Assignment: Computerized Accounting
Write 500 - 750 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Your client, Farm Branch Rentals has requested a meeting with you to discuss the process of converting from a manual to a computerized accounting system. Farm Branch Rentals has reviewed the material that you have given to them with the comparison of the different types of software that are available and have decided to make the transition to the computerized system you recommended in Unit 1 DB2. They are hesitant and want to know if this change would be worth the effort.
For full credit prepare a 500 - 750 word memo in which you outline the following topics:
• What are the major steps in converting from a manual to a computerized accounting system?
• What documents and information will you need to convert to the computerized system?
• What are the Internal Controls that need to be implemented?
• Explain in detail the following:
o how to set up the new company within the system
o entering chart accounts
o entering balances for the trial balance
o reports used to reveal the above requested information
• What are your personal thoughts on the software and the affect it will have on accounting within the company?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.