You will explore how accountants use an accounting system to ensure they have financial data integrity. You will respond to the questions in the Module Six Worksheet Template provided in the What to Submit section by evaluating different accounting systems.

Consider that a small company may only have one or two users in QuickBooks, whereas a large company may have hundreds when using SAP or Oracle.

Specifically, you must address the following rubric criteria:

1. Explain how an accounting system provides accurate calculations to prevent errors.
2. Identify potential concerns related to data security.
3. Explain how an accounting system saves time.
4. Explain how using an accounting system enables separation of duties.
5. Describe the benefits of an enterprise resource planning (ERP) system (Oracle or SAP).
6. Describe the benefits of an entry-level system 
7. Explain how an accounting system can help you find anomalies or variances in financial data.
8. Explain why you calculated a financial ratio variance of 2x the usual balance. Assume the calculated financial ratio variance of 2x the usual balance for accounts receivable.
9. Provide a rationale for why the ratio decreased. For a small company that calculates a normal current ratio at 1.95, this period the current ratio is only 1.45.

Complete this template by replacing the bracketed text with the relevant information. Accounting System Questions How does an accounting system provide accurate calculations to prevent errors? [Insert text.] What are potential concerns related to data security? [Insert text.] How does an accounting system save time? [Insert text.] How does using an accounting system enable separation of duties? [Insert text.] What are the benefits of an ERP system? [Insert text.] What are the benefits of QuickBooks? [Insert text.] Variance and Anomalies Questions