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Essay / Research Paper Abstract
A 50 page paper discussing the value of computerized accounting systems in merchandising businesses. Certainly merchandisers were able to conduct their businesses without the aid of computers in years past, but only with the services of those whose sole responsibility was to pour over “the books” in varying capacities. Also a concept of the past, information technology (IT) systems formerly were seen as repositories only of historical data used primarily for record keeping. That view is as outdated as the means by which retailers operated only a generation ago, however. Computerized accounting systems can help the firm to operate more efficiently in terms of accounting duties, but they also can directly and positively affect the firm’s competitive position in its industry. Activity-based costing; inventory control; inventory policy; inventory turnover; e-accounting; reflection of true costs; effective and accurate records; test marketing approaches and results; greater internal efficiency; and pricing experiments are only a few of the areas in which computerized accounting systems have value for the merchandising business. Bibliography lists 20 sources.
50 pages (~225 words per page)
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Unformatted sample text from the term paper:
Introduction 2 Activity-Based Costing 3 Increasing Profitability 4 Where it can be Useful 5 Possible Problems with Conversion 8 Management Accounting in the Convenience Store 9 How the Software Helps 11 Controlling Inventory Costs 13 Pricing Considerations 13 Product 14
Price 14 Distribution 16 Promotion 16 Supply and Demand 18 The Effect of Increasing Price 21 Considering Price Elasticity 24 Test Marketing 27 Business Processes 28 Accounts Payable 28 Traditional Approach 28 An Automated Process 30 E-Accounting 35 Inventory Management 37 Tax Reporting 42
Financial Reporting 42 The Business Manager 43 The IS Director 43 Computer-Assisted Audit Tools and Techniques 47 Business Information Retrieval and Analysis 49 Fraud Detection 50 Conclusion 51 Introduction
Certainly retailers and other merchandisers were able to conduct their businesses without the aid of computers in years past, but only with the services of those whose sole responsibility was
to pour over "the books" in varying capacities. Business was much simpler in those years as well. Of course retailers of all types were obliged to operate under
the principles of sound business practice, but business did not approach the level of competitiveness that exists in todays markets. Not only is business more competitive than ever in
todays environment, competition continues to intensify well beyond the point several years ago that anyone would have thought it could have attained. Also
a concept of the past, information technology (IT) systems formerly were seen as repositories only of historical data used primarily for record keeping. That view is as outdated as
the means by which retailers operated only a generation ago, however. In todays business environment, IT systems still provide the means for storing historical data, but increasingly IT is
called upon to add real value to the organization. Today, IT is required to take a leading role in actively contributing to enhancing the organizations competitive advantage. Computerized