Technology is increasingly used to process accounting data. Why then must we study and understand accounting?
Technology is just a tool used to process the system but without proper understanding, technology will be unable to solve our purpose. Technology prevents human eerors and provides accurate records but for better understanding of transactions from the beginning we need accounting. In addition to this accounting technology can be tailor made and customized according to the need but to analyze the need we need detailed information on accounting
Accounting is something that everyone should have at least a basic understanding of the fundamentals. The fact that most of it is done automatically by computers does not negate the need to understand essential elements of budgeting and costing — these are tools everyone should be able to use in their household. Likewise, an understanding of basic banking is relevant to having sufficient life skills to navigate an evermore advanced world.
Technology is increasingly used to process accounting data. Why then must we study and understand accounting?
Why must one understand accrual basis accounting and how does this process play a huge role in the adjusting entry process?
Why must one understand accrual basis accounting and how does this process play a huge role in the adjusting entry process?
Why must one understand accrual basis accounting and how does this process play a huge role in the adjusting entry process? What are the five types of adjusting entries?
To understand the chemical basis of inheritance, we must understand the molecular structure of DNA Explain why this is an example of reductionism in the study of biology?
what are some examples that informatics technology can be used to study aggregated data in order to improve population health?
Understand process cost accounting. .1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion 2. A process cost system is used when each finished unit is indistinguishable from another. 3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting 4. In a proces cost system, costs are tracked by individual jobs. 5. Job order costing and process costing track different manufacturing cost elements. 6. Both job order conting and process costing...
Technology and Accounting Profession (Big Data)
locate two separate research studies. One study must be a quantitative study, and the other study must be a qualitative study. Assess the instruments and data used in the studies. Tasks: In your paper, address the following: Summarize the instrument(s) used in each study, including the appropriateness of the instruments to the research objectives. Classify the questions (e.g., open- or closed-ended) used in each study. Assess the coding scheme (if any) for questions used in each study. Classify the data...
Pick one new technology impacting accounting systems today or in that future that we have already discussed. Discuss the benefits and the disadvantages of moving to this new technology. Please include in your discussion research “how it works” and “how it will be used” examples of companies that are using this technology accounting system. Please do not include a definition of what it is, but rather what it can do!
In the study of human behaviors, organizational leaders must understand concepts such as values, attitudes, perceptions, and behaviors of people. The objective is to align their thoughts, emotions, and competencies with organizational success. We often ask why people do things the way they do or behave in a certain way. Research these attributes and provide references. Address the following questions: How are values formed? How do they influence our attitudes toward work and others? In the workers’ perspective, why are...