relevance of computer in accounting?
107604
The process of accounting after the journal entry is passed is mechanical and it can be mechanised by using the logical flow of information.....\n\nTherefore, in Computerised accounting, you only record a journal entry...and the rest is done by the computer..\n\n\nlearn the fundamental concepts here to have a wonderful understanding on the basics of accounting...\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/\n\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com/
677208
Broadly, accounting is defined as the systematic recording, reporting, and analysis of financial transactions of a business. \n\nThere are different types of accounting, namely: Financial Accounting, Tax Accounting, Cost Accounting and Managerial Accounting.\n\nFINANCIAL ACCOUNTING is defined as “measuring and recording business transactions and providing financial statements that are based on generally accepted accounting principles. It focuses on external reporting. \n\nFinancial statements (financial data) tell us (1) the financial position of an entity at a certain date and (2) the results of its operations (profit/loss) and the changes in its financial position and variations in stockholder's equity (investment) in a period of time. (Historical information/past events).\n\nFinancial accounting aims at satisfying the interest of the "general user" which may include: shareholders, government agencies, creditors, and the general public.\n\nMANAGERIAL ACCOUNTING. Measures and reports financial and non-financial information that helps MANAGERS make decisions to fulfill the goals of an organization. It focuses on internal reporting. \n\nCOST ACCOUNTING is an information system that classifies, accumulates, controls and assigns costs to determine costs of activities, processess or products, facilitating decision making and managerial planning and control.\n\nCost accounting plays a role in both managerial and financial accounting. Some authors describe Cost Accounting as a unifying point between Managerial and Financial Accounting.\n\nTAX ACCOUNTING is used to communicate information to the appropriate taxing authorities. Generally, the Internal Revenue Service and state tax or revenue boards. It includes the procedures for determining taxes payable and compliance with other provisions of tax laws.\n\nHope this helps...
553187
computers in any bussiness sector can be a real help in managing the company database,automating certain processes,security and organizing valuable information so that it is available in future.\ncomputers in network can really help in running the company smoothly and effectively.\nbelieve me,i am a software engineering student.computers really help
276875
for budget purposes, use quicken and enter all the info. toss the receipts into a box or bag after you enter them. you will save a lot of time using the computer and you can do some good planning if you are into it.
748935
It is talking about the design and use of the company's accounting system.\nThis system should be designed so that it provides all the necessary management information to help decision making.\nSales should be analysed so that meaningful information can be gained about which customers are buying which products.\nPurchases should be analysed so that departmental costs and profit/loss are available,, etc
260401
If you are asking about the tally accounting package then:\n\ntally is written in C or C++ kind of languages and the data is stored in "flat files"
245376
when you do accounting through your computer not a person
643452
Paramount, everything the computer does is math.\n\nUsing the 0 & 1 to make up all known numbers and characters and to use logical math pathways to calculate instructions in the CPU, the very basis of a computer works in math.
132244
You're going to have to look this up in your book or something, computers have thousands of uses, from simple email to playing movies to sorting files, etc. etc.
273682
Accounting information such as a companies set of accounts is useful to the shareholder and prospective shareholder.\n\nThey can use the info to make informed decisions on whether to invest in the company or not.\n\nThere will also be information from auditors of companies. They will state whethet they feel the accounts are true and fair.
872961
Time consuming\nErrors likely\nCan be costly (paying someone to do the accounting)\nWaste of cabinets
871397
correct, ms money is seperate,\nmay try using excel,\n\nAccounting\nhttp://www.enablecomputing.com/ShowPage.ec?page=OneStepAccounting&menu=OneStepAccounting\n\nhttp://www.google.com/Top/Computers/Software/Freeware/Accounting/\n\nhttp://www.freewarefiles.com/cat_8_78_Accounting.html
251163
Computers let us speed up our calculations first.  Then, some very samrt people found the way to make computers help organizing, comunicating and sharing information.  In today´s world, computers are the most essential component of any organization intended to run something bigger than a house.  They are everywhere and we have become dependent on them.
672615
I'm not really sure what your question is. We use computers in our business for everything from processing information about our customers to tracking sales to communicating with customers and internally. Computers fully drive our business.
398570
I think it does. Well it depends on... Bookkeeping in what, Accounts? Then Yes you will need it. Now in future times A college education is highly recommended to get a respectable job. So I would say ... YEA! Till I get more details
69048
A few employers do have this information online, ask them. Some payment systems have them available for online import into tax preparation software, but again very few do this. There's just not much reason to do it.
51282
Accounting tends to be one of those subjects that you either get it or your don't.  The best advice is to keep practicing the t-table exercises until you find that "A-HA!" threshold.\n\nHere are some basics.\n\nIncome Statement\nNet Sales\n - Cost of goods sold\n   (Labor, Materials, Overhead, Delivery, etc.)\n= Gross Margin\n - Selling, General & Administrative expenses\n= Operating Profit\n - Interest\n= Profit before taxes\n\n\n\nBalance Sheet\nAssets\n Cash\n Investments\n A/R\n Inventories\n PP&E\n\nLiabilities\n A/P\n Long-term debt\n Other liabilities\n Reserves\n\nShareholder's equity\n Common stock\n Retained earnings