1-1 Discussion

COMMUNICATIONS Before the mid-1970s, systems programmers and businesspeople (including accountants) did not communicate well with one another. The programmers were critized for using too much jargon, and the businesspeople were criticized for not adequately expressing their needs. Efforts have been made to overcome this communication gap, but room for impprovement still exixts. What problems do you think may result from this communication gap? What can you do to help further close the gap when you enter the workforce?

Prompt: Accounting information systems became more and more sophisticated and eventually evolved into enterprise resource planning systems. At the same time this was happening, computers were replacing many of the repetitive tasks formerly accomplished by accountants. The accounting profession changed dramatically from one dominated by transaction recording and external financial statement preparation to one where accountants were full decision-making and decision-support team members. Has the profession kept up with these changes? Are the expectations of students entering the profession different than they were before this change? Response Parameters

Question 2  Some individuals argue that accountants should focus on producing financial  statements and leave the design and production of managerial reports to information  systems specialists. What are the advantages and disadvantages of following this  advice? To what extent should accountants be involved in producing reports that  include more than just financial measures of performance? Why?

All of the following are reasons why IT is important to accountants except: a.IT questions often appear on professional certification examinations b.The costs of IT are skyrocketing c.Accountants often help clients make IT decisions d.Auditors must evaluate computerized systems

Indicate whether each of the following statements is true or false. 1. When designing an accounting system, we need to think about the needs and knowledge of both the top managers and various other users. 2. When the environment changes as a result of technological advances, increased competition, or government regulation, an accounting system does not have to be sufficiently flexible to meet the changes in order to save money. In developing an accounting system, cost is relevant. The benefits obtained from the information disseminated must outweigh the cost of providing it. 3. >

Understanding components of a computerized accounting information system Ned Timmons, engineer, is considering using a computerized accounting system for his professional engineering business. Ned has asked that you help him understand the components of a computerized accounting information system by answering the following questions: Requirements 1. What are the two basic components of a computerized accounting information system? 2. Provide examples of each component. 3. If Ned were interested in an entry-level software system, what software might you recommend?

Companies are automating many accounting tasks. Is automation good or bad? Consider this question from the view of accounting students, accounting practitioners, other business professionals, and society as a whole. What should be done to achieve the good aspects of automating accounting tasks while minimizing the poor aspects?

Using the following prompts, share your experience learning about Accounting Information Systems: What is your overall reflection of the course? What were one or two of the topics covered in Module 8 that you think are most relevant for accountants now?   Which course topic(s) did you find most interesting?  Which of the topics did you find most confusing or challenging?

Answer the question correctly. Thank you. What do you believe to be the primary advantage that human accountants have over many accounting software programs that are in use today? Please answer in 2 paragraphs. Do not be redundant in answering.

Accountants play an important role within an organization. Without the proper tools and resources, they would not be as efficient or effective in their jobs. Discuss the value that an AIS system brings to an organization. In what ways do accounting information systems enable companies to not only become more productive but also provide the ability to compete with others on a global scale?\\nProvide 2-3 ways in which you have experienced the value of AIS from a professional or personal level.

I Just need the direct answer no need explanation

answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?

Describe how information reduces risk when you make a personal or work-related decision. What are information rules? How do they simplify the process of making decisions? What is the difference between data and information? Give one example of accounting data and one example of accounting information. List the five functions of an MIS. What are the components of a typical business report? Describe the three types of computer applications that help employees, managers, and executives make smart decisions. What purpose do audits and GAAPs serve in today’s business world? How do the major provisions of the Sarbanes-Oxley Act affect a public company’s audit procedures? What is the principal difference between a balance sheet and an income statement? How are current assets distinguished from fixed assets? Why are fixed assets depreciated on a balance sheet? How does the use of money solve the problems associated with a barter system of exchange? For a business firm, what type of activities…

Overview Fordham and Hamilton evaluated a broad range of small businesses and found that a large majority are still using accounting practices that do not constitute true integrated computerized accounting systems. Read this article before you begin this assignment: Accounting Information Technology in Small Businesses: An Inquiry. Instructions In which you: Evaluate the findings Fordham and Hamilton presented in their paper. Propose additional reasons why small business owners are not using AIS in their businesses. Provide support to your arguments and proposals using additional materials. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all supports. Check with your professor for any additional instructions.

Many accounting and accounting-related professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments (for example, a bottling plant or chemical factory). To provide professional accounting and financial services, one must understand the industry, product, and processes. We have an ethical responsibility to develop this understanding before offering services to clients in these areas. Required Write a one-page action plan, in memorandum format, discussing how you would obtain an understanding of key business processes of a company that hires you to provide financial services. The memorandum should specify an industry, a product, and one selected process and should draw on at least one reference, such as a professional journal or industry magazine.

Managerial accounting is concerned with providing information to managers so they may make business decisions that satisfy customers while continuously monitoring costs and improving efficiencies. Some reports provide timely updates on key indicators while others investigate problems such as declined profitability. Please list a report or activity you learned about in managerial accounting which would be useful if implemented in either a) a current or past place of employment or b) your personal life. Describe how the report would help in your job or personal life.

Indicate whether each of the following statements is true or false. 1.   When designing an accounting system, you need to think about the needs and knowledge of both the top managers and various other users.                                                              TrueFalse 2.   When the environment changes as a result of technological advances, increased competition, or government regulation, an accounting system does not have to be sufficiently flexible to meet the changes in order to save money.                                                              TrueFalse 3.   In developing an accounting system, cost is relevant. The benefits obtained from the information disseminated must outweigh the cost of providing it.                                                              TrueFalse

Enter the letter of each system principle in the blank next to its best description. A. Control principle C. Compatibility principle E. Cost-benefit principle B. Relevance principle D. Flexibility principle 1. The accounting information system helps monitor activities. 2. The accounting information system conforms to the company’s business activities. 3. The accounting information system changes in response to technological advances and competitive pressures. 4. Affects all other accounting information system principles. 5. The accounting information system provides timely information for effective decision making.

After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system   Explain the difference between a stand-alone package and an integrated package? Explain two advantaged and two disadvantages of an integrated package e) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes involved in the configuration of an accounting package.

Accounting information systems by Gelinas:  Why does accountants need to learn about the technical aspects of information systems?

Accounting staff “in general" are very focused and tend to stay within their circle of peers. They can pose a challenge to get a meeting with. How would you propose to get some one on one time with an accounting staff team member?

What are the impacts of technology towards accounting? What is the role of technology in accounting practices? Has technology disrupted the accounting profession? Why should management accountants leverage technology? Cite and reference your work.

Need assistance I am trying to get an example on how I would explain this to a group   Explain some management accounting methods and how your report and the data it represents adhere to industry standards and the AICPA code of ethics.

Can you help me with this question

My own business experience supports this statement. By the time individuals have a few years of business experience, they have developed great technical skills and can assemble,analyze, and categorize data to make solid business decisions. In the end, however,they are often unable to communicate the results of their analysis effectively. WhenI speak to senior executives and inquire about educational needs, the conversationinvariably turns to communications. In accounting, by necessity, we focus onfinancial and quantitative data, but it is important to remember that as accountantswe must be able to present the results of our analysis or studies to management.Through effective communications, accountants can truly impact business decisionsand make their careers soar. Situation for Analysis: Grayslake Novelty produces and sells a small novelty item through tourist shops in Chicago and other northern Illinois locations. Last year the company sold 198,400 units of one of its products. The…