Modern Accounting Systems
Modern Accounting Systems
Marcello F. Pirrelli
Introduction to Accounting – ACC 205
Professor: Beher Haski
01 October 2012
Part I: Introduction
Over the years, through trial and error, modern accounting systems have changed for both the better and worse. Modern accounting systems fulfill the basic accounting needs while offering increased accuracy in tracking trends, enabling collaboration and giving quick access to data. Computerized solutions offer the traditional transaction processing, classification of data and reporting while simultaneously increasing the range of inputs to give a clearer and more comprehensive picture of the financial health of a company (Gambling, 1975). The topic I selected for this research paper is how modern account systems have made a difference in modern organizations. Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I aquired tremendous amount of knowledging from taking this class, from analysing transactions to utilizing accounting formats correctly (Gordon, 1937). During my high school and early college years I used excel spreadsheets for various projects, but never did I have to utilize them to the extent I did in my Accoungting class. I learned how to successful create balance sheets, income statements, and so much more. Lastly, the cirriculum provided enabled me to correctly use different accounting ledgers to create successful and understandable business financial statement. Modern technology and systems are making accounting processes more cost efficient, which subsequently strengthens a companies ability to increase their profits. Part II: Body
Whether a small corner-store or large multimillion dollar organizations, each was created with its own innovations based on their believe of having the best account perspectives. They were successful for a short time by applying new costs
Marcello F. Pirrelli
Introduction to Accounting – ACC 205
Professor: Beher Haski
01 October 2012
Part I: Introduction
Over the years, through trial and error, modern accounting systems have changed for both the better and worse. Modern accounting systems fulfill the basic accounting needs while offering increased accuracy in tracking trends, enabling collaboration and giving quick access to data. Computerized solutions offer the traditional transaction processing, classification of data and reporting while simultaneously increasing the range of inputs to give a clearer and more comprehensive picture of the financial health of a company (Gambling, 1975). The topic I selected for this research paper is how modern account systems have made a difference in modern organizations. Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I aquired tremendous amount of knowledging from taking this class, from analysing transactions to utilizing accounting formats correctly (Gordon, 1937). During my high school and early college years I used excel spreadsheets for various projects, but never did I have to utilize them to the extent I did in my Accoungting class. I learned how to successful create balance sheets, income statements, and so much more. Lastly, the cirriculum provided enabled me to correctly use different accounting ledgers to create successful and understandable business financial statement. Modern technology and systems are making accounting processes more cost efficient, which subsequently strengthens a companies ability to increase their profits. Part II: Body
Whether a small corner-store or large multimillion dollar organizations, each was created with its own innovations based on their believe of having the best account perspectives. They were successful for a short time by applying new costs
References: Gambling, T. (1975). Modern Accounting. Charlotte, NC: MacMillan. Gordon, D. W. (1937). Modern Accounting Systems. Osmania Univ: John Wiley And Sons Inc. Horngren, C., Harrisons, W. T. & Oliver, M. S. (2007). Accounting (9th Ed). New Jersey: Pearson Prentice Hall. Romney, M. B. (2011). Accounting Information Systems (12th Ed). Boston, MA: Prentice Hall.