-
Kaplan (2021), Business
and Technology, Kaplan Publishing
All of your work must be based on reliable research and have 10 different sources within it. Please ensure you use both direct and indirect citations. You must reference all sources used in your work, using the Harvard Referencing Guide from CCCU.
Word Count (2,000
words +/ –10%)
The essay should have 2000 words exclusive of the cover
and reference pages. You are required
to produce an essay using a variety
of research materials, which must be properly referenced in accordance
with the CCCU/Harvard Referencing style.
Your report needs to include the following:
From:
To:
Subject:
Date:
1. Introduction
(approx. 200 words)
·
Introduce yourself as a junior
accountant and clearly state the purpose and structure of the report.
· Introduction
should briefly cover what you have written in your report.
2. Manual
Accounting Systems (approx. 300 words)
· Define
manual accounting systems and describe their components and processes.
· Discuss the
advantages and disadvantages of manual accounting systems in terms of accuracy,
efficiency, reliability, and security.
· Provide
real-world examples or case studies illustrating the use of manual accounting
systems.
· Analyse the
limitations and potential risks associated with manual accounting systems.
3. Computerized
Accounting Systems (approx. 300 words)
· Define
computerized accounting systems and explain their key features and
functionalities.
· Discuss the
benefits of computerized accounting systems in terms of accuracy, efficiency,
reliability, and security.
· Introduce
Excel as a computerized accounting tool and highlight its main features and
capabilities.
· Demonstrate
the process of setting up a computerized accounting system using Excel,
including creating worksheets, entering data, and using formulas and functions
for calculations.
· Illustrate
the functionalities of Excel for generating financial reports, analysing data,
and automating repetitive tasks.
4. Comparative
Analysis (approx. 600 words)
· Compare and
contrast manual and computerized accounting systems based on numerous factors,
including accuracy, efficiency, reliability, security, and cost.
· Analyse the
impact of implementing a computerized accounting system using Excel on
businesses, considering factors such as time savings, data accuracy, and
decision-making capabilities.
· Evaluate the
potential challenges and risks associated with transitioning from a manual to a
computerized accounting system.
·
Provide examples or case studies of
businesses that have successfully implemented Excel as a computerized
accounting tool, highlighting the benefits achieved for Very and co and any
other examples from the industry.
5. Review and analyse the information you have calculated from your
client financial information (400
words)
· Your analysis
must be about the calculated ratios.
· Provide suggestions
how the business can improve their ratios if they are struggling financially.
· Provide a
summary about the ratios you have calculated and what each ratio suggests and
interpret it in your words.
6. Conclusion
(approx. 200 words)
· Summarize
the main points discussed in the report, emphasizing the key differences and
benefits of computerized accounting systems, specifically using Excel.
· Reflect on
the potential advantages of introducing Excel as the new accounting tool for
the firm.
Discuss the future trends and advancements in computerized accounting
systems, considering the increasing role of technology and automation.
Your work must be based on the topic covered in class and reliable research as well as have 10 different sources from the reading list within it. Please ensure you use both direct and indirect citations.