Computer Accounting

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In our society today, computer technology plays an important role in many form of business, especially in the field of accounting. As technology advances, not only does the use of computers penetrates individual's everyday life, it also helps to mange and improve many business operations from service, manufacturing to retail. Ken, an accounting graduate, works as an accounting clerk at Advance Manage, a service operation located in Markham, Ontario. The small business is in the form of a partnership, and has only 5 employees. Advance management mainly provides service for property owners who are seeking proper management for their housing estate such as small plazas and condominiums. Since Ken is aware of the important of the computer skills in the job market, he devotes many time self-studying his PC at home. With his expertise in bookkeeping and his adequate knowledge of computers, he finds that computerized accounting is easy to work with and is very timesaving. With computer technology changing at such fast pace, many businesses try to keep up by upgrading computer system constantly in order to stay competitive. In the example of Advance Management; the computer equipment they have is quite advances. For example, they own 3 computers of which one is solely for accounting purposes. The system includes a CPU Pentium II with 300 MHz microprocessor, a 64 MB SD Ram on board, a 56 K modem, a 32+CD-ROM, and also a 4.3 GB Hard Disk. This high quality equipment has bought recently and they have already contributed a lot in improving the business' operation by making better works done more quickly. Advance management also has its own great software to match with its advances computer system. The software is specifically designs for the use of property managing and is called AFEX. This accounting software for property management has been in uses for almost a year and is a very helpful in working with the company's accounting routine. The company uses the accounting...
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