Accounting information systems development - Essay Example

Only on StudentShare

Extract of sample
Accounting information systems development

The company in this scenario is a small, local CPA firm. The personnel at the organization include three new CPAs and an office manager. Primarily, the company's business consists of tax and write-up work.However, recently the company has required a new client: a homeowner's association with a total of 150 homeowners.The firm has agreed to provide the homeowner's association with several services. There are six service areas that the company has agreed to service the homeowner's association with: billing, collection, payments, reporting, tax, and advisory. With billing, each homeowner will be sent an itemized bill each quarter, dues being payable by the month. Late fees accumulate at one percent of the unpaid balance each month that passes. On the first day of the last month of the quarter, bills are mailed out to the homeowners, and payment is expected by the quarter's end.With collection, the accounting firm is responsible for collecting the payments from the post office box that it has rented specially for the homeowner's association. They are also responsible for depositing the checks they collect.With the large, new client, the company is hoping to expand that area of their practice by computerizing the main functions of their system. The goal of the company is to computerized the system's main functions. The main focus of the computerization will be on billing and reporting. Other than the actual interface of the new system, the checking account, financial statements, and tax preparation parts will not be computerized at this time. ...Show more

Summary

The company in this scenario is a small, local CPA firm. The personnel at the organization include three new CPAs and an office manager. Primarily, the company's business consists of tax and write-up work. …
Author : hwilkinson
Accounting information systems development essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Accounting information systems development"
with a personal 20% discount.
Grab the best paper

Related Essays

Accounting Systems Design & Development
Steering committee is referred to as advisory committee of the organization which consists of experts and stakeholders for offering guidance regarding the crucial issues of the company. The key issues are generally corporate objectives and policy, marketing strategy, budgetary control, allocation of resources, and also decision pertaining to large expenditures.
9 pages (2250 words) Essay
Accounting Information Systems
Although originally devised only for recording the financial information, accounting has become a powerful data source to support operation management of modern businesses. Accounting systems are used in a modern business environment not only as a standartisation tool for the financial data, but more importantly, as an information source for decision-making processes.
4 pages (1000 words) Essay
Accrual Accounting Systems
This project will examine the deficiencies of the current cash-based, line accounting systems predominantly employed by SMEs, and argue for the transition to the Oracle accrual-based software accounting systems. While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.
10 pages (2500 words) Essay
Accrual Accounting Systems
While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.
10 pages (2500 words) Essay
Business-accounting information systems
Stakeholders such as lenders require financial statements of a company before they extend any credit to a business. Accounting is the discipline that allows businesspeople to keep track of the inputs and outputs of a company within a
6 pages (1500 words) Essay
Modern Accounting Systems
The modern business environment has altered radically within a short period of time. Business technology has highly developed business functions and acts to levels not believed feasible in the past. “The function of accounting and business is possibly one of the most dependable functions in business”.
4 pages (1000 words) Essay
Automated Process of Accounting Information Systems
The main features contained in the software are Inventory Control, Point of Sale, Customer Management, Reporting, Purchasing, Accounting, and an option for E-Commerce that the company may consider. Additionally to the industry specific software, the group proposes an Acuprint
2 pages (500 words) Essay
Information Systems
The author of the essay casts light on the advantages of information systems. Reportedly, one way which information system has transformed business is through the use of the internet which has made companies more efficient in terms of operating globally. For instance, significant cost reductions are being realized with the use of the internet.
3 pages (750 words) Essay
Information systems
What is social capital, from both personal perspective and organizational perspective? You can use Nucor Steel or any other company (organization) as the example. At Nucor Steel, taking care of the customers is half the job done. This is apparent in the wake of its
3 pages (750 words) Essay
Costs and Benefits Associated with ERP Systems - Advanced Accounting Information systems
Some of the reasons include having outgrown entry-level package, lack of integration with other systems. Lack of support may also contribute to the need for a new
5 pages (1250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT