Acc 305: Advanced AIS
Dr. Bob Hurt, C.F.E.
Systems, Applications, and Products in Data Processing
Name of the Company
Name of the Software
SAP ECC 6.04
SAP 2009 / Page 2
Founded in Walldorf
TITLE TRANSFER - meets 1st criterion for capital lease classification
lease price $479,079, lessor manufactured the lease at a cost of $300,000
6 years lease, 6 years useful life = also meets 3rd criterion for capital lease classification
use 6 years usef
Share-Based Compensation and
Earnings Per Share
Share-based awards are forms of payment whose value
tied to the market price of the companys stock
Share-based compensation plans include stock award
plans, stock option
The Nature of Pension Plans
Pension plans: Designed to provide income to
individuals during their retirement years
Accomplished by setting
aside funds during an
employees working years
The accumulated funds
and Error Corrections
Types of Accounting Changes
Correction of Errors
Reporting Accounting Changes and Error
Two approaches to report accounting changes and error corrections:
DISTRIBUTION OF DIVIDENDS TO PREFERRED SHAREHOLDERS
Paid-in Capital - Excess of Par, Common
Preferred Stock, 8% cumulative, nonparticipating
Paid-in Capital - Excess of Par, Preferred
DTL from REVENUE
- Installment income (books)
+ Installment income (tax)
recognized when earned in the I/S (books)
taxed on TR when cash is collected/ received
$ 140 $
Chapter 3: Applying Excel
Enter a formula into each of the cells marked with a ? below
Review Problem: Activity-Based Costing
Annual sales in units
Direct materials per unit
Direct labor-hours per unit
Chapter 8: Applying Excel
Exhibit 8-8: Standard Cost Card
Variable manufacturing overhead
Actual variable manufacturing overhead cost
Acoo rding Isothe activity- based costing, the manufacturing overhead should be apportioned in the
The Direct Material cost per u nit and the direct la hour cost per unit forthe I.Ialwes, pu mp5 and the
Sippican is facing the situation of products mature, declining profits and unable to decide the market
price in market.
Does Sippican need a new cost system?
Consider Sippican is a manufacturer company with multiple products, using simple cost accounti
1. What is the competition situation faced by Sippican?
It seems that Sippican is trying to match the price of their pumps product price in order to
compete the rest of the competitors and maintain their largest market share. However, because of
To calculate the revised the product cost based on the Activity-Based Cost (ABC) system,
we need to calculate some activities based on the relationship with indirect labor. From the case
described, 50% of the indirect labor costs are caused by Production
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3 Problem: 6Q
:| Problem: 3Q
Step 1 of ‘l
Mail—order and telephone—order retail businesses are similar to online retailing. This is because these
businesses have the following similarities:
1) The customer
Chapter: CH 1 6 :| Problem: 1A 3 “ V " Show 51” Steps
CH1 5 Reading review questions.
a. List and discuss at least five characteristics of a professional ancii’or professional behavior. Where
possible, include a specific example of each charac
v‘ show all steps
:| Problem: 2A
Reading review probiem. The growth of information technology has been a positive force in busmess; but,
as with all innovations, it has a downside risk as well. Consider the follo
Chapter: CH9 3 Problem: 1A :| A V ‘2 show all steps
CH3 Reading review questions.
a. What is XEiRL'? How is it related to XML?
b. Deﬁne the following terms related to XB RL. speciﬁcation, taxonomy, instance document.
c. How can XBRL beneﬁt org
E-commerce: the use of the Internet, the Web, and apps to transact business. More formally,
digitally enabled commercial transactions between and among organizations and individuals.
E-business: the digital enabling of transactions and processes
Budget: detailed plan for the future that is usually expressed in formal quantitative terms.
Business process: series of steps that are followed in order to carry out some task in a business.
Chain of command: specifies superior and subordinate r
Acc 304: Introduction to AIS Dr. Bob Hurt, C.F.E. ALEKS instructions Youll be spending the first part of the course completing a series of activities to help you master the accounting cycle using ALEKS. The purpose of this handout is to explain the assign
Flowcharting project Acc 304: Introduction to Accounting Information Systems Dr. Bob Hurt, C.F.E. As noted in the course syllabus, youll be completing an individual flowcharting project this quarter. This handout gives you the assignment directions and gr
General ledger project Acc 304: Introduction to Accounting Information Systems Dr. Bob Hurt, C.F.E. The major form of AIS technology in ACC 304 is general ledger software. Youll be working with Peachtree Complete 2010 this quarter; this handout describes
Acc 304: Introduction to AIS Dr. Hurt Professional development discussion assignment As noted in the syllabus, youll be participating in a professional development discussion during this course. The purpose of this handout is to explain the assignment req
Writing assignment Acc 304: Introduction to Accounting Information Systems Dr. Bob Hurt, C.F.E. Your major writing assignment this quarter will be an analysis of the Peking Palace case in your eBook. This handout gives you additional information about the
To: Mr. Chen From: Fat-Sang Ng (Edwin) Date: Feb 22, 2011 Subject: Peking Palace Audit Recommendations Dear Mr. Chen, Purpose Statement The main purpose of this memo is to audit Peking Palace and recommend internal control for Peking Palace. This pap
If someone is applying science to legal matters, they are practicing; A. Forensic Accounting. B. Forensic Science. C. Forensic Law. D. Forensic Engineering.
Which of the following does a Criminalist do? A. Find evidence at a crime sce