Accountants and Accounting Software

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Accountants and Accounting Software

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Title: Accountants And Accounting Software Word Count: 513 Summary: Accounting is the measuring, and disclosure or provision of assurance about info rmation that helps managers and other decision makers make resource allocation d ecisions. How to become an Accountant. Accountants in the US are called Certified Public Accountants and in the UK and Canada are called Chartered Accountants. Chartered Accountants in Canada are expected to know all US CPA knowledge as wel l as a Canadian Accounting body of knowledge. In order to become an Accou... Keywords: accounting software,accountants Article Body: Accounting is the measuring, and disclosure or provision of assurance about info rmation that helps managers and other decision makers make resource allocation d ecisions. How to become an Accountant. Accountants in the US are called Certified Public Accountants and in the UK and Canada are called Chartered Accountants. Chartered Accountants in Canada are expected to know all US CPA knowledge as wel l as a Canadian Accounting body of knowledge. In order to become an Accountant a n undergraduate degree is required and then a period of articling is required wh ich can take as long as 5 years with gruelling exams and an exhausting series of finals. In her notes compiled in 1979, Professor Linda Plunkett of the College of Charle ston S.C., calls accounting the "oldest profession"; in fact, since prehistoric times families had to account for food and clothing to face the cold seasons. Later, as man began to trade, they established the concept of value and develope d a monetary system. Evidence of accounting records can be found in the Babyloni an Empire (4500 B.C.), in pharaohs' Egypt and in the Code of Hammurabi (2250 B.C .). Eventually, with the advent of taxation, record keeping became a necessity for g overnments to sustain social orders. Perhaps the most significant benefits to co ntemporary accounting has been the introduction of computer programs to assist i n the accounting function. Computer programs were introduced in business and government organizations in th e 1950s, and the most important applications of computers have been in the areas of record keeping, balancing , and transaction recording. Accounting uses various bases of measurement, mainly the cash basis, the accrual basis (or historical cost) and variations of these; all of these functions are greatly assisted by the use of various accounting software programs. Accounting is tied to the invention and dissemination of the double entry bookke eping process.

Different Accounting Software Solutions available today: ACCPAC web-based accounting, launched the ACCPAC Online web site in 1999 which a llows end users to run ACCPAC from a simple browser for a small monthly rental f ee. Intuit's QuickBooks for the Web represents a new product from scratch. Microsoft Small Business Manager is a new player on the block which is a scaled down vers ion of Great Plains Accounting Software. Netledger centralized ree. This product was a web-based solution. ip Peachtree Complete net computing renamed Oracle Small Business Manager Peacht the older Peachtree Office Accounting product and is also In 2000, Peachtree added a web-based module to its' flagsh Accounting product called Peachtree Web Accounting.

SAP mySAP - web-based accounting featuring a limited number of SAP modules. So it appears that there are 2 different types of Accounting Software: Web Based Accounting: which is one application on a Web Server running everybody 's application. There are of course advantages and disadvantages to this type of application, im mediately coming to mind is confidentiality and the security of the Servers bein g used as well as possible breakdowns. Advantages are of course in being able to use unlimited Server Resources. And then there is PC Based accounting which everybody has tried and is Bill Gate s favorite. Advantages; In-house control of everything but subject to limited resources.

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