judgme making choices and evaluating their costs and benefits. These questions a
ID: 2395817 • Letter: J
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judgme making choices and evaluating their costs and benefits. These questions and e designed to help you develop those skills. When I give exercises like these t students, they frequently say, "So does this mean there's no right or wrong may be thinking the same thing, so I'll tell you what I tell them: The point isn't your answer is "right" or "wrong." or even if such answers exist. The 4. Making choices and exercising exercises are my own answer?" You point here is fo ternatives you to make choices and create answers you can defend in the face of other al a. RKH Company is a small consulting service based just outside Los Angeles. It has two pantnen Sebastian and Viola, and average monthly sales revenue of $25,000. At any one time, Sebustian and Viola have up to three consulting engagements running simultaneously. Monthly expenses include office rent, supplies, utilities, professional magazine subscriptions, and automobile expenses. What form(s) of information technology, if any, should Sebastian and Viola use in their accounting information system? Explain the costs and benefits of your recommendation b. Do a Google search for characteristics of good information. Compare and contrast one of the sources you find to the UMUC criteria discussed in the chapter. "Compare" means identify and describe similarities, while "contrast" means identify and describe differences.Explanation / Answer
a)They could likely survive with a paper - based accounting information system and their transaction volume is not super high and their work is straightforward.
But moving from paper based to electronic accounting is for the best because of its effeiciency and accuracy
Sebastian and Viola should utilize a software program such as quickbooks or desktop or a PC/Laptop.This way,they can easily input the transactions of their expenses and revenues to track those numbers.From there they can analyze if they are spending too much on certian expenses ,what are revenue sources and how it is utilised.The benefits include but are not limited to a more organised bookkeeping system , easasier access to all transactions in one place , electronically stored information and many more.The costs will depend on the needs of but around $500 you can buy a good laptop and purchase a accouting software for around $200
b)From an article found on goolgle search , several areas for good information:The first is accuracy , which is also in the UMUC criteria.UMUC says is the information tell you where it comes from and what is its source.
another is completeness which is closer to UMUC accuracy.
Another area is authorative which lines up with authority section in UMUC.
UMUC focuses on who creared the information.
Overall the Article had more depth or elaborative than UMUC guidlines but almost everyone needs to have what UMUC outlines for correct information
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