Reference no: EM13670956
Part 1: Proficiency in Computerized Accounting (PCA)
You are the owner of an accounting practice that does monthly record keeping for several businesses. You have decided to use PCA as your computerized accounting system. Use the South University Online Library or the Internet to research PCA. Based on your research and understanding, answer the following questions:
• What are the steps to opening a new company in PCA?
• What information needs to be acquired prior to opening a new company in PCA?
• Which posting method should you choose: Real Time or Batch? What is the difference between the two? Which is preferable?
• Which accounting method should you choose: Accrual or Cash? What is the difference between the two? Which is preferable?
Part 2: Account Reconciliation
Step 4 in a PCA's computerized accounting cycle is Account Reconciliation. Based on your research and understanding of the PCA accounting system, answer the following questions:
• Why is account reconciliation important? Which accounts should be reconciled and how often should they be reconciled?
• Bank reconciliations require several steps of comparison between the bank records and the company records. What are the different steps of bank reconciliation in a manual environment and computerized environment?
• What kinds of discrepancies will be found between the bank records and the book records?
• How does timing affect the bank reconciliation and do these discrepancies ever need to be corrected?
Describe the legal environment of business
: Explain whether this situation is best handled by litigation or by a particular form of alternative dispute resolution and determine whether Ms. Greene is an independent contractor or a part-time employee. Provide a rationale for your response.
|
Different strategies announced by etisalat
: Objective of this section is to research different strategies announced by Etisalat to compete in the global market- objective of this section is to research different products, mobile applications, solutions, and services provided by Etisalat to co..
|
Maximize spencers monthly commissions
: What client mix will maximize Spencer's monthly commissions, assuming he works 200 hours per month - what are the activity - cost driver rates for the supervision of direct labor, machine maintenance, and facility rent.
|
Evaluate the market anticipated performance
: Does the current share price reflect the "Street's assumptions on projected cash flows and what revenue growth rate is the market ascribing to FoodCo?
|
What are the steps to opening a new company in pca
: Bank reconciliations require several steps of comparison between the bank records and the company records. What are the different steps of bank reconciliation in a manual environment and computerized environment?
|
Describe how firms can properly prepare for growth
: Describe how firms can properly prepare for growth and the most important factors for firms to focus on during each stage of growth.
|
The ponchon-savaret and mccabe-thiele methods
: Calculate the theoretical stages needed to separate a 10 mole% ethanol liquid saturated feed into a 80 mole% distillate and a 0.1 mole% bottoms at 1 atmosphere pressure.
|
Query evaluation and query optimization
: Explain what you understand by the terms Query Evaluation and Query optimization - Discuss the ways or strategies you can apply to improve the query performance
|
Estimation of three dimensional pressure
: Calculate the work done in breaking up a drop of petrol of volume 1 cm3 into 109 drops. Surface tension of petrol is given as 26 dynes/cm.
|