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	<title type="html"><![CDATA[FrontAccounting forum — Do we have a scenario of accounting circle ?]]></title>
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	<updated>2008-08-19T05:05:26Z</updated>
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			<title type="html"><![CDATA[Do we have a scenario of accounting circle ?]]></title>
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			<content type="html"><![CDATA[<p>actually to evaluate any accounting software we are always recommend to have a clear scenario </p><p>this clear scenario will help any accountant intend to use the software to know what will happen behind scenes , so i hope to find any ready scenario with accounting transactions to clear any misunderstandings can happen</p><p>if there is no any clear scenario , we (infotechaccountants.com/forums ) will try to put a complete scenario and test it and compare it with international accounting standards (IAS) and international financial reporting standards (IFRS), and generally accepted accounting principles (GAAP) and see what is the week points will be found </p><p>Note : when i&#039;m reading some maints i note that there is mistake in some transactions specially for those transactions related to inventory received as i guess , frontaccounting use Perpetual Inventory Method so that i will say that the transaction of receiving goods is </p><p>in case of Perpetual Inventory System</p><p>By inventory XXXX<br />To Supplier or Cash or Bank&nbsp; XXXX</p><p>in case of Periodic Inventory System</p><p>By Purchases XXXX<br />To Supplier or Cash or Bank&nbsp; XXXX</p><p>Thank you all</p>]]></content>
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				<name><![CDATA[infotechaccountant]]></name>
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			<updated>2008-08-19T05:05:26Z</updated>
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