Accounting Information Systems Codes
Not what you're looking for?
What are the purposes of accounting codes? How are they used? What is the importance of getting the coding system right the first time?
Purchase this Solution
Solution Summary
The purpose of accounting codes and how they are used is discussed.
Solution Preview
1 Scope of Ledger: Ledger is referred as entire group of accounts. Companies may use various kinds of ledgers. A General ledger contains accounts of all assets, liabilities, Owner's equity, Revenues and expenses.
2 Chart of Accounts: The number and types of accounts may differ according to requirements of a company. Small companies may have limited number of accounts while big corporations may require may keep separate accounts for each type of accounts. Most companies list their accounts in a chart of accounts and assign the numbers in a sequence from a group of numbers i.e. interval like ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.