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  1. Nothing epitomizes modern life better than the computer. In other words, a computer is an advanced electronic device that takes raw data as input from the user and processes these data under the control of set of instructions (called program) and gives the result (output) and saves output for the future use.

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      adegoke olaide, Ahmadu Bello University, Zaria, Nigeria, Art...

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  2. 31 Δεκ 2020 · The study highlights that a robust understanding and application of accounting theory's elements, such as recognition, measurement, and disclosure principles, are essential in preventing and ...

  3. SP1.1. STATUS AND PURPOSE OF THE CONCEPTUAL FRAMEWORK. CHAPTER 1—THE OBJECTIVE OF GENERAL PURPOSE FINANCIAL REPORTING. INTRODUCTION. 1.1. OBJECTIVE, USEFULNESS AND LIMITATIONS OF GENERAL PURPOSE FINANCIAL REPORTING. 1.2. INFORMATION ABOUT A REPORTING ENTITY’S ECONOMIC RESOURCES, CLAIMS AGAINST THE ENTITY AND CHANGES IN RESOURCES AND CLAIMS.

  4. The three steps of an accounting information system are input, processing, and output. Data is the raw ingredient used in these processes. Some of the data may be obtained from a source document, and other data is obtained from the database where it had previously been stored.

  5. 21 Αυγ 2024 · These include source documents, input devices, storage capacity, processors, and output devices. Examples. As we proceed further, let us consider the following examples to understand how the accounting system works: Example 1. Retailers buy and sell goods.

  6. • explain the meaning of the term “accounting” • explain the objectives of Accounting • explain the importance of Accounting information to various users • identify the branches of Accounting • explain the principles of business entity and money measurement and illustrate with examples

  7. • Understand the meaning of accounting theory and why it is an important topic. • Understand the relationship between accounting theory and policy making. • Understand what measurement is and its role in accounting. • Gain insight into the principal valuation systems in accounting. L. earning. O. bjectives