Question
It is important to record accounting transactions in a timely manner so that you can close out your books properly at the end of a
- It is important to record accounting transactions in a timely manner so that you can close out your books properly at the end of a quarter. Identify and discuss the factors that lead to a user failing to record transactions in a timely manner in accounting systems like QuickBooks. Justify your response.
- Be sure to respond to at least one of your classmates' posts.
What accounting numbers need to be "closed out"? Why?
What would be the impact on the financial statements if a sales transaction was not recorded?
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Factors that lead to a user failing to record transactions in a timely manner in accounting systems like QuickBooks may include Lack of training If the user is not adequately trained on how to use the ...
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
