Computerised Accounting Essay

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

In the modern business today, there is no more manual accounting. Instead a lot of companies and businesses all over the world are trying to use and adapt by having an accounting system that is computerised, less hassle and fast processing.

The Retained Earnings Statement provides users the net income retained in the business for a specific time period. It shows the amount and cause of changes during a reporting period while simultaneously allowing users to evaluate dividend payment. External users mainly use this because they evaluate the dividend payout.

ORL adapts a flexible business model depending on changes of the market. In general, ORL’s strategy is to provide worldwide luxury brands and it focuses on channel of distribution, extension of Asian market and licensed brand.

Submitted in Partial Fulfillment for the Requirements of the degree Programme Bachelor of Business Administration

In addition to the accounting fraud that had happened, technological innovation has decreased the face-to-face communication between accountants and their client. Thereby, creating a disadvantage for the company to build a strong trust relationship with their client. Nowadays, technology is an essential part of business operation. Many accounting firms utilize technology devices such as emails and phones to communicate with their clients. However, one of the most effective communication is face to face communication

In this essay I have explained the importance of computerised accounting using ERP solutions. First I explain various accounting processes in a company in two broad classes. Then I explore various features in the mySAP ERP solution and how they cater to these processes. Then I explain the recent changes in accounting standards due to the Sarbanes Oxley act and their repercussion to the design of ERP solutions. Then I explained how mySAP helps companies to be compatible with the regulation. The success of ERP implementation is based on various factors. I have researched 3 famous failure and 3 famous success stories in ERP implementation and explained the effect on the companies.

Over the years, with the corporate development and social or statutes pressure, some concepts and standards related with audit is uncertainly or ambiguous. The obvious question is whether auditors should be blame when they failing to warn investors to ailing firms’ financial problems and risks (McNabb, 2009). In my opinion, auditors should be blame when they did not provide sufficient and useful information to alert to investors.

The basis of most academic work is the ability to construct a good essay. Although this sounds obvious, it is a skill which most students need to develop as none of us is born with the natural ability to write an essay, never mind one which will both address a given topic effectively and adequately support an argument with evidence. The most important aspect of writing an accounting essay or report is that the content must be informative and factually accurate; to ensure that opinions are supported by facts and figures in accordance with latest financial reporting standards and the piece considers all points of views. The layout and presentation is also critical in writing a good accountancy essay.

Every Company or Business has different Information Systems that the use to run the Company. There are various types of information systems employed by payroll, accounts payable, accounts receivable, and accounting? Types of Information systems that are employed by payroll, accounts receivable, and accounts payable are Paychex, UltiPro Payroll Software, ADP Payroll services, Intuitive Payroll Systems, and QuickBooks Payroll. Various types of Accounting Software is Microsoft Excel Spreadsheet, Intuit Quicken, Sage 50, and QuickBooks.

A RESEARCH PROPOSAL SUBMITTED TO THE SCHOOL OF MANAGEMENT AND ENTREPRENEURSHIP IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF

BEING A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF ABUJA, ABUJA, NIGERIA

This project has been fully supervised, read and approved as having satisfied the necessary conditions for the award of Bachelor of Science Degree in Banking and Finance of the Department of Banking and Finance, University of Abuja.

In the partial fulfillment of the requirement of Master of Business Administration (M.B.A.) Program (2002-2004) Hemchandracharya North Gujarat University, Patan.

MSc PROGRAMME DEPARTMENT OF BANKING AND FINANCE FACULTY OF MANAGEMENT SCIENCE SCHOOL OF POSTGRADUATE STUDIES ANAMBRA STATE UNIVERSITY