Accounting Infirmation System Based on Coca cola

Introductory

These accounts are the basis of our accounting system, keeping monthly totals of income, costs, expenses, assets, and liabilities. The balances that appear on income statements, balance sheets, trial balances, and other financials are based on the account totals in the COA.

The Clients & Profits X chart of accounts is completely customizable. We can have as few or as many accounts as us need (there’s no real limit to the quantity of accounts). Each account has an account number, classification, sub-class, and categories for cash flow and ratio reports. Separate accounts can be set up for different profit centers and departments. Every account keeps real-time running balances for up to 24 accounting periods.

Budget amounts can be quickly set up for any or all accounts and periods using last year’s totals. Account totals can roll up into other accounts. The accounts are set up with the rollup information in the Chart of Accounts. Choose the Rollup option when printing financials to rollup, or hide, the account totals in the designated account. Accounts can also be made confidential. Confidential accounts work like regular accounts, but can’t be used by non-managers.

Overview of AIS

Unlike many other accounting subjects, such as intermediate accounting, accounting information systems (AIS) lacks a well-defined body of knowledge. Much controversy exists among college faculty as to what should and should not be covered in the AIS course. To some extent, however, the controversy is being resolved through recent legislation. The Sarbanes-Oxley Act (SOX) of 2002 established new corporate governance regulations and standards for public companies registered with the Securities and Exchange Commission (SEC). This wide-sweeping legislation impacts public companies, their management, and their auditors. Of particular importance to AIS students is SOX’s impact on internal control standards and related auditing procedures. Whereas SOX does not define the entire content of the AIS course, it does identify critical areas of study for accountants that need to be included in it.

 

Begin the study of AIS with the recognition that information is a business resource. Like the other business resources of raw materials, capital, and labor, information is vital to the survival of the contemporary business organization. Every business day, vast quantities of information flow to decision makers and other users to meet a variety of internal needs. In addition, information flows out from the organization to external users, such as customers, suppliers, and stakeholders who have an interest in the firm. An overview of these internal and external information flows. The business organization divided horizontally into several levels of activity. Business operations from the base of the pyramid.

 

These activities consist of the product-oriented work of the organization, such as manufacturing, sales, and distribution. Above the base level, the organization is divided into three management tiers: operations management, middle management, and top management. Operations management is directly responsible for controlling day-to-day operations. Middle management is accountable for the short-term planning and coordination of activities necessary to accomplish organizational objectives. Top management is responsible for longer-term planning and setting organizational objectives. Every individual in the organization, from business operations to top management, needs information to accomplish his or her tasks.

Company profile

Company Name                      : Coca-Cola Beverage Shop.

Shop location                          : Bashundhara

Product                                    : Only Coca cola

Strategy                                   : Commercial production.

Status                                      : Partnership Business.

Business Line                           : Producing & exporting

Number of Partner                 : Three.

Authorized Capital                  : Tk.10000000000cores

Initial Investment                    : Tk.500000000cores

 

Company’s mission

The world is changing all around us. To continue to thrive as a business over the next ten years and beyond, we must look ahead, understand the trends and forces that will shape the business in the future and move swiftly to prepare for what’s to come. We must get ready for tomorrow today. That’s what our 2020 Vision is all about. It creates a long-term destination for our business and provides us with a “Roadmap” for winning together with our bottling partners.

Mission

Roadmap starts with the mission, which is enduring. It declares the purpose as a company and serves as the standard against which we weigh the actions and decisions.

  • To refresh the world.
  • To inspire moments of optimism and happiness.

To create value and make a difference.

Company’s vision

Vision
Vision serves as the framework for our Roadmap and guides every aspect of the business by describing what we need to accomplish in order to continue achieving sustainable, quality growth.

  • People: Be a great place to work where people are inspired to be the best they can be.
  • Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people’s desires and needs.
  • Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value.
  • Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities.
  • Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities.

Productivity: Be a highly effective, lean and fast-moving organization

Winning Culture
Winning Culture defines the attitudes and behaviors that will be required of us to make the 2020 Vision a reality.

Company’s values

Values
values serve as a compass for our actions and describe how we behave in the world.

  • Leadership: The courage to shape a better future
  • Collaboration: Leverage collective genius
  • Integrity: Be real
  • Accountability: If it is to be, it’s up to me
  • Passion: Committed in heart and mind
  • Diversity: As inclusive as our brands
  • Quality: What we do, we do wellon the Market

Focus

  • Focus on needs of our consumers, customers and franchise partners
  • Get out into the market and listen, observe and learn
  • Possess a world view
  • Focus on execution in the marketplace every day
  • Be insatiably curiousWork Smart
  • Act with urgency
  • Remain responsive to change
  • Have the courage to change course when needed
  • Remain constructively discontent
  • Work efficientlyAct Like Owners
  • Be accountable for our actions and inactions
  • Steward system assets and focus on building value
  • Reward our people for taking risks and finding better ways to solve problems
  • Learn from our outcomes — what worked and what didn’tBe the Brand

Inspire creativity, passion, optimism and fun

Accountants as Users

In most organizations, the accounting function is the single largest user of IT. All systems that process financial transactions impact the accounting function in some way. As end users, accountants must provide a clear picture of their needs to the professionals who design their systems. For example, the accountant must specify accounting rules and techniques to be used, internal control requirements, and special algorithms such as depreciation models. The accountant’s participation in systems development should be active rather than passive. The principal cause of design errors that result in system failure is the absence of user involvement.

Managerial Aspect

Management Aspect: (Journal) In this part described about a company’s regular transactions. According to the all the most common financial transactions are economic exchanges with external parties. These include the sale of goods or services, the purchase of inventory, the discharge of financial obligations, and the receipt of cash on account from customers. Financial transactions also include certain internal events such as the depreciation of fixed assets, the application of labor, raw materials, and overhead to the production process; and the transfer of inventory from one department to another. Financial transactions are common business events that occur regularly.

For instance, thousands of transactions of a particular type (sales to customers) may occur daily. To deal efficiently with such volume, business firms group similar types of transactions into transaction cycles. These transactions are recorded as first in the journal book of an organization. That is must identify by the accounting information system Transactions to record, Capture all details, Properly process into correct accounts, and Provide reports externally and internally.

Management Aspect: (Cash book) Larger firms usually divide the cash book into two parts. The first part is the cash disbursement journal that records all cash payments, such as accounts payable and operating expenses. The second part is the cash receipts journal, which records all cash receipts, such as accounts receivable and cash sales.

A financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger. The cash book is periodically reconciled with the bank statements as an internal method of auditing.

Cashbook is a famous mobile phone app which helps us tracking our daily expenses anywhere and anytime. If we go out for a business trip and need a quick and handy way to write down all our expenses in order to get reimbursement later on or tax deductions, Cashbook in Android is the perfect tool for us. If we’d like to keep tracking our incomes, daily expenses and monthly balance sheet, we can easily do it anywhere and anytime with Cashbook on Android phone.

    • Income and Expense Category: User can add, delete, rename income and expense categories. User defined categories will be saved in database for future use.
    • Payer and Payee: User can add, delete, and rename payer and payee information. User defined payer and payee will be saved in database for future use.
    • Database backup and restore: User can backup database to SD card. Also, user can restore database from the saved backup in SD card.
    • Export database in CSV (for Microsoft Excel) or QIF (for Quicken) format: User can export database to SD card in CSV or QIF format which can be open in Microsoft Excel or any other text file editor. In this feature, user has four ways to specify the records in certain date range:
  1. All Date
  2. Within Start and End Date
  3. After Specific Date
  4. After Last Export Date
  5. Today
  6. This Month
  7. This Year

Email database in CSV (for Microsoft Excel) or QIF (for Quicken) format: User can send database CSV or QIF file by email attachment. In this feature, user has four ways to specify the records in certain date range:

  1. All Date
  2. Within Start and End Date
  3. After Specific Date
  4. After Last Export Date
  5. Today
  6. This Month
  7. This Year
    • Auto Check Upgrade: User can turn on or off the feature of automatically checking whether there is a newer version of software available in Android Market.
    • User Assistance: User can turn on or off the automatic tips on how to use Cashbook

Icon Notification: User can turn on or off the feature of using icon notification when Cashbook is running.

    • Use Splash Screen: User can turn on or off the feature to start the program with splash screen.
    • Mileage Tracker: It is a perfect solution for tracking vehicle mileage for IRS/expense purpose.

Management Aspect: (Ledger) The general ledger is a collection of the firm’s accounts. While the general journal is organized as a chronological record of transactions, the ledger is organized by account. In casual use the accounts of the general ledger often take the form of simple two-column T-accounts. In the formal records of the company they may contain a third or fourth column to display the account balance after each posting.

Note the direct mapping between the journal entries and the ledger postings. While this posting of journalized transactions in the general ledger at first may appear to be redundant since the transactions already are recorded in the general journal, the general ledger serves an important function: it allows one to view the activity and balance of each account at a glance. Because the posting to the ledger is simply a rearrangement of information requiring no additional decisions, it easily is performed by accounting software, either when the journal entry is made or as a batch process, for example, at the end of the day or week.

Finally, while such T-accounts are handy for informal use, in practice a three-column or four-column account may be used to show the running account balance, and in the case of a four column account, whether that balance is a net debit or credit. Additionally, reference numbers may be used so that each posting can be traced back to its original journal entry.

Management Aspect: (Bank book) Larger firms usually divide the bank book into two parts. The first part is the equity based journal that records, such as Capital. The second part is the cash payments journal, which records, such as accounts payable and Insurance policy.

A financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the bank book are then posted into the general ledger. The bank book is periodically reconciled with the bank statements as an internal method of auditing.

Bank book is a famous excels application which helps us tracking our daily expenses anywhere and anytime. If we go out for a business trip and need a quick and handy way to write down all our expenses in order to get reimbursement later on or tax deductions, Bank book in Android is the perfect tool for us. If we’d like to keep tracking our incomes, daily expenses and monthly balance sheet, we can easily do it anywhere and anytime with Bank book on Android phone.

 

Management Aspect: (Trial Balance) trial balance is the equal balance part for the accounting process. An accountant should provide a balanced trial balance result to made a next step of preparing income statement of an organization and as well as the balance sheet of an organization. Based on that all revenue and expenditures are included for calculating this part. The source of information is the relievable for all transactions collected from ledger that ready to disclose the financial information for the both external and internal purposes. All tracked of transactions posted into two different sides. One side is debit items and another side is called credit items side. It actually prepared for monthly, quarterly and common in yearly.

 

 

Management Aspect: (Income Statement) Income Statement is the set of all incomes and expenditures. That means all revenues and expenses these are incurred for maintaining the business operations are given in the income statement to find out the excess of income over expenditure or excess of expenditure over the income. It actually prepared for monthly, quarterly and common in yearly. The all period it would be better that the balance of excess of income over expenditure for any company. From this stage the only result forwarded the next stage the preparing of Balance Sheet. Through this account this item going to next year or period. It shown in the Balance Sheet under the retained earnings on stockholders equity.

Management Aspect: A (Retained earnings) Retained earnings is the increasing balance part for the accounting process. An accountant should provide a balanced Retained earnings result to made a next step of preparing Balance Sheet of an organization and as well as the new Retained earnings of an organization. Based on the result of income statement that account is included for calculating this part.

The source of information is the relievable for all transactions collected from income statement and previous year balance sheet that ready to disclose the financial information for the both external and internal purposes. All tracked of transactions posted into two different sides. One side is beginning retained earnings and another side is called ending retained earnings side. It actually prepared for monthly, quarterly and common in yearly.

Management Aspect: (Balance Sheet) balance sheet is the financial feeling hart of an organization. This part is completed with the two systems. Like one British process and or American process. Both processes have two different sides. One is called assets side and another side is called liabilities and owner’s equity/ stockholders equity.  Companies are all current assets and as well as fixed assets are recorded under the assets column, such as cash deposit, inventory, land, buildings etc. On the other hand all the company’s liability and equity recorded under the liabilities and owner’s equity/ stockholders equity column, such as accounts payable, common stock, retained earnings etc.

Findings

Coca-Cola Beverage Shop

General Journal

DateCodeVoucher NoParticularsRef:DebitCredit
Jan. 1, 2010A1000D0F 101Cash1,500,000
A2000Bank500,000
S1000Capital2,000,000
(Starting business with cash & bank)
Jan. 3, 2010I14000D0F 105Prepaid office rent60,000
A1000Cash60,000
(Office rent paid in Advance)
Jan. 5, 2010A9000D0F 108Machineries300,000
A1000Cash200,000
L1000A/C payable100,000
(machine purchase with cash and credit)
Jan. 9, 2010I3000D0F 110Raw materials200,000
L1000A/C payable200,000
(raw materials purchase on credit)
Jan. 10, 2010I8000D0F 115Advertisement10,000
A1000Cash10,000
(advertisement paid by cash)
Jan. 11, 2010A6000D0F 117Furniture150,000
A1000Cash150,000
(furniture purchased by cash)
Jan. 15, 2010I6000D0F 127Office supply55,000
A2000Bank55,000
(office supply purchased with check)
Jan. 23, 2010D0F 132Insurance policy100,000
A1000Cash50,000
A2000Bank50,000
(Insurance paid by cash & bank)
Jan. 31, 2010I7000D0F 139Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Feb. 3, 2010A4000D0F 145Inventory30,000
A2000Bank30,000
(Inventory purchased by check)
Feb. 10, 2010I5000D0F 151Salary25,000
A1000Cash25,000
(Salary paid by cash)
Feb.15, 2010A1000D0F 159Cash200,000
A3000A/C receivable50,000
I1000Sale250,000
(sales by cash and account)
Feb.25, 2010L1000D0F 167A/C payable100,000
A1000Cash100,000
Adjusting transaction)
Feb.28, 2010I4000D0F 173Wage10,000
A1000Cash10,000
(wage paid by cash)
Feb.28, 2010I7000D0F 180Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Mar. 10, 2010I5000D0F 188Salary25,000
A1000Cash25,000
(salary paid by cash)
Mar. 15, 2010A7000D0F 197Computer30,000
A1000Cash30,000
(computer purchased by cash)
Mar. 27, 2010A1000D0F 208Cash320,000
A3000A/C receivable80,000
I1000Sales400,000
(sales by cash and account)
Mar. 31, 2010I7000D0F 214Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Apr. 5, 2010I6000D0F 221Office supply15,000
L1000A/C payable15,000
(O/S purchased by credit)
Apr. 10, 2010I5000D0F 229Salary25,000
A1000Cash25,000
(Salary paid by cash)
Apr. 25, 2010L1000D0F 236A/C payable100,000
A2000Bank100,000
Adjusting transaction)
Apr. 30, 2010I7000D0F 241Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
May. 1, 2010A8000D0F 249Delivery truck150,000
L1000A/C payable100,000
A1000Cash50,000
(truck purchased with cash & account)
May. 9, 2010I5000D0F 257Salary25,000
A1000Cash25,000
(Salary paid by cash)
May. 31, 2010I7000D0F 264Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
June. 8, 2010A1000D0F 272Cash50,000
A3000A/C receivable50,000
(adjustment entry)
June. 10, 2010I5000D0F 279Salary25,000
A1000Cash25,000
(Salary paid by cash)
June. 30, 2010I7000D0F 284Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
July. 3, 2010I14000D0F 292Prepaid office rent60,000
A1000Cash60,000
(Office rent paid in Advance)
July. 9, 2010I5000D0F 305Salary35,000
A1000Cash35,000
(Salary paid by cash)
July. 20, 2010A3000D0F 314A/C receivable300,000
I1000Sale300,000
(sales on account)
July. 31, 2010I7000D0F 323Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Aug. 8, 2010I5000D0F 331Salary35,000
A1000Cash35,000
(Salary paid by cash)
Aug. 25, 2010S1000D0F 339Capital50,000
A1000Withdraw/ Cash50,000
(withdraw from the capital)
Aug. 31, 2010I7000D0F 345Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Sep. 5, 2010I3000D0F 356Raw materials100,000
A2000Bank100,000
(raw materials purchase with check)
Sep. 6, 2010I9000D0F 362Transportation10,000
A1000Cash10,000
(transportation cost paid by cash)
Sep. 10, 2010I5000D0F 369Salary35,000
A1000Cash35,000
(Salary paid by cash)
Sep. 30, 2010I7000D0F 378Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Oct. 2, 2010I10000D0F 389Machinery maintenance20,000
A2000Bank20,000
(machinery maintenance paid by check)
Oct. 10, 2010A8000DOF 395Delivery truck35,000
A1000Cash35,000
(Salary paid by cash)
Oct. 31, 2010I7000DOF399Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Nov. 8, 2010I5000DOF 406Salary35,000
A1000Cash35,000
(Salary paid by cash)
Nov. 21, 2010A1000DOF 409Cash200,000
A3000A/C receivable150,000
I1000Sale350,000
(sales on account, bank & cash)
Nov. 30, 2010I7000DOF 414Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Dec. 1, 2010I12000DOF 423Tax80,000
A1000Cash80,000
(tax paid by cash)
Dec. 5, 2010I5000DOF 431Salary35,000
A1000Cash35,000
(Salary paid by cash)
Dec. 20, 2010I13000DOF 447Profit distribution100,000
A1000Cash100,000
(profit distributed by cash)
Dec. 31, 2010I7000DOF 452Office rent10,000
I14000Prepaid office rent10,000
(adjusting transaction)
Dec. 31, 2010I5000DOF 466Salary35,000
L1000A/C payable35,000
(salary is not paid yet)
Total5,570,0005,570,000

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Coca-Cola Beverage Shop

Cash Book

For the year ending December 31, 2010

Date

Code

Voucher No

Particulars

Credit

3-Jan

I14000

D0F 105prepaid office rent

60,000

5-Jan

A9000

D0F 108machinery

200,000

10-Jan

I8000

D0F 115Advertisement

10,000

11-Jan

A6000

D0F 117Furniture

150,000

23-Jan

A5000

D0F 132Insurance policy

50,000

10-Feb

I5000

D0F 151Salary

25,000

25-Feb

L1000

D0F 167A/C payable

100,000

28-Feb

I4000

D0F 173Wage

10,000

10-Mar

I5000

D0F 188Salary

25,000

15-Mar

A7000

D0F 197Computer

30,000

10-Apr

I5000

D0F 229Salary

25,000

1-May

A8000

D0F 249Delivery truck

50,000

9-May

I5000

D0F 257Salary

25,000

10-Jun

I5000

D0F 279Salary

25,000

3-Jul

I14000

D0F 292prepaid office rent

60,000

9-Jul

I5000

D0F 305Salary

35,000

8-Aug

I5000

D0F 331Salary

35,000

25-Aug

S1000

D0F 339Capital

50,000

6-Sep

I9000

D0F 362Transportation

10,000

10-Sep

I5000

D0F 369Salary

35,000

10-Oct

I5000

DOF 395Salary

35,000

8-Nov

I5000

DOF 406Salary

35,000

1-Dec

I12000

DOF 423Tax

80,000

5-Dec

I5000

DOF 431Salary

35,000

20-Dec

I13000

DOF 447Profit distribution

100,000

31-Dec

C/B

975,000

Total

2,270,000

ais

 

 

 

 

 

 

 

 

Date

Code

Voucher NoParticulars

Credit

15-Jan

I6000

D0F 127Office supply

55,000

23-Jan

A5000

D0F 132Insurance policy

50,000

3-Feb

A4000

D0F 145Inventory

30,000

25-Apr

L1000

D0F 236A/C payable

100,000

5-Sep

I3000

D0F 356Raw materials

100,000

2-Oct

I10000

D0F 389machinery maintenance

20,000

31-Dec

C/B

145,000

Total

500,000

 

 

 

 

 

 

 

Coca-Cola Beverage Shop

Trial Balance

For the year ending December 31, 2010

CodeParticulars

Debit

Credit

A1000Cash

975,000

                            –
A2000Bank

145,000

                     –

I1000Revenues/sales

          –

1,300,000

A3000Accounts receivable

530,000

A4000Inventory

30,000

                      –

I3000Raw materials

300,000

                      –

I6000Office supply

70,000

                      –

I7000Office rent

120,000

                      –

A5000Insurance policy

100,000

                      –

I8000Advertisement

10,000

A6000Furniture

150,000

                      –

I4000Wage

10,000

                      –

I5000Salary

370,000

                      –

I9000Transportation

10,000

                      –

I10000Machinery maintenance

20,000

                       –

A7000Computer

30,000

                       –

A8000Delivery truck

150,000

A9000Machinery

300,000

I12000Tax

80,000

S1000Capital Stock

1,950,000

L1000Accounts Payable

250,000

I13000Profit distribution

100,000

Total

3,500,000

3,500,000

Cash

Date

Code

V. No

Type

OB

Dr.

Cr.

CB

Cash

1-Jan-10

A1000D0F 101Cash

                                –

1,500,000

                                –

1,500,000

3-Jan-10

A1000D0F 105Cash

                                –

                               –

60,000

1,440,000

5-Jan-10

A1000D0F 108Cash

                                –

                               –

200,000

1,240,000

10-Jan-10

A1000D0F 115Cash

                                –

                               –

10,000

1,230,000

11-Jan-10

A1000D0F 117Cash

                                –

                               –

150,000

1,080,000

23-Jan-10

A1000D0F 132Cash

                                –

                               –

50,000

1,030,000

10-Feb-10

A1000D0F 151Cash

1,030,000

                               –

25,000

1,005,000

15-Feb-10

A1000D0F 159Cash

                                –

200,000

                                –

1,205,000

25-Feb-10

A1000D0F 167Cash

                                –

                               –

100,000

1,105,000

28-Feb-10

A1000D0F 173Cash

                                –

                               –

10,000

1,095,000

10-Mar-10

A1000D0F 188Cash

1,095,000

                               –

25,000

1,070,000

15-Mar-10

A1000D0F 197Cash

                                –

                               –

30,000

1,040,000

27-Mar-10

A1000D0F 208Cash

                                –

320,000

                                –

1,360,000

10-Apr-10

A1000D0F 229Cash

1,360,000

                               –

25,000

1,335,000

1-May-10

A1000D0F 249Cash

1,335,000

                               –

50,000

1,285,000

9-May-10

A1000D0F 257Cash

                                –

                               –

25,000

1,260,000

8-Jun-10

A1000D0F 272Cash

1,260,000

50,000

                                –

1,310,000

10-Jun-10

A1000D0F 279Cash

                                –

                               –

25,000

1,285,000

3-Jul-10

A1000D0F 292Cash

1,285,000

                               –

60,000

1,225,000

9-Jul-10

A1000D0F 305Cash

                                –

                               –

35,000

1,190,000

8-Aug-10

A1000D0F 331Cash

1,190,000

                               –

35,000

1,155,000

25-Aug-10

A1000D0F 339Cash                                –                               –

50,000

1,105,000

6-Sep-10

A1000D0F 362Cash

1,105,000

                               –

10,000

1,095,000

10-Sep-10

A1000D0F 369Cash                                –                               –

35,000

1,060,000

10-Oct-10

A1000DOF 395Cash

1,060,000

                               –

35,000

1,025,000

8-Nov-10

A1000DOF 406Cash

1,025,000

                               –

35,000

990,000

21-Nov-10

A1000DOF 409Cash                                –

200,000

                                –

1,190,000

1-Dec-10

A1000DOF 423Cash

1,190,000

                               –

80,000

1,110,000

5-Dec-10

A1000DOF 431Cash                                –                               –

35,000

1,075,000

20-Dec-10

A1000DOF 447Cash                                –                               –

100,000

975,000

Bank

1-Jan-10

A2000D0F 101Bank                                –

500,000

                                –

500,000

15-Jan-10

A2000D0F 127Bank                                –                               –

55,000

445,000

23-Jan-10

A2000D0F 132Bank                                –                               –

50,000

395,000

3-Feb-10

A2000D0F 145Bank

395,000

                               –

30,000

365,000

25-Apr-10

A2000D0F 236Bank

365,000

                               –

100,000

265,000

5-Sep-10

A2000D0F 356Bank

265,000

                               –

100,000

165,000

2-Oct-10

A2000D0F 389Bank

165,000

                               –

20,000

145,000

Capital

1-Jan-10

S1000D0F 101CAP                                –                               –

2,000,000

-2,000,000

25-Aug-10

S1000D0F 339CAP

2,000,000

50,000

                                –

-1,950,000

Prepaid office rent

3-Jan-10

I14000D0F 105POR                                –

60,000

                                –

60,000

31-Jan-10

I14000D0F 139POR                                –                               –

10,000

50,000

28-Feb-10

I14000D0F 180POR

50,000

                               –

10,000

40,000

31-Mar-10

I14000D0F 214POR

40,000

                               –

10,000

30,000

30-Apr-10

I14000D0F 241POR

30,000

                               –

10,000

20,000

31-May-10

I14000D0F 264POR

20,000

                               –

10,000

10,000

30-Jun-10

I14000D0F 284POR

10,000

                               –

10,000

                                            –

3-Jul-10

I14000D0F 292POR –

60,000

                                –

60,000

31-Jul-10

I14000D0F 323POR

60,000

                               –

10,000

50,000

31-Aug-20

I14000D0F 345POR

50,000

                               –

10,000

40,000

30-Sep-10

I14000D0F 378POR

40,000

                               –

10,000

30,000

31-Oct-10

I14000DOF399POR

30,000

                               –

10,000

20,000

30-Nov-10

I14000DOF 414POR

20,000

                               –

10,000

10,000

31-Dec-10

I14000DOF 452POR

10,000

                               –

10,000

                                            –

Machinery

5-Jan-10

A9000D0F 108MRY                                –

300,000

300,000

A/C payable

5-Jan-10

L1000D0F 108ACP                                –                               –

100,000

-100,000

9-Jan-10

L1000D0F 110ACP                                –                               –

200,000

-300,000

25-Feb-10

L1000D0F 167ACP

300,000

100,000

                                –

-200,000

5-Apr-10

L1000D0F 221ACP

200,000

                               –

15,000

-215,000

25-Apr-10

L1000D0F 236ACP                                –

100,000

                                –

-115,000

1-May-10

L1000D0F 249ACP

115,000

                               –

100,000

-215,000

31-Dec-10

L1000DOF 466ACP

215,000

                               –

35,000

-250,000

Raw materials

9-Jan-10

I3000D0F 110RM                                –

200,000

                                –

200,000

5-Sep-10

I3000D0F 356RM

200,000

100,000

                                –

300,000

Advertisement

10-Jan-10

I8000D0F 115ADD                                –

10,000

                                –

10,000

Furniture

11-Jan-10

A6000D0F 117FUR                                –

150,000

                                –

150,000

 Office supply

15-Jan-10

I6000D0F 127OS                                –

55,000

                                –

55,000

5-Apr-10

I6000D0F 221OS

55,000

15,000

                                –

70,000

Insurance policy

23-Jan-10

A5000D0F 132ISP                                –

100,000

                                –

100,000

A/C receivable

15-Feb-10

A3000D0F 159ACR                                –

50,000

                                –

50,000

27-Mar-10

A3000D0F 208ACR

50,000

80,000

                                –

130,000

8-Jun-10

A3000D0F 272ACR

130,000

                               –

50,000

80,000

20-Jul-10

A3000D0F 314ACR

80,000

300,000

                                –

380,000

21-Nov-10

A3000DOF 409ACR

380,000

150,000

                                –

530,000

Office Rent

31-Jan-10

I7000D0F 139OFR                                –

10,000

                                –

10,000

28-Feb-10

I7000D0F 180OFR

10,000

10,000

                                –

20,000

31-Mar-10

I7000D0F 214OFR

20,000

10,000

                                –

30,000

30-Apr-10

I7000D0F 241OFR

30,000

10,000

                                –

40,000

31-May-10

I7000D0F 264OFR

40,000

10,000

                                –

50,000

30-Jun-10

I7000D0F 284OFR

50,000

10,000

                                –

60,000

31-Jul-10

I7000D0F 323OFR

60,000

10,000

                                –

70,000

31-Aug-10

I7000D0F 345OFR

70,000

10,000

                                –

80,000

30-Sep-10

I7000D0F 378OFR

80,000

10,000

                                –

90,000

31-Oct-10

I7000DOF399OFR

90,000

10,000

                                –

100,000

30-Nov-10

I7000DOF 414OFR

100,000

10,000

                                –

110,000

31-Dec-10

I7000DOF 452OFR

110,000

10,000

                                –

120,000

Inventory

3-Feb-10

A4000D0F 145INY                                –

30,000

                                –

30,000

Sales

15-Feb-10

I1000

D0F 159

SAS

                               

                              

250,000

-250,000

27-Mar-10

I1000

D0F 208

SAS

250,000

                              

400,000

-650,000

20-Jul-10

I1000

D0F 314

SAS

650,000

                               

300,000

-950,000

21-Nov-10

I1000

DOF 409

SAS

950,000

                              

350,000

-1,300,000

 Salary

10-Feb-10

I5000

D0F 151

SLY

                               

25,000

                               

25,000

10-Mar-10

I5000

D0F 188

SLY

25,000

25,000

                               

50,000

10-Apr-10

I5000

D0F 279

SLY

50,000

25,000

                               

75,000

9-May-10

I5000

D0F 305

SLY

75,000

25,000

                               

100,000

10-Jun-10

I5000

D0F 279

SLY

100,000

25,000

                               

125,000

9-Jul-10

I5000

D0F 305

SLY

125,000

35,000

                               

160,000

8-Aug-10

I5000

D0F 331

SLY

160,000

35,000

                               

195,000

10-Sep-10

I5000

D0F 369

SLY

195,000

35,000

                               

230,000

10-Oct-10

I5000

DOF 395

SLY

230,000

35,000

                               

265,000

8-Nov-10

I5000

DOF 406

SLY

265,000

35,000

                               

300,000

5-Dec-10

I5000

DOF 431

SLY

300,000

35,000

                               

335,000

31-Dec-10

I5000

DOF 466

SLY

335,000

35,000

                               

370,000

Wage

28-Feb-10

I4000

D0F 173

WAG

                               

10,000

                                

10,000

Computer

15-Mar-10

A7000

D0F 197

COM

                               

30,000

                               

30,000

Delivery truck

1-May-10

A8000

D0F 249

DET

                               

150,000

                                

150,000

Transportation

6-Sep-10

I9000

D0F 362

TRP

                               

10,000

                               

10,000

Machinery maintenance

2-Oct-10

I10000

D0F 389

MCM

                               

20,000

                               

20,000

Tax

1-Dec-10

I12000

DOF 423

TAX

                               

80,000

                               

80,000

Profit distribution

20-Dec-10

I13000

DOF 447

POD

                               

100,000

                               

100,000

Coca-Cola Beverage Shop

Profit and Loss accounting

For the year ending December 31, 2010

Code

Particulars(Incomes)

Amount

Amount

I1000

Revenues/sales

1,300,000

Total Income

1,300,000

Expenditures

Salaries & Benefits

I4000

Wage

10,000

I5000

Salary

370,000

Admin Fixed expenses

I7000

Office rent

120,000

I8000

Advertisement

10,000

Production expenses

I3000

Raw materials

300,000

Travel & Transport

I9000

Transportation

10,000

Maintenance

I10000

Machinery maintenance

20,000

Stationary

I6000

Office supply

70,000

Vat and Tax

I12000

Tax

80,000

Others

I13000

Profit distribution

100,000

Total Expenditures

1,090,000

Excess of Income over Expenditures

210,000

 

Coca-Cola Beverage Shop

Statement of Retained Earnings

For the year ending December 31, 2010

 

 

 

 

 

 

 

Code

Particulars

Beginning RE

Net operating income

Dividend

Distributed profit

Ending RE

S2000

Retained earnings

0

310000

0

100000

210000

Coca-Cola Beverage Shop

Balance Sheet

31-Dec-10

Code

Particulars

Amount

 

Assets

 

 

Current asset

 

A1000

Cash 

975,000

A2000

Bank

145,000

A3000

Accounts receivable

530,000

A4000

Inventory

30,000

A5000

Insurance policy

100,000

 

Total Current Asset

1,780,000

 

 

 

 

Fixed Asset

 

A6000

Furniture

150,000

A7000

Computer

30,000

A8000

Delivery truck

150,000

A9000

Machinery

300,000

 

Total Foxed Assets

630,000

 

 

 

 

Total Asset

2,410,000

 

 

 

 

 

 

 

Liabilities and Owners Equity

 

 

Current Liabilities

 

L1000

Accounts Payable

250,000

 

 

 

 

 

 

 

Stockholders’ Equity

 

S1000

Capital Stock

1,950,000

S2000

Retained earnings

210000

 

 

 

 

 

 

 

Total Liabilities & Owners Equity

2,410,000

Coca-Cola Beverage Shop

Statement of Cash Flows

For the year ending December 31, 2010

 

 

 

 

 

Code

Particulars

 

Amount

 

Cash flows from operating activities:

 

 

C17000

Cash receipts from customers 

 

770,000

 

 

 

 

 

 

Less : Cash Payments

 

 

 

 

 

 

 

I7000

 

 Office rent

120,000

 

I8000

 

 Advertisement

10,000

 

A5000

 

 Insurance

50,000

 

I5000

 

 salary

335,000

 

I4000

 

 Wage

10,000

 

I9000

 

 transportation

10,000

 

I12000

 

 Tax

80,000

 

 

Net cash provided by operating activities 

 

155,000

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

S1000

 

Investment by owner

1500000

 

I13000

 

less : Distribution

100000

 

W16000

 

 less : Withdraw

50,000

 

 

 Net cash provided by financing activities

 

1,350,000

 

Net increase in cash

 

975,000

 

Cash balance at January 1, 2009

 

0

 

Cash balance at December 31, 2009

 

975,000

Conclusion & Recommendation

AIS are going to start with a belief that “A man’s feet must be planted in his country but his eye should survey the world.” That means based on the above analytical explanation it could say that in any business could not run so far if that organization not maintain all systematic accounting process. And that ensure by the Accounting Information System or AIS. That’s why each company should follow the actual role of accounting process.

Besides it’s also a responsibility that all financial data disclosed by the company monthly or quarterly or yearly annual report. That will be a bright for the company’s both internal environment and as well as external environment. In conclusion we ask exoneration for any unwanted mistakes in our feasibility study and ask for kind consideration to consider our intense effort in this project preparation phase.

Sales

15-Feb-10

I1000

D0F 159

SAS

                               

                              

250,000

-250,000

27-Mar-10

I1000

D0F 208

SAS

250,000

                              

400,000

-650,000

20-Jul-10

I1000

D0F 314

SAS

650,000

                               

300,000

-950,000

21-Nov-10

I1000

DOF 409

SAS

950,000

                              

350,000

-1,300,000

 Salary

10-Feb-10

I5000

D0F 151

SLY

                               

25,000

                               

25,000

10-Mar-10

I5000

D0F 188

SLY

25,000

25,000

                               

50,000

10-Apr-10

I5000

D0F 279

SLY

50,000

25,000

                               

75,000

9-May-10

I5000

D0F 305

SLY

75,000

25,000

                               

100,000