Got a tricky question? Receive an answer from students like you! Try us!

Accounting information systems development - Essay Example

Only on StudentShare
Undergraduate
Essay
Finance & Accounting
Pages 6 (1506 words)

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. …

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. ...
Download paper
Not exactly what you need?

Related Essays

Information Systems Development Bachelor Essay
This business is deemed that there are sites of work namely; in Brimingham and in Worthing as its factory sites and a factory manufacturing contact lenses in Surrey. In this kind of set-up, we are aware that there are three branches in this business and with this we will now have the idea that the operation is subdivided into three sites and with this, it is a fact though these factories do perform almost the same kind of operation and produce same kind of products the geographical separation of these factories and outlets can make a difference.…
8 pages (2008 words)
Information Systems Management
The next sections of the paper talks about value chain of Jupiter Business Systems by framing the main operations within the company. Further the SWOT and PEST analysis follow that represent the basic part before coming down to strategy overview. These analyses describe internal and external environment of the company.…
24 pages (6024 words)
Development of Business Information Systems in Snappy Happy Catering Ltd
This essay states that in today’s highly competitive world where knowledge is power, the information system has become a major functional area of an organization together with finance, operations, marketing and human resources management. The information system is a major source of information and support needed to promote effective decision-making of managers. It is a major contributor to operational efficiency, employee productivity, morale, customer service and satisfaction. It is a vital ingredient in developing competitive products and services that creates a strategic advantage to the…
8 pages (2008 words)
: Internal Control - Accounting Information Systems
Fraud is intentionally made while error is not intentionally made. Examples of fraud is theft of company assets such as cash and inventories and presentation of a financial statement that shows net income that is higher than what the real net income should be. An error occurs when the accounting clerk records payments for a $20,000 building repair as remainders and maintenance expense instead of capitalizing the cash paid with a debit to the building account and depreciation this amount over the of the remaining life of the building.…
4 pages (1004 words)
Information Systems Plan
The Information management system of Fitness center automates the above functionalities and allows the users to choose their daily schedules and exercises, with pre-calculated measures and to - do lists. The Sophisticated system offers alerts on regular tests and cholesterol levels giving clarity on health progress. The users can also enter complete laboratory test results, inoculations and medications, which can be kept as their personal digital health record. The combination of weight readings, meals, exercise, supplement or medication, test results, personal notes and detailed one-step…
10 pages (2510 words)