Module 3Sales and Cash ReceiptsWelcome toModule 3 of A02 -Principles of Accounting I.In Module Three, we will turn our focus to accounting information systems. Accountinginformation systems collect and process data from transactions and events, organize themin reports, and communicate results to decision makers. Accounting systems help usersmake more informed decisions and better understand the risks and returns of differentstrategies.Below are the module assignments and activities:TaskAssignment/ActivityRecommendedCompletionScheduleReadRead the following early in the module to help you complete yourassignments:Chapter 7in your textCourse Name:Principles of Accounting IPage:1 of 19
ViewOnline Lecture:Before you start work on themodule assignments read the onlinelecture(s) on this module’s topics available onthe Lecture course page.Video:Royce, Y. (2016, Feb. 23). Accounting forsales and cash receipts. [Video File].Retrieved from Accounting for Sales andCash Receipts(4)SupplementalReadingArticles:Clikeman, P. M. (2018). North pole car wash:A teaching case demonstrating theadvantages of accrual basisaccounting. Journal of Business CaseStudies(Online), 14(3), 17-24. doi:oi.org.ashworth.idm.oclc.org/10.19030/jbcs.v14i3.10195Das, C. P., & Parida, M. (2016). A study oncash management and determinants of cashholding. Splint International Journal ofProfessionals, 3(3), 102-106. Retrieved froms://search-proquest-com.ashworth.idm.oclc.org/docview/1906048365?accountid=45844SubmitModule 3 Written Assignment:Once you have completed yourreadings and online lectures, complete and submit your writtenassignment.SundayCourse Name:Principles of Accounting IPage:2 of 19
At the conclusion of this module, you should be able to:Identify the principles and components of accounting information systems. Explain special journals, controlling accounts, and subsidiary ledgers. Review the process of journalizing and posting in each of the respective journals asfollows: sales, cash receipts, purchases and cash payments.Discuss the days’ payable outstanding and explain its use in assessing payments tosuppliers.Course Name:Principles of Accounting IPage:3 of 19
READINGSTextbookRead the following chapters in your textbook before starting any other module activities. You can access your text atthe link below.Chapter 7(e=lti&rcode=ashworth-248759&srcou=14525)Course Name:Principles of Accounting IPage:4 of 19
Module 3: Cash, Fraud, and Internal ControlsCash, Fraud, and Internal ControlsAt the conclusion of this module, you should be able to:1. Identify the principles and components of accounting information systems.