| Accounting is the measuring, and disclosure | | | | |
| or provision of assurance about information | | | | Accounting is tied to the invention and |
| that helps managers and other decision makers | | | | dissemination of the double entry bookkeeping |
| make resource allocation decisions. | | | | process.Different Accounting Software |
| | | | Solutions available today: |
| How to become an Accountant. | | | | |
| | | | ACCPAC web-based accounting, launched the |
| Accountants in the US are called Certified | | | | ACCPAC Online web site in 1999 which allows |
| Public Accountants and in the UK and Canada | | | | end users to run ACCPAC from a simple browser |
| are called Chartered Accountants. Chartered | | | | for a small monthly rental fee. |
| Accountants in Canada are expected to know | | | | |
| all US CPA knowledge as well as a Canadian | | | | Intuit's QuickBooks for the Web represents a |
| Accounting body of knowledge. | | | | new product from scratch. Microsoft Small |
| | | | Business Manager is a new player on the block |
| In order to become an Accountant an | | | | which is a scaled down version of Great |
| undergraduate degree is required and then a | | | | Plains Accounting Software. Netledger |
| period of articling is required which can | | | | centralized net computing renamed Oracle |
| take as long as 5 years with gruelling exams | | | | Small Business Manager Peachtree. |
| and an exhausting series of finals. | | | | |
| | | | This product was the older Peachtree Office |
| In her notes compiled in 1979, Professor | | | | Accounting product and is also a web-based |
| Linda Plunkett of the College of Charleston | | | | solution. In 2000, Peachtree added a |
| S.C., calls accounting the "oldest | | | | web-based module to its' flagship Peachtree |
| profession"; in fact, since prehistoric times | | | | Complete Accounting product called Peachtree |
| families had to account for food and clothing | | | | Web Accounting. |
| to face the cold seasons. Later, as man began | | | | |
| to trade, we established the concept of value | | | | SAP mySAP - web-based accounting featuring a |
| and developed a monetary system. | | | | limited number of SAP modules. |
| | | | |
| Evidence of accounting records can be found | | | | So it appears that there are 2 different |
| in the Babylonian Empire (4500 B.C.), in | | | | types of Accounting Software: |
| pharaohs' Egypt and in the Code of Hammurabi | | | | |
| (2250 B.C.). Eventually, with the advent of | | | | Web Based Accounting: which is one |
| taxation, record keeping became a necessity | | | | application on a Web Server running |
| for governments to sustain social orders. | | | | everybody's application. |
| | | | |
| Perhaps the most significant benefits to | | | | There are of course advantages and |
| contemporary accounting has been the | | | | disadvantages to this type of application, |
| introduction of computer programs to assist | | | | immediately coming to mind is confidentiality |
| in the accounting function. Computer programs | | | | and the security of the Servers being used as |
| were introduced in business and government | | | | well as possible breakdowns. |
| organizations in the 1950s, and the most | | | | |
| important applications of computers have been | | | | Advantages are of course in being able to use |
| in the areas of record keeping, balancing , | | | | unlimited Server Resources. And then there is |
| and transaction recording. | | | | PC Based accounting which everybody has tried |
| | | | and is Bill Gates favorite. |
| Accounting uses various bases of measurement, | | | | |
| mainly the cash basis, the accrual basis (or | | | | Advantages; |
| historical cost) and variations of these; all | | | | |
| of these functions are greatly assisted by | | | | In-house control of everything but subject to |
| the use of various accounting software | | | | limited resources. |
| programs. | | | | |