Computer Accountancy Institute

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Computer Accountancy Institute
Computerized Accounting - Not a Trend But a Requirement

In an extremely short span of time, computer has grown from a scientific curiosity to an essential tool of modem society. There is hardly any scientific/technical or company activity which is not in one method or the other, impacted by contemporary data processing methods.

The human mind can deal with only a limited number of things at a time. The digital computer, on the other hand, can be programmed to compare, measure, compute and assess countless readings in an exceptionally short time frame.

The computer industry has become the fastest growing industry these days. The sale of mainframe computers is increasing day by day. The computer industry has been additional rose by the introduction of small computer and micro computers which are small, low-cost, dependable and extremely light. These are being regularly utilized for process control, production testing, scientific instrument recording, in shop check out systems, in car test and assessing systems, and medical monitoring etc

. The advantages of Computerized Accounting seem to be unknown by entrepreneur and individuals who are in doubt of buying Accounting Software. Accounting Software has been a trend nowadays. With the huge Computerized System Providers and wide range of versions to select from, Accounting System has progressed to be one of the trends in information technology.

With the improvement of most current technology in Computerized Accounting, one can question why some entrepreneur particularly in the areas of Small and Medium Enterprises stay to be hesitant when convince to buy Accounting Software.

Computer accounting experts find employment in different industries and in accounting firms. They are employed in positions such as payroll clerk, auditing, bookkeeper and accounting clerk, billing and publishing clerk and statistical assistant.

Training beyond a high school education is required to acquire a job in this field. Employers, too, seek candidates with appropriate training and accreditation. Computer accounting training is offered at regional neighborhood colleges, and includes courses such as innovative book keeping, computer applications, introduction to company law, financial reporting, and applications such as Microsoft Excel, Microsoft Access and Quick Books.

A certificate, diploma or an associate program focusing on company practices, communication and organization with special emphasis on managing obligations, oral communication, analytic and operating industry-standard accounting software in addition to fundamental skills in computerized accounting covering topics such as micro computing and principles of accounting, can offer an individual with the needed skills to obtain employed and prosper in this field.

An accounting system is a collection of controls, processes and procedures created to collect, record, categorize and summarize financial data for interpretation and management decision-making. Done manually till the early 1980s, it has mainly been computerized with the development of fast computers and easy-to-use, precise and dependable software. It utilizes computers and accounting software to record, shop and examine financial data.

Like any accounting system, the primary purposes of computerized accounting are to keep precise records of financial transactions, spot and prevent frauds, prevent wastage and burglary and to produce dependable financial statements for the decision-makers.