Why is the need to fully integrate a computerised accounting system so important?
Question:
Why is the need to fully integrate a computerised accounting system so important?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Fully integrating a computerized accounting system is important for several reasons Accuracy and Consistency Manual data entry can lead to errors inconsistencies and discrepancies in accounting record...View the full answer
Answered By
ROXAN VEGA
I have extensive hands-on experience and proficiency in assisting students in various subjects. During my tutoring sessions, I prioritize creating a supportive and engaging learning environment. I strive to understand each student's unique learning style and tailor my teaching methods accordingly. I am patient, empathetic, and skilled at breaking down complex concepts into simpler, more manageable parts. I encourage active participation and discussion, promoting critical thinking and problem-solving skills.
One of my strengths as a tutor is my ability to adapt to different learning needs and styles. I can explain difficult concepts using real-life examples, visual aids, or interactive exercises, depending on what works best for the student. I also provide clear explanations, answer questions, and offer guidance in a clear and concise manner.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
1: List at least six (6) features of desktop and cloud-based computerised accounting systems. 2A: List examples two (2) organisational policies and procedures that would need to be amended when...
-
Fremantle Fisheries (FF) operates a fleet of fishing boats out of three ports in Western Australia Fremantle, Bunbury and Geraldton. Each port has its own fishing fleet and all seafood caught is...
-
Teresa Greene owns and manages a craft and material shop called All Sewn Up. Most of the revenue of All Sewn Up is from the sale of craft materials, although some revenue is made by giving craft...
-
What is marginal cost Explain with an example.
-
LaRoe Moving and Storage, a family-owned corporation, declared a property dividend of 1,000 shares of GE common stock that LaRoe had purchased in February for $37,000 as an investment. GE's shares...
-
Why is it important to track both net income and cash flow?
-
2. The government-wide statements of a state government a May not be issued separately from the comprehensive annual financial report b Are prepared on both the accrual and modified accrual bases of...
-
From the paper Effects of Chronic Nitrate Exposure on Gonad Growth in Green Sea Urchin Strongylocentrotus droebachiensis (Aquaculture, Vol. 242, No. 14, pp. 357363) by S. Siikavuopio et al., we found...
-
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.l Inventory on hand-3,900 units; cost $7.20 each 8 Purchased 19,500...
-
What issues need to be considered when making the switch from a manual accounting system to a computerised accounting system?
-
Why is the need for accounting skills and knowledge important when the accounting system is computerised?
-
If external auditors concluded no material losses or account misstatements had occurred as a result of a client's information systems activities but that significant potential existed for material...
-
Briefly explain the difference between a k-factor model and the capital asset pricing model
-
Refer to the cost data, Picture below. Take off the square feet of wall forms and cubic yards of ready mix concrete for the walls of the elevator pit. Determine the total material and labor cost for...
-
possible Submit quiz A researcher studies water clarity at the same location in a lake on the same dates during the course of a year and repeats the measurements on the same dates 5 years later. The...
-
A liquid hydrocarbon mixture was made by adding 295 kg of benzene, 289 kg of toluene and 287 kg of p-xylene. Assume there is no change of volume upon mixing, i.e., Vmix=0 , in order to determine: 1....
-
b) Maseru Development Bank has R850 million credit with Matsieng Hydroelectric Power, with a maturity of eighteen months. The expected loss for Maseru Development Bank is R22 million, and the...
-
The adjusted trial balance of Georgian Protection at December 31, 2014, is shown below. Required 1. Prepare Georgian Protection's 2014 income statement, statement of owner's equity, and balance...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
The chief accountant of Uncertain Ltd is not sure of the appropriate accounting treatment for a number of events occurring during the year 2016/17. (i) A significant number of employees have been...
-
With reference to IAS 10 Events after the reporting period and IAS 37 Provisions, contingent liabilities and contingent assets: (a) Define the following terms: (i) Events after the reporting period...
-
What do you think the advantages of companies having to follow set rules in this case may be?
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App