Application of Ict on Accounting

SMW is a wholesaler of specialty micro-brewed beers. SMW purchases bottles and kegs of beer from small microbreweries in the New England area and sells them to local liquor retailers in Boston. SMW’s slogan is “Always in-stock, next day delivery.” Ted Stern, SMW’s owner and CEO, hopes to expand sales to outside of the Boston metro area within one year.

Microsoft Excel: I have needed to use Microsoft Excel for my ROP computer course in high school. The course, Geographical Informational Systems, required data imputations and to create efficient charts and tables, we utilized Microsoft Excel. GIS was a year-long course and at its end I received a certification of authenticity.

Using either an Excel list or a list imported to Excel, generate form letters and/or mailing labels.

This assignment reviews basic accounting entries for a series of transactions, emphasizes the integration of journals to the financial statements, and introduces students to these journal entries in SAP ERP

Historically, accounting was performed in columned ledger books and required hours to record relevant information. Each transaction was recorded in

There are a lot of differences between spreadsheets and a database system. One of the differences many users noticed is the way the data is organised. For example, if the data is flat, then a spreadsheet is perfect in a way. Another example is if a business wants to keep in touch/tracking their monthly earning over the year, spreadsheet will be the more ideal and perfect way because it was meant to handle lots of data and map the progress of a tiny amount of key points, for example if you are using Microsoft excel you can use CTRL + F to locate a specific name or data information. On the other hand, database systems use a relational data structure. An example would be if a company wants to track down their monthly earnings and compare to their competitors business for the past 3 years, there will be a relationships between data points.

Before spreadsheet was invented, people used to do and solve calculations on a piece of paper or by calculators (they still use calculators even today). Spreadsheet was invented by Dan Bricklin and Bob Frankston in 1979. Visual calculator was in fact the first commercial spreadsheet program. After it was invented, it made peoples’ life much easier in terms of doing calculations automatically, speeding up the calculations, lots of calculations are done simultaneously and also saving up peoples’ time. Spreadsheets are so important today because many companies and organisations use a lot of spreadsheet models to manipulate complex data/ problems as it contains accurate data. Manipulation of data can be applied to non-numeric data. It is a

Spreadsheets – displays data in a grid of columns and rows, with the capability of easily recalculating numerical data.

Microsoft Excel can be used to store and retrieve information in the form of tables and charts and filters can be inserted

When I worked as a tutor/mentor for City Year in the Bronx, New York, I was in charge of collecting my whole team’s data. Our data included hours spent tutoring, classes attended, and the number of tutoring sessions. Having the ability the use Excel’s formulas to total each corps member’s weekly progress was indispensible. I could organize each person’s statistics on a different worksheet and still have every corps member on the same workbook. With Word, I would have had to create a different document for each corps member. And this would have increased my data input time substantially. Additionally, the organized structure of each cell on an Excel workbook made the aesthetics better for my teammates. Also, had I known about the Fill Handle

Every company keeps records showing all of the income, expenses and assets and liabilities. This is a very important part of the accounting

In addition to accountants providing many useful numbers that signal a company’s performance, they also prepare many useful documents and a code of ethics to make sure that all stakeholders have a clear picture on the business’s financial position. For instance, journaling is what accountants do after every transaction. These entries of what is exchanged in a business provide evidence that money deserves to be in a certain account. Especially since every journal entry needs a corresponding document that proves the record did happen, journals can be used by executives to see what really occurred in case a number in an account looks wrong (Schneider). It is also used when a government official suspects that the company is unfairly representing itself to either indict the business or prove its innocence. Journaling illustrates the importance of accounting since everything is documented and has proof for existence in the case of errors. One thing that journals go hand-in-hand with is the general ledger. This is the document that actually lists each individual account and the amount in it. It organizes the overall picture of every entity a business comes in contact with so that every important number can be put neatly into a financial statement.

Schools: Schools use spread sheets to keep track of their students, to track each student’s attendance and also schools can use spreadsheets to manage their budget and financial

Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper

The aim of this report is to discuss the various methods of reducing computer fraud and to find out whether the computer security measures is necessary. In the main body of this report discuss about whether the