WEEK 3: HORIZONTAL AND VERTICAL ANALYSIS - Class: ACCT-301
What is meant by the term information overload? Did you feel some information overload when you went to Yahoo! Finance? Why or why not?
Or just --> What is meant by the term information overload?
Information overload (also known as infobesity infoxication,information anxiety, and information explosion) is a term used to describe the difficulty of understanding an issue and effectively making decisions when one has too much information about that issue. Generally, the term is associated with the excessive quantity of daily information. Information overload most likely originated from information theory, which are studies in the storage, preservation, communication, compression, and extraction of information. The term, information overload, was first used in Bertram Gross' 1964 book, The Managing of Organizations, and it was further popularized by Alvin Toffler in his bestselling 1970 book Future Shock.
Information overload occurs when the amount of input to a system exceeds its processing capacity. Decision makers have fairly limited cognitive processing capacity. Consequently, when information overload occurs, it is likely that a reduction in decision quality will occur.
A newer definition of information overload focuses on time and resource aspects
Information overload is a state in which a decision maker faces a set of information (i.e., an information load with informational characteristics such as an amount, a complexity, and a level of redundancy, contradiction and inconsistency) comprising the accumulation of individual informational cues of differing size and complexity that inhibit the decision maker’s ability to optimally determine the best possible decision.
The advent of modern information technology has been a primary driver of information overload on multiple fronts: in quantity produced, ease of dissemination, and breadth of audience reached. Longstanding technological factors have been further intensified by the rise of social media and the attention economy. In the age of connective digital technologies, informatics, the Internet culture (or the digital culture), information overload is associated with the over-exposure, excessive consumption, and input abundance of information and data.
WEEK 3: HORIZONTAL AND VERTICAL ANALYSIS - Class: ACCT-301 What is meant by the term information...
WEEK 3: HORIZONTAL AND VERTICAL ANALYSIS --> ACCT-301: Class. Which do you think is more useful: horizontal and vertical analysis or ratio analysis, and why?
Class: ACCT-301 WEEK 3: RATIO ANALYSIS AND LIBRARY RESEARCH TASK isit the Yahoo web site and click the link to Finance. Enter the letters "XOM" into the Quote Lookup box, and this will display the latest stock price, related stock data, and links to the financial statements for Exxon-Mobil Corporation ("XOM" is the stock symbol for this company). Using the available data, indicate the EPS and P/E ratios. Next, digging deeper into the financials, perform a horizontal analysis spanning the...
WEEK 3: RATIO ANALYSIS AND LIBRARY RESEARCH TASK - Class: ACCT-301 Please name and give the formula for one of the liquidity ratios. Describe what this ratio can tell you.
Class: ACCT-301 --> WEEK 6: BUDGETING Why does a company budget for sales first? What do you think should be budgeted after sales?
Class: ACCT-301 --> WEEK 6: RESPONSIBILITY ACCOUNTING Please describe what a cost center is. How does this differ from a profit center?
Class: ACCT-301 - Week 2 Discussion Board. - WEEK 2: ETHICS Please summarize the Enron scandal for the rest of us. Describe how you think the elements of fraud were present in this scandal. What do you think could have or should have been done to prevent this from occurring?
Class: ACCT-301 - Week 2 Discussion Board. Think about your last trip to the grocery store. What type of internal controls do you think the store has in place to prevent employee theft?
What is a horizontal analysis in terms of financial accounting? What is a vertical analysis? Why do companies perform both when analyzing their financials?
Accounting Information System What is meant by the term “segregation of duties control” (sometimes referred to as the “separation of duties control”). Discuss fully. In your explanation discuss the “how”, “when”, “where” and “why” of the segregation of duties control, and some of the limitations or disadvantages of this type of control. You can provide examples to illustrate your explanation.
26. Another term for vertical analysis is a. common-size analysis. b. liquidity analysis. c. horizontal analysis. d. leverage analysis. 27. Common-size statements are especially useful in comparing a. a company's performance across time. b. companies of different sizes. c. supplemental information included in the corporate annual report. d. companies of the same size. 28. In preparing a common-size balance sheet, you express all account balances as a percentage of a. total stockholders' equity. b. total liabilities. c. total assets plus...