Vintage Test for you !!

When accounts payable become due to vendors, cash is transferred to the vendors in the form of checks or electronic transfers to the vendor bank accounts. Accounts payable and cash accounts are updated for these transfers. The system permits appropriate personnel to determine the amount of each inventory item available, the cost of these items, and amounts owed to each vendor. In addition, the efficiency of vendors in responding to orders can be determined. Thus, the purchasing department may be interested in which (more…)

If you want to know the major user of loan service, you will be surprise to find out that most of them are individual user. This indicate that many people have problem with financial and that make sense because every month they must deal with many kinds of bills and daily expenses. Not to mention that sometimes we have to deal with unexpected things like emergency expenses when suddenly you got accident and have to settle hospital bill. It is not a problem if you have health insurance to cover you but if you do not have any, this could be a little shake in your financial balance. You probably have estimation on your monthly expenses and usually do not include health expenses because you assume yourself in good condition everyday. It will be solved if you have saving account but what if is your saving not enough? You are going to need loan. (more…)

The purchasing and inventory management functions are responsible for the acquisition of merchandise and supplies. In a manufacturing company, these functions indicate when to acquire materials that are used in the products the company manufactures. Inventory management involves keeping track of the amounts and locations of inventories and making sure these inventories are available when needed. (more…)

Good internal control requires that the personnel who account for the cash should not also have physical access to the cash. Therefore, these functions should be separated within the accounting department.

How much human intervention is needed in the processing of these data depends on the company and the sophistication of its computer systems. In many companies, the computer system handles most of these activities. (more…)

The following section examines each of several primary modules in an accounting system. Each module obtains, processes, and reports information for a particular type of business activity. (more…)

The services are provided by server software that resides on another computer, referred to as a server. Networks involve the cables that connect the clients and servers and the hardware and software needed to make the networks function properly. Most networks are client-server networks because they provide for the exchange of data between clients and servers. (more…)

on a regular basis so data will not be lost if a computer system fails or is destroyed. A company also must have a plan in case its computer system is destroyed because of natural disaster, sabotage, or terrorism. Failure to provide backup systems can result ina company being unable to do business if its primary system is unusable. (more…)

Using computer networks, such as the Internet, to make customer sales is referred to as E-business. Some E-business systems, like Starbucks, provide a means for a company to receive sales orders from customers. These systems are referred to as business-to-customer, or b2c, systems. Other systems permit companies to order goods from vendors and to track order information. These systems are referred to as business- to-business, or (more…)

For many reasons, you are confused to start your business. One reason and be the main problem is about financial support. We have to realize it that without the financial support, our business cant run well even we cant make it develop. Here, you can try to find for money loans. (more…)

Each component of an information system receives data, stores the data, processes the
data to create useful information, and reports that information, as indicated in Exhibit 2. (more…)