Applications of ICT in Accounting. Accounting records have been maintained only on a manual basis for a period now. The bookkeeper or the owner is required to fill a paper source document for each sale or receipt‚ and then work overtime writing the transactions of the day or week in special journals‚ stock cards‚ and debtor and creditor records. This obviously took some time‚ time that would otherwise have been spent operating the business. The business also pays extra money to account officers
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software called QuickBooks patterned after its popular personal accounting brand Quicken (Loter‚ 2009). From its launch the software has been very popular with
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To: OXUS | | Human Resource unite Subject: Application for the post of Accountant | VA NO: HQ- A – 09260 Dear Sir/Madam With due submission and admiration it is stated that the new opening of position titled as ( Accountant )in your esteemed Organization has encouraged me to make use of the opportunity‚ as I find myself best suited against
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Accounting‚ Taxation‚ and Audit. Plus‚ I am a second-term junior at Phnom Penh International University (PPIU)‚ majoring in English Literature. Besides‚ I also attended computer classes which provided me Ms. Word‚ Ms. Excel‚ Ms. Power Point‚ Peachtree Quantum‚ Quickbook knowledge and I know how to use the Internet and E-mail as well. Since I was in high school‚ I used to help my family doing business as well as being an English Tutor at home which would offer me much patience and confidence in working
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Technologies Impact on Accounting Many advances in the accounting profession have been brought into the business world‚ starting when the Accounting Information Systems “AIS” was introduced. In today’s accounting profession it is difficult to imagine accountants balancing debits and credit on general ledgers‚ and posting transactions by hand. Everything can now be done with a computer‚ instead of by hand. The new technology of accounting is important‚ because it gives managers the opportunity
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1‚ Five Forces Analysis for Intuit Threat of new entrants * Capital requirements: Intuit spends a significant amount of time and money-approximately 20 percent of net revenue-on consumer research each year‚ due to the fast-paced nature of technology‚ shifting consumer needs. If plus with the fees of research‚ development‚ production and advertisement‚ new entrants have to prepare strong capital to run its business. * Brand equity & Customer loyalty to established brands‚ Intuit always
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Principles of Accounting Individual Project One XXXXXXXX XXXXXXXX Abstract Accounting has truly proven it’s self as an integral niche in society. Without personal bookkeeping you couldn’t track your bank accounts‚ how much you’re owed or owe to someone. You could not manage your taxes or even simple bills. These simple points alone show how much accounting has become important in the world. It drives business‚ government‚ and even the lowest levels of everyday life. Accounting In
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us‚ the accounting profession must embrace the changes that come along with new technology and learn to use it to our advantage‚ or risk being replaced by nonprofessionals. A case in point would be the inexpensive software packages such as QuickBooks‚ Peachtree‚ and MYOB. Because these programs are designed for easy use‚ they are often set up and maintained by non-accountants who are not normally trained or knowledgeable in accounting concepts. Another type of software design is the tax return preparation
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BIS 634 PRO-PLANNERS TEAM PROJECT #2: SOFTWARE EVALUATION: AyaNova‚ Service Industry Software Mary Jo Davis‚ Chong Tao‚ Submitted: April 10‚ 2007 Table of Contents 1. Abstract 2. Summary of Software Category: Business application software‚ by definition is: a software group that does not run the computer‚ but rather provides a tool for the user to accomplish a specific type of task by using the computer’s
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A REPORT ON A PROPOSED COMPUTER SYSTEM WITH HARDWARE AND SOFTWARE SPECIFICATIONS 1.0 INTRODUCTION The following report outlines the hardware and software specifications for a prospective computer system designed to give any small business the ability to automate their daily activities. Two key factors are always kept in mind‚ efficiency at an affordable cost. Even though more powerful specifications can be given this would increase the overall cost of the system. Another thought
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