Assume you are the owner of a small CPA practice in a major metropolitan area.
Assume you are the owner of a small CPA practice in a major metropolitan area. You have six professional employees, of which 2 are relatively new CPAs recent graduates from UMUCand an experienced office manager. In the past, your practice consists primarily of tax and advisory services, but you want to expand the practice.
Based upon your desires to expand the practice, you have found a potential new client. This acquisition will increase the number of homeowners to The new client is interested in using a single automated accounting information system that will be able to perform the following functions: Billing — Each month, the system will generate an itemized bill for each homeowner.
Late fees are 20 percent per month of the unpaid balance. The bills are mailed the 25th of each month and payment is due by the 10th of the following month. It is expect that the client will have roughly 20 full-time employees and 30 part-time employees.
Employees will be paid on a bi-weekly basis. It is expected that the system will be able to handle any and all reporting, including periodic financial statements. Currently two of the four HOAs including the client are using an automated accounting system Sage and QuickBookswhile the others are using Microsoft Excel to perform its accounting functions.
Per this, you can see why the client will want to move to a single system. The client is using QuickBooks, but is open to using another system.
As the owner o the CPA firm, you are excited by this opportunity because it is a way to expand your practice, but this is an opportunity that is very new to you.
As the result of this opportunity, you have asked your lead CPA to develop a document that will help you to determine if you should proceed with this opportunity. You have given your resources 4 weeks to complete this assignment.
Using the methodology developed in this course, document and illustrate the system from an automated function viewpoint. As part of your documentation, you will need to identify the specific system requirements in the areas of inputs, outputs, and controls for each of the service areas.
You will be also required to provide mock-ups of sample forms, documents, and reports. Your finish product will be a paper based upon the following outline: Executive Summary Section 3.ACCT Technology / Course Project The project will demonstrate your comprehension of accounting systems and your ability to effectively communicate in writing.
Assume you are the owner of a small CPA practice in a major metropolitan area. Students may receive credit for only one of the following courses: ACCT , BMGT , and BMGT See all ACCT courses. The discount for Federal employees and their spouses and eligible dependents will be applied to out-of-state tuition and specialty graduate programs.
ACCT Technology / Course Project The project will demonstrate your comprehension of accounting systems and your ability to effectively communicate in writing. Assume you are the owner of a small CPA practice in a major metropolitan area.
You have six professional employees, of which 2 are relatively new CPAs (recent graduates from UMUC), and an [ ]. ACCT - Technology Project(1) University of Maryland, University College ACCTTeachingGuide ACCT - Summer Register Now; ACCT - Technology Project(1) 16 pages.
Accounting Information System Writing Assignment 2 University of Maryland, University College. ACCT Technology Project - Accounting homework help; Studypool values your privacy.
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Anonymous. label Other. timer Asked: Oct 7th, Question description. Enter the email address associated with your account, and we. ACCT Writing Assignment #2 OVERVIEW OF PROJECT This project requires you to evaluate a PC-based accounting system to see how the system handles.