P. 1
1st Assignment Accounting Information System

1st Assignment Accounting Information System

|Views: 41|Likes:
Published by Humayun Khalid
This assignment is related with the organizations flow of goods. This will help the reader to know how dominant flow of goods affects the organization and how organizations are affected without dominant flow of goods.
This assignment is related with the organizations flow of goods. This will help the reader to know how dominant flow of goods affects the organization and how organizations are affected without dominant flow of goods.

More info:

Categories:Types, School Work
Published by: Humayun Khalid on Oct 12, 2012
Copyright:Attribution Non-commercial
List Price: $5.00 Buy Now

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
See more
See less

10/13/2012

$5.00

USD

Accounting Information System

March 13

2011
Organizations with dominant flow and without dominant flow of goods

This assignment is related with the organizations flow of goods. This will help the reader to know how dominant flow of goods affects the organization and how organizations are affected without dominant flow of goods.

Accounting information systems are composed of six main components: 1. Data: data that is related to the organization and its business processes 4. The resulting statistical reports can be used internally by management or externally by other interested parties including investors.AIS “An accounting information system that combines traditional accounting practices such as the Generally Accepted Accounting Principles (GAAP) with modern information technology resources.Definitions of Accounting Information System: 1. Software: application that processes the data 5.” Six elements compose the typical accounting information system: 2. storage and processing of financial and accounting data that is used by decision makers. People: users who operate on the systems 2. Information technology infrastructure: the actual physical devices and systems that allows the AIS to operate and perform its functions 6. Internal controls and security measures: what is implemented to safeguard the data Internal Control and Security Measures People Information technology infrastructure Accounting Information System Peocedure & instructions Software Data .” Investopedia explains Accounting Information System . creditors and tax authorities. Procedures and instructions: processes involved in collecting. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. managing and storing the data 3. “The collection.

institutional.” Flow of goods and Accounting Information System Flow of goods has two types: 1. countries must cultivate facilitative environments. The laws. is a critical factor to the health and growth of a country’s economy. otherwise known as trade. regulations. and decrees play a great role in cultivating an environment conducive to trade and must contain the following:  Adequate and coherent authority structure for the essential trade-related institutions  Clearly stated regulations and procedures that adequately balance facilitation and control . In order for developing countries to address these issues and thereby capitalize on world trade. and operational constraints that impede trade expansion. Indirect flow of goods In this global economy. Yet many developing countries struggle with legal. the flow of goods and services across borders. Direct flow of goods 2.What is meant by flow of goods? In general we can define flow of goods means “The flow of goods from supplier to the end consumer” Or “Flow of goods from work station to warehouse.

modern facilitative procedures. there is a real possibility that the result will be a changed process that does not deliver real reform. The laws should reflect an effective modern customs practices such as organizational structure. modern equipment. collection of foreign trade statistics. joint facilities with neighboring countries. . seizure and penalty authority for customs violations. The means to legally employ modern risk management techniques utilizing selective inspections and post-release audits to accomplish their respective missions  A productive environment of cooperation and procedural coherence with the other government agencies with border control responsibilities. trade service providers. The customs department. and an active dialogue with traders respond timely and predictably to issues while efficiently guarding public security. an efficient trading system depends on an interdependent process that includes other sound trade-related public sector institutions. and the acceptance and use of electronic data for customs documentation. In addition to the customs department. Countries striving for WTO accession must enact compliant customs laws based on various GATT agreements pertinent to customs administrations. The private sector trade community should contribute expert legal and logistical knowledge to the import/export process and is critical to the efficiency of an overall compliance of international trade movements. If commitment to this reform process is weak. the establishment of customs law is critical to increased flow of goods and services and to World Trade Organization (WTO) accession. Among the many laws necessary for effective trade. should have an effective management. well-trained staff. and the traders themselves. Implementation of trade facilitation is a long and complex process that only evolves through strong local ownership and consensus building. which is the principal government agency responsible for border control.

operation management system.Flow of goods also involves the supply chain management system. . The Supply chain management system plays a vital role in dominant flow of goods. Firms use following concepts in supply chain management system.

.

.

. …………………………….Firms use different dominant logic in goods and service as given below in the table.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->