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Title:
Accountants And Accounting Software
Word Count:
513
Summary:
Accounting is the measuring, and disclosure or provision of
assurance about information that helps
managers and other decision makers make resource allocation
decisions. 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 well 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 information that helps
managers and other decision makers make resource allocation
decisions. 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 well as a Canadian
Accounting body of knowledge. In order to become an Accountant
an undergraduate degree is required and
then a period of articling is required which can take as long as
5 years with gruelling exams and anexhausting series of finals.
In her notes compiled in 1979, Professor Linda Plunkett of the
College of Charleston 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 developed a monetary system.
Evidence of accounting records can be found in the Babylonian
Empire (4500 B.C.), in pharaohs' Egypt and
in the Code of Hammurabi (2250 B.C.).
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Eventually, with the advent of taxation, record keeping became a
necessity for governments to sustain social
orders. Perhaps the most significant benefits to contemporary
accounting has been the introduction of
computer programs to assist in the accounting function.
Computer programs were introduced in business and government
organizations in the 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 bookkeeping process.
Different Accounting Software Solutions available today:
ACCPAC web-based accounting, launched the ACCPAC Online web site
in 1999 which allows end users to
run ACCPAC from a simple browser for a small monthly rental
fee.
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 version of
Great Plains Accounting Software.
Netledger centralized net computing renamed Oracle Small
Business Manager Peachtree. This product was
the older Peachtree Office Accounting product and is also a
web-based solution. In 2000, Peachtree added a
web-based module to its' flagship Peachtree Complete 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, immediately coming to mind is
confidentiality and the security of the Servers being 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 Gates favorite.
Advantages;
In-house control of everything but subject to limited
resources.
