accounting is the primary measuring tool in business. Similarly, with the help of Cash Flow Statement, the need for short term and long term funds can be known. Capital Markets: Accounting information is widely used in the capital markets. Society is that part of business environment in which business enterprise is born and grows. Uploader Agreement, Read Accounting Notes, Procedures, Problems and Solutions, Learn Accounting: Notes, Procedures, Problems and Solutions, 8 Main Users of the Financial Statements | Company. Lenders and financial institutions viz. Clipping is a handy way to collect important slides you want to go back to later. And it will hold more meaning if it has been used over some time and more useful if one understands the generally accepted accounting principles based on which the financial report has been prepared. Another way to prevent getting this page in the future is to use Privacy Pass. They have to rely on the financial statements and annual reports, auditor’s report and directors’ report etc. If you continue browsing the site, you agree to the use of cookies on this website.

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