Report Prepared For : Mr. Nelson Title: | Computerized Accounting should completely replaces Manual AccountingPrepared By : Ali H. Al-MuslimID#: 200628620Section# : 05SN#: 02Group#:01Word Count:1‚333 | 10/7/2012 10/7/2012 Table of Contents Table of Contents II Introduction 3 I. Manual Accounting 4 A. Benefits 4 1. Cost effective 4 2. Availability 4 B. Limitations 4 1. Finding Errors 4 2. Time Factor 5 II. Computerized Accounting 5 A. Benefits 5 1. Speed 5
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Manual versus Computerized Accounting Ever since Lucas Pacioli wrote about and spread the knowledge of double entry accounting in his “Summa di Arithemetica” in 1494‚ modern manual accounting was born (Hendrickson‚ 2007)‚ though manual accounting has existed in many forms since ancient times. In contrast‚ computerized accounting systems are a more modern invention‚ as the first computer was invented between 1943 and 1946 (“Great Events in Accounting & Business History”‚ (n.d.)) and Arthur
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using computerized systems. Most of these companies started using these systems to save time and reduce costs. Even though these computerized systems are rather expensive‚ in the long run they saved companies money. The companies saved money by making or purchasing a computerized system by reducing paper usage and employee overtime. Since employees did not have to spend there time doing paper work‚ they could do their jobs faster and more efficiently. This gave the employees more time to do other
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that identifies the critical item if it is low or not. The “transaction” table is where the system stores data regarding individual transaction while “item_trans” table focuses on list of items and its total price. 7.2 System Function 7.2.1 Physical Data Flow Diagram Fig. 7.2.1 Physical DFD The system mainly consists of functions for sales and inventory management. A customer orders an item and the system checks the inventory by accessing the master item table. New items can be added by the management
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Systems techniques are tools used in the analysis‚ design‚ and documentation of system and subsystem relationships. They are largely graphical (pictorial) in nature. Systems techniques are used by accountants who do systems work. Documentation includes the following types of tools: Narratives (written descriptions) Flowcharts Diagrams Other written material For this subject‚ we only need to discuss two (2) of the most common documentation tools: Data flow diagrams Graphical descriptions
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It is the sum of all financial records of salaries for an employee‚ wages‚ bonuses and deductions. Some employees may be paid a steady salary while others are paid for hours worked. All of these different payment methods are calculated by a payroll specialist and the appropriate paychecks are issued. By law‚ employers are required to pay employees for their services rendered; through the payroll system‚ the processing of this payment is possible. There are several ways on how to process a payroll.
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ABSTRACT The Computerized Enrolment System was proposed in replacement of the manual process of enrollment in public high schools for it to have an organized flow of transaction and an ease of work. The study is concerned on how the manual enrolment performs throughout the company’s transaction. The numerous transactions that the manual system covers‚ such as updating and adding student records‚ generating the advising and assessment slips‚ and the like are commending the manual enrolment system to be inefficient
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Capstone Project Title Computerized Enrollment System for Sto. Niño Academy Broad and Specific Areas or Type of Investigation The proposed system (A Computerized Enrollment System for Sto. Niño Academy) is a Computer Based System under the category of Enrollment System (ES). Currently‚ Sto. Niño Academy is utilizing manual system in processing students’ transactions during enrollment. The study aims to provide solutions to these problems that the school is experiencing every enrollment
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Rationale Inventory systems are tracking systems that inform the amount of raw materials‚ supplies or final products have readily available. Updated each time you sell an item or use raw materials to create and to know what you available for the following day or week. This type of system allows ordering products in advance‚ so you have everything you need at all times. Man has come along his way in doing business transactions with each other. Inventory system put you a head in game
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computer base system is commonly used by company and institution and one of this is computerized enrollment system. Computerized Enrolment System is the must have system in school. It is a convenient way of storing and retrieving information of a student that provide more easy way of enrolling. One of the schools that badly needed this Computerized Enrolment System is Banate National High School‚ located at Brgy. Bularan‚ Banate‚ Iloilo. At this computer age‚ they are still practicing the manual procedure
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