ACC 317 Module Six Worksheet Template

Complete this template by replacing the bracketed text with the relevant information.

Accounting System Questions

1. How does an accounting system provide accurate calculations to prevent errors?

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2. What are potential concerns related to data security?

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3. How does an accounting system save time?

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4. How does using an accounting system enable separation of duties?

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5. What are the benefits of an ERP system?

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6. What are the benefits of QuickBooks?

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Variance and Anomalies Questions

7. How can an accounting system help you find anomalies or variances in financial data?

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8. Assume you calculated a financial ratio variance of 2x the usual balance for accounts receivable. Why did you calculate a financial ratio variance of 2x the usual balance?

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9. You are a small company that calculates a normal current ratio at 1.95. This period the current ratio is only 1.45. Why has the ratio decreased?

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References

Include at least one reference used to complete this chart. This section is for the full citation. Sources should be cited using APA style.

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