The computer has become an indispensable lifeline at professional workplaces. Facilities that deal with databases and information depend on computational devices to function. Even the scope of Accountancy does not escape the machine's boundaries. One of the similarities between accounting and computers is that they deal with "numbers". ACC539 task Answers accounting queries for faster performance.
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The use of computers for Accountancy has accelerated the process of calculation and report generation.
The first spreadsheet program was developed in 1979 by Dan Bricklin and Robert Frankston. The VisiCalc was capable of calculating over 63 columns and 254 rows. The Lotus 1-2-3 program, founded in 1983, became preferable for accountants as it included a higher number of rows and columns with graphs and data management. Graphical representation offers a comprehensive and detailed view of complex data structures in a simple form. The popular spreadsheet of the present is Microsoft Excel.
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Maintenance of the manual general ledger required adequate valuable time from accountants. For example, a slight imbalance in the balance sheet took days for an accountant to solve. But in the age of computers and technology, handling a general ledger is not more than entering its data. ACC539 Assignment Answers your requirement for different ledger management techniques.
The modules maintain transaction details, separate from the general ledger, which dealt with accounts and transactions. Once the invoices are placed and the successful payment, the payable accounts and money transfer into the general ledger. The separate modules like inventory or dues can still operate apart from the general ledger.
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The latest application-specific programs function according to the needs of their industries. Therefore, the design depends upon the needs and purpose of the client organization. Application-specific AIS programs operate at a breakneck pace and are user-friendly.
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Accountancy deals with numbers, and its calculations require precision. Computers can outperform the workforce as it can undergo several calculations in a limited time.