Lackawanna ACC105 2021 September Module 2 Discussion (dq1+dq2) Latest

ACC105 Principles of Accounting 1

Module 2 Discussion

DQ1 Computerized Accounting Systems

Computerized accounting systems are widely used by even the smallest  companies. These systems simplify the record-keeping process in that  transactions are recorded in electronic forms. Forms used to bill customers for services provided are often completed using drop-down menus that list services that are normally provided to customers. An auto-complete entry feature may also be used to fill in customer names. For example, type “ca” to display customers with names beginning with “Ca” (Caban, Cahill, Carey, and Caswell). And, to simplify data entry, entries are automatically posted to the ledger accounts when the electronic form is completed.

One popular accounting software package used by small- to medium-sized businesses is QuickBooks’. Some examples of using QuickBooks to record accounting transactions are illustrated and discussed in Chapter 5.

Questions:

What do you see as the advantages and disadvantages of computerized accounting systems?

Discuss the experience if any that you have had with computerized accounting systems either as a customer or as an employee.

If you were to run a business (some of you already do), how would you complete the accounting for your business (paper or computer)? Why?

DQ2 Step two:  Research!

Using the internet, newspapers, magazines, and/or library, research your company.  Write 1-2 pages double spaced about the following topic regarding your chosen company. Post those here. Be sure to cite your sources using APA format!

History of the company. Please do NOT include details of the scandal in this section. You can comment on it as part of the history, but the details will come later in the project.

When replying to your classmates, please be sure to include both positive feedback and constructive criticism. We want to help each other become better writers.