How to generate the quarterly balance sheets


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Integrating Information You are currently working for the Public Transportation Department of Chatfield. The department controls all forms of public transportation including buses, subways, and trains. Each department has about 300 employees and maintains its own accounting, inventory, purchasing, and human resource systems. Generating reports across departments is a difficult task and usually involves gathering and correlating the information from the many different systems. It typically takes about two weeks to generate the quarterly balance sheets and profit and loss statements. Your team has been asked to compile a report recommending what the Public Transportation Department of Chatfield can do to alleviate its information and system issues. Be sure that your report addresses the various reasons departmental reports are presently difficult to obtain as well as how you plan to solve this problem.

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Accounting Basics: How to generate the quarterly balance sheets
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