Accounting
Nonprofit Accounting Code
Prior to beginning work on this discussion forum, read the article Cracking the Nonprofit Accounting Code.
Based on the information presented in the article, discuss:
How and why does the accounting system used by governmental/nonprofit entities differ from the system used by for-profit entities?
How does the annual financial report of a governmental/nonprofit entity differ from the report of a for-profit entity?
The user of a for-profit financial report is usually interested in the bottom line, net income. What are some top interests of the user of the financial reports of a governmental/nonprofit entity?
PART 2
payroll processing services
Pretend you are the V.P. of Human Resources. Your payroll manager wants to outsource day-to-day processing of pay checks to a third party to allocate more time to financial analysis. In at least 200 words, describe at least three factors you would use to justify a decision to outsource or not outsource payroll processing.
Accounting Information Systems
Referencing this week’s readings and lecture, describe the six steps in the systems approach and apply the systems approach to improving the quality of an accounting information system (AIS).
Part 2
An organization is a regional distributor of widgets. Widgets purchased for the organization originate from small suppliers, and payment is made only with cash. To simplify operations, orders are only taken from customers via its website, and delivery of widgets to customers are handled by a third-party shipping company. All sales are done on account on a net 30 basis and the simplicity of the operation allows the business to be operated by a husband and wife team and no other employees. The wife handles the website programming and all customer service activities (such as customer questions and complaints requiring replacement widgets), and the husband handles all other aspects of the operation (i.e., accounting functions and collections of accounts receivables).
From the information provided:
Identify the major business processes used by the organization.
What are the most important business processes for the organization’s strategic goals and objectives?
Would the business processes change if the organization added a new product and became bigger?
Requirements: 2 pages
Welcome to ACC622: Accounting Information Systems. We begin our journey with an overview of how technology and accounting correlate with one another. Accounting Information Systems (AIS) are more than just technologies used to report financial information. According to Bodnar and Hopwood (2013), “an accounting information system is a collection of resources, such as people and equipment, designed to transform financial and other data into information” (p.1). Each week you will be provided with a written weekly lecture aimed at
WorldCom
Choose one of the following real-life cases involving an ethical dilemma:
Betty Vinson from WorldCom (in the textbook)
Jeffrey Skilling at Enron (in additional reading links for this Unit;)
Michael Vines at HealthSouth (in the textbook)
Write a paper, approximately three pages (plus Bibliography and title page), analyzing the ethical decision-making process the person involved in the dilemma may have undertaken, using the format described below. You will need to research other sources in order to write a credible paper. You will also have to apply critical thinking skills and analysis.
Formatting requirements: Double-spaced, 12 point Arial or Times New Roman font, one inch margins.
Bibliography citing the textbook and other web or book sources from which you gathered information. Minimum number of sources for “B” grade: 3.
Make sure that you are concise. Headers and bullet-points are encouraged for clarity.
Suggested structure for the paper:
Paragraph one: Clearly describe the main ethical dilemma facing the decision maker you have chosen. You may want to describe how or why the dilemma arose.
The Politicization of Accounting.
Using the attachment files, Baker and Burland (August 2015) “The Historical Evolution of from Accounting Theory to the Conceptual Framework’ The CPA Journal, and Solomons, D. The Politicization of Accounting. Journal of Accountancy (1987), as your primary source [you can use more sources] discuss why the static and dynamic views of accounting theory developed.