SYSTEM IMPLEMENTATION AND
TRANSACTION PROCESSING PROJECT (300 POINTS)
MARYS SUNSHINE POOL
The objectives of this project are as follows:
To reinforce your learning the AIS concepts presented in class
To experience a transaction processing app
Short-Term Financial Management FIN 4260
Part 2 - Integrative Case
Smyth Appliance, Inc.
Smyth Appliance, Inc. is an appliance dealer selling to wholesalers.
The company has historically been profitable, but is presently having
cash flow problems.
Homework Solutions to Chapter 7 Homework
SP 7-3 ANS.
P 7-1 ANS.
P 7-3 ANS.
A vendor is unlikely to send two different invo
ACC 3200 Chapter and Assignment Schedule
Tentative Subject to Change
Prior to Class
Ch 1 - Pg 1-11 (mid) and
17 (bottom) -23
Introduction to Tax
SHAREHOLDERS EQUITY: PART III
I. RETAINED EARNINGS (UNDISTRIBUTED INCOME)
A form of equity - earnings not distributed
Not related to cash
Declared by board of directors
Generally, limited to retained earnings balance
SHAREHOLDERS EQUITY: PART II
I. ISSUE SHARES FOR CASH
Amount established in the articles of incorporation usually a minimal amount ($0.001, $.005, $.01,
No legal significance (compared to old corporation law)
Most states allow no par stock (a
What is it?
ASSETS LIABILITIES = SHAREHOLDERS EQUITY
Residual interest in assets, after creditors claims
Show (generally) at book value (exception for OOCI items)
Sometimes called net assets
Arises from three sources: (1) owner investm