who can tell me about ,ACCOUNTING INFORMAATION SYSTEM?
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In accounting information system (also called accounting cycle) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales and nominal ledgers and cash books of the business. While this was previously a paper-based process, most modern businesses now use computerized accounting systems.\n\nSteps in accounting cycle:\n\n   1. Creating journal entries for transactions\n   2. Creating general ledger\n   3. Creating trial balance\n   4. Making adjusting entries\n   5. Creating adjusted trial balance\n   6. Preparing financial statements\n   7. Closing temporary accounts
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Definitions of accounting on the Web:\n\n    * a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"\n    * a system that provides quantitative information about finances\n    * accountancy: the occupation of maintaining and auditing records and preparing financial reports for a business\n    * a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts\n    * account: a statement of recent transactions and the resulting balance; "they send me an accounting every month"\n      wordnet.princeton.edu/perl/webwn\n\n    * Accountancy (British English) or accounting (American English) is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process of an independent review of financial statements in order to express an opinion as to the fairness and adherence to generally accepted accounting principles.\n      en.wikipedia.org/wiki/Accounting\n\n    * The overall process of identifying, measuring, recording, interpreting, and communicating the results of economic activity; tracking business income and expenses and using these numbers to answer specific questions about the financial and tax status of the business.\n      www.theaccountspayablenetwork.com/html/modules.php\n\n    * A service activity designed to accumulate, measure, and communicate financial information about economic entities for decision-making purposes.\n      www.finet.com.hk/accounting/a.htm\n\n    * The systematic recording, reporting, and analysis of financial transactions of a business.\n      www.unisys.com/common/investors/glossary/\n\n    * A comprehensive system for recording and summarizing business transactions.\n      www.extension.iastate.edu/agdm/wholefarm/html/c1-05.html\n\n    * The act of collecting information on resource usage for the purpose of capacity and trend analysis, cost allocation, auditing and billing. Accounting management requires that resource consumption be measured, rated, assigned, and communicated between appropriate parties. Typical information that is gathered in accounting is the identity of the user, the nature of the service delivered, when the service began, and when it ended.\n      tiefighter.et.tudelft.nl/~arthur/aaa/aaaterms.html\n\n    * The recording, classifying, summarizing, and interpreting in a significant manner and in terms of money, transactions, and events of a financial character.\n      www.business.gov/phases/launching/are_you_ready/glossary.html\n\n    * Accounting arrangement between operators concerning the declaration of accounts in Traditional Switched Transit. In Direct accounting, the operator originating the traffic sends each of the intervening operators a separate declaration and the payments due to them.\n      www.opentransit.francetelecom.com/m_tool_box/m02_glossary/m02_glossary_voice.asp\n\n    * The process of systematically recording, classifying, verifying and summarizing business transactions, and presenting this information in periodic, interpretative financial statements and reports.\n      www.ncbuy.com/credit/glossary.html\n\n    * 2003, vol. 13, issue 1, pages 69-81\n      econpapers.repec.org/article/tafacbsfi/v_3A13_3Ay_3A2003_3Ai_3A1_3Ap_3A69-81.htm\n\n    * The systematic recording, presentation and interpretation of the financial facts of an enterprise in such a manner as to permit effective management and provide the required information.\n      www.gov.nt.ca/FMBS/documents/FAMWeb/glossary.htm\n\n    * Recording information about finances in an accountable way.\n      osraids.org/index.php\n\n    * In information technology, accounting is the process of keeping track of a user's activity while accessing a network's resources, including the amount of time spent in the network, the services accessed while there and t
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Hi Tasksgirl.....   I need all your attention please!\n\nI suppose you work everyday with an automated Accounting System, like Accpac, QuickBooks, Salomon, etc....\n\nEntries closing (concepts and definitions) :\n\n1) Closing entries are made to close revenues, cost of goods, operational costs and any other account involved to calculate the compay's NET INCOME.\n\n2) Net Income is the result that you read at the end of an INCOME STATEMENT report.\n\n3) You MUST enter Closing entries once in a year.\n\n4) I have seen two types of Closing Entries:\n    - Manually\n    - Automatically\n\n    Manually Closing Entries are done when automatically option does not exist.  It is a obsolete system.\n\n    Automatically is done when you close the fiscal year.  If this option exists, never enter Closing Entries manually.  It will ends on critical errors.\n\nSome Accounting Systems, like Accpac, looks for marked accounts as Revenues, Costs of Goods, Expenses, Other Incomes, etc...  and create transactions to close them.\n\nFor instance:\n\nA revenue account balance is            -15,200,000.oo\nA cost of good account balance is       7,100,000.oo \nAn expense account balance is            3,000,000.oo\n\nNet Income will be  -5,100,000.oo  (Revenue - CoGs - Expenses)   Negatives signs are shown only to show this example only, but usually accounting system do not show them unless it be needed.\n\nok, Accpac will create a batch entry as follow:\n\nRevenue account    15,200,000.oo\nCoGs account         - 7,100,000.oo \nExpense account    -  3,000,000.oo\nEarning Account    - 6,100,000.oo   (Equity account)\n\nEarning account is entered to balance this batch. Now, Net Income will part of Company's Equity account.\n\nNext time you run a Income Statement, Net income will be ZERO, because it was closed by Closing Entries.  This result is now in Equity Accounts.\n\nthat's it... hope that helps you .... good luck!
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I know alittle bit,BUT need more Info.
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Peachtree accounting has this feature, I use it, but it is so close to Quickbooks that it should have it as well.
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I'm not sure what you mean by "Information System".. but if you are asking what information is used by loan applicants, there are several pieces of relevant material; repayment history, amount of debt compared to amount of income, collateral offered, etc.\n\nLoan officers are trained by their employers (banks, etc) and will make decisions based on the criteria of their employer.  Some banks offer higher risk loans, but usually at a higher interest rate.\n\nCareful attention to your credit rating and a high score will mean that more loans will be available to you, at lower interest rates.
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look at their finance report within their stock information
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Learn the fundamentals of accounting here\n\nhttp://www.futureaccountant.com/accounting-process/
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http://www.aicpa.org/pubs/jofa/jul1999/financial_accounting.htm
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You need to be specific. What information are you looking for?
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short answer, get MYOB and pre-select the business type, it will give you a complete chart of accounts applicable to that type of business.\n\nThere are some basic line items that every business will use, but in essence, you can, subject ot accounting standards and generally accepted accounting principles, create what you want.
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you can learn the fundamental concepts of accounting using these web pages..\nplease be patient enough to read through the pages..\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/
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To know and understand what accounting really is take help from this site...\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
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If u r interested of knowing the principle of accounting in one sentence then i will say that:\nWhat u r giving and what u r receiving.\nand furthermore there are five basic items of accounting:\n1. capital or owner's equity\n2. liabilities\n3. assets\n4. incomes\n5. expenses
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you can vist sap.com or go to sapfans.com,there you can get the details
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This site has a good explanation on the basic accounting process\n\n\nhttp://www.futureaccountant.com/accounting-process/
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I believe their website would know. Look it up and stop being lazy. it's usually under corporate information on websites