22107 Lecture Notes - Lecture 8: Enterprise Resource Planning, Management Accounting, Customer Satisfaction
Document Summary
Define and differentiate between contracts for the sale of goods and agreements to sell. Distinguish a contract for the sale of goods from a contract for work done and materials supplied. Explain the rules relating to the passing of title in goods from the seller to the buyer. Identify and apply the exceptions to the nemo dat rule. List and recognise when implied conditions and warranties apply. Describe the remedies available to an unpaid seller. Identify the remedies available to a buyer if a contract for the sale of goods is breached by the seller. Introduction to managerial accounting: data: reports such as financial statements, customer lists, inventory records etc, knowledge: information that is shared and exploited so that it adds value to an. Information: data that has been organized, processed and summarized. organization. Accounting information: ais (accounting information system): a transaction-processing system that captures financial data resulting from accounting transactions within a company.
