Question
Do you believe that information within Strayer University system should be valued and added on the balance sheet as an inventory with reference to Reliability,
Do you believe that information within Strayer University system should be valued and added on the balance sheet as an inventory with reference to Reliability, Understandability, and Verifiability? The business that I researched is Samsung. This multinational company has multiple lines of business as we know. Samsung is a company leader in the digital industry. Its different line of business goes from TV, mobile device, laptop, computers, appliance and more. Because of the complexity of its business this company uses SAP platform to collect, records and process its financial information. When Samsung implemented the SAP system, they first identified the different products that they sell. Which of those products were manufactured inside the company, which products they resale, to organize the different sections of the company. Depending on how many activities a business developed it would affect more or less when they need to implement a new accounting information system. The business model of Samsung is very complex. If the company decided to implement a new AIS, the platform information should be prepared in detail, considering all the products that the company has. Samsung is operating in the segments of consumer electronics (Monga, 2013), with products such as digital appliance, health and medical equipment, IT and mobile communications and more. It is important that the system collects and incorporates financial and non-financial information of the different business activities, to obtain accurate reports
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