Diane, the administration manager of Jack’s Mowing collated all of the invoices raised by Jack’s Mowing during September 2022 and prepared a summary of fees charged, categorized for each client. The summary prepared by Diane is an example of: Select one : A. Business Intelligence B. Big data C. Information D. Data
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Diane, the administration manager of Jack’s Mowing collated all of the invoices raised by Jack’s Mowing during September 2022 and prepared a summary of fees charged, categorized for each client. The summary prepared by Diane is an example of: Select one
: A. Business Intelligence
B. Big data
C. Information
D. Data
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- What Would You Do? You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided on December 15: Your boss has asked you to change the date from December 15 to January 15 so that the business’s profit, and thus taxes, would be lower. Are you allowed to do this? What is your response to your boss? How should you handle this situation?Identify whether the following group of people belongs to internal or external users ofannual reports for a company. Eexplain their need for financial information.a. Johari, investment banker of CIMB Investment Bank.b. Daisy Ong, purchasing manager of the company. c. Happy Berhad, supplier of the company. d. Great Sdn Bhd, regular customer of the company.e. Amy, officer from Inland Revenue Board.For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing the main operation of a local accountingfirm? Instructions: You may select more than one answer.a. Number of accountants working each weekb. Number of tax returns completed each weekc. Number of customers with past-due invoicesd. Number of reams of paper received from suppliers
- Prepare an explanatory memorandum about financial performance and record keeping requirements. The operations manager of Metharom Construction has asked you to prepare an explanatory memorandum for the accounting staff. They have requested that you include the following information: A) a description of a minimum of 5 financial records that the company must maintain B) any three factors while selecting software that could assist with finance management for small business C) list any 5 regulatory requirement for lodgement and payment of statutory obligations D) a set of policies to for Debt recovery procedures (minimum 3) E) explain how financial performance will be monitored (include a minimum of 2 key performance indicators) F) set of minimum 6 written financial procedures for Metharom which will help in financial health check for stakeholders G)This document must then be sent electronically to the Operations Manager (your assessor) as well as submitted in hard copy.your line manager wants to assess your understanding and ability to prepare and produce the appropriate final accounts such as profit and loss account, owners’ equity statement, and balance sheet as well as how these accounts are differed under different forms and types of business. Produce the final accounts for a sole trader business (Software Programming Company) from task 1 including profit and loss account, owners’ equity statement, and balance sheet for the Period ended July 31st. using the trial balance that you have produced in problem 2/ task1 2) Make the adjustments entries for the following transactions before preparing the final accounts for LLC company: On the 20th of October 2019, the business purchased supplies for 8000 cash. On 31st of December, 2019 the business found out that the supplies still on hand were 4000 only. The business has a Equipment with book value of 17000, with annual depreciation rate of 10%. On the 1st of July the business purchased a…After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.RequiredIn a paragraph each, address the following questions:a) Discuss five benefits associated with the implementation of the computerizedaccounting system within the company.b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyoube looking for when selecting a computerized accounting package for the company?Explain any five factors to considerc) Assuming you procure a Sales Ledger package, what kind of reports should weexpect? List five types of reports expected to be generated.d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?Explain two advantaged and two disadvantages of an integrated packagee) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes…
- For each of the following, indicate if the statement reflects an input component, output component, or storage component of an accounting information system. 1. A credit card scanner at a grocery store is a(n) [ Select] component. 2. A report of patients who missed appointments at a doctor's office is a(n) [ Select] component. 3. Electronic files containing a list of current customers is aln) [ Select ] component. 4. A list of the day's cash and credit sales is aln) [ Select] component. 5. A purchase order for 1,000 bottles of windshield washing fluid to be used as inventory by an auto parts store is a(n) [ Select ] component.Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit 1 Journal. For each of the rules or regulations, answer the following questions. What is the name of the rule or regulation? What agency or government created the rule or regulation? Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?Ameena Enterprise is a business management service founded by Madam Ameena in 2019.Mr. Ali is an accountant responsible for preparing the financial statements for AmeenaEnterprise. Miss Maria has been appointed as new account clerk at Ameena Enterprise. Mr. Alihas several tasks planned to test Miss Maria’s ability to work. Firstly, he asked Miss Maria toprepare the journal entries to record the transactions of Ameena Enterprise for the month ofApril 2021. The following are the transactions that occurred in April 2021:Date Transactions1 April Purchased office equipment of RM14,000. 40% of the amount is purchasedon credit basis and the remaining balance is paid by cash.1 April Accrued revenues of RM3,500 previously recorded to accounts receivablewere collected.1 April Paid office rental in advance for RM4,500.2 April Paid all accrued salaries for Mac 2021, RM3,000.3 April Provided services amounting RM2,400 for the customer who made theadvance payment March 2021.10 April Received RM6,500…
- Ameena Enterprise is a business management service founded by Madam Ameena in 2019.Mr. Ali is an accountant responsible for preparing the financial statements for AmeenaEnterprise. Miss Maria has been appointed as new account clerk at Ameena Enterprise. Mr. Alihas several tasks planned to test Miss Maria’s ability to work. Firstly, he asked Miss Maria toprepare the journal entries to record the transactions of Ameena Enterprise for the month ofApril 2021. The following are the transactions that occurred in April 2021:Date Transactions1 April Purchased office equipment of RM14,000. 40% of the amount is purchasedon credit basis and the remaining balance is paid by cash.1 April Accrued revenues of RM3,500 previously recorded to accounts receivablewere collected.1 April Paid office rental in advance for RM4,500.2 April Paid all accrued salaries for Mac 2021, RM3,000.3 April Provided services amounting RM2,400 for the customer who made theadvance payment March 2021.10 April Received RM6,500…Nicole’s Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized accounting system and needs your help in understanding how source documents informaccounting processes. She also needs some help reconciling NGS’s bank account.Required:1. For each source document shown below, prepare the appropriate journal entry or indicate thatno journal entry is required.a. Purchase order dated October 13 for massage chairs costing $765 and oil suppliescosting $240.As a bookkeeper of a new start-up company, you are responsible for keeping the chart of accounts up to date. At the end of each year, you analyze the accounts to verify that each account should be active for accumulation of costs, revenues and expenses. In July, the accounts payable clerk has asked you to open an account named “New Expenses”. You know that an account name should be specific and well defined. You feel that the A/P clerk might want to charge some expenses to that account that would not be appropriate. Why do you think the A/P clerk need this “New Expenses” account? Who needs to know this information and what action should you consider?