Problem

Field exercises.a. Point your Web browser to www.download.com. Investigate BS1 Accounting...

Field exercises.

a. Point your Web browser to www.download.com. Investigate BS1 Accounting and 3S Accounting—two general ledger packages that can help companies with the steps in the accounting cycle. Identify and describe at least two modules in each system; explain the types of accounting transactions the modules are designed to record.


b. Point your Web browser to www.law.harvard.edu/administration/financial/coa. Describe Harvard Law School’s chart of accounts coding system.


c. Contact an accounting professional at a local organization such as your university, a bank, or a retail store. Find out how he/she employs human judgment and information technology in completing the steps of the accounting cycle.

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Solutions For Problems in Chapter 2