devry acct251 all weeks discussions latest 2105 [ all 14 discussions ]

| June 11, 2016

Question
week 1

Underestimating/Overestimating Peachtree (graded)
Automated accounting information systems, such as Peachtree Complete Accounting 2010, are powerful business tools. Identify and discuss how we may overestimate or underestimate the power of accounting information systems such as Peachtree Complete Accounting 2010.

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Accounting Knowledge (graded)
Many of you have taken at least one accounting class prior to taking this class. Explain how a person’s understanding of accounting may help or hurt him or her in his or her use of automated accounting information systems like Peachtree Complete Accounting 2010.

week 2

Maintaining Vendor Relationships (graded)
As you know, maintaining a strong & dependable relationship with your vendors is crucial to your business. How can systems like Peachtree Complete Accounting 2010 help you to maintain this relationship?

Payment Options (graded)
Most businesses allow their customers to use a variety of options (credit cards, store credit, check, cash, or e-cash like PayPal) when making payments. What are some of the challenges in offering a wide variety of payment options for firms that use systems like Peachtree Complete Accounting 2010?

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week 3

Employee Data (graded)
Assume that you have employees who live in one state and work in another. How does this affect your set up and use of an automated accounting system such as Peachtree Complete Accounting 2010 for payroll processing?

Chart of Accounts (graded)
Most automated accounting systems provide you with a chart of account (general ledger) that is already established. What are the challenges in relying on a pre-established chart of account?

week 4

Job Costing Challenges (graded)
What are some of the challenges a bookkeeper will face when trying to utilize job costing in using Peachtree Complete Accounting 2010?
Financial Statements (graded)
You have created financial statements from your other accounting classes. These financial statements were created manually. How similar and/or different are these statements from the ones generated in an automated accounting system like Peachtree Complete Accounting 2010?

week 5

Journals & Ledgers (graded)
What are the similarities and differences between manual-based journals/ledgers and automated accounting system journals/ledgers?

Closing the Books (graded)
As you close your books, what source document(s) are needed to help your close your books in an automated accounting systems?

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week 6

Data Needed for Purchasing Activities (graded)
In order to .homeworkminutes.com/question/view/79251/devry-acct251-week-5-and-week-6-discussion-latest-2015#”>purchase goods & services via an automated accounting system, we know that vendor data must be created correctly in Peachtree. Identify and discuss what is needed to be set-up correctly in Peachtree Complete Accounting 2010.
Data Needed for Sales Activities (graded)
In order to sell goods & services via an automated accounting system, we know that customer data must be created correctly in Peachtree. Identify and discuss what additional is needed to be set-up correctly in Peachtree Complete Accounting 2010

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week 7

Selection of an Inventory Method (graded)
There are several inventory methods that a firm can choose to use. How does a firm’s business type affects its selection of an inventory method in automated systems like Peachtree Complete Accounting 2010?

iss 2
Payroll Reference Data (graded)
In order to process payroll correctly in an computerized accounting system, there are some important reference tables that must be updated on a periodic basis. Identify at least two key tables and explain their importance.

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