Acct550 week 1 discussion (dq1+dq2) latest 2017

Subject: Business / Accounting
Question
Week 1 discussion

DQ1 Case Discussion

This week’s case centers around our increasing dependency on international trade. As a result, there is a movement toward one set of international accounting standards that would increase trade globally and add to the transparency of financial reporting.

Please answer and discuss the questions asked in our Financial Reporting Case IFRS 1–5 located on page 35 of the textbook.

DQ2 Accounting Information System

Based on your exposure to the accounting information system at your work place and your readings of Chapter 3 of the textbook, please describe the input, processing, and output of an accounting information system. Please illustrate your description with suitable examples.

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