Week 1 Dq

Week 1 DQs

DQ 1

How can an accounting information system add value to an organization’s processes and/or products? Explain in detail.

Accounting Information methods handle a lot of organizational activities at the Veterans Affairs (Where I work) which vary from accounting dealing processing methods to fiscal management planning and processing methods. For instance fiscal reporting starts at the operational stages of a business just like mine, in which the transaction processing methods get significant business activities for example usual manufacturing, buying, and sells. Accounting information methods makes it much simpler to summarize these kinds of dealings for internal decision making as well as for external fiscal reporting. Accounting Information methods provide companies the capability to monitor the expenses linked to the manufacturing of their items and services. Additionally, the Accounting methods enable companies to carry out advanced analyses to enable them to set aside resources more appropriately to eventually boost efficiency.

Week 1 DQ 2

What is some of the key information that is collected by your organization’s accounting information system, and how is it used? Explain in detail.

The Veteran Affairs gathers a lot of information with accounting information methods. The company works of different kinds of funds that are Federal Government Funds, Limited state funds and donations. These are received for the obvious to determine the funds the business needs to operate during the financial year and to decide if the business must lobby for further financing. The Veteran Affairs is a medical facility for that reason must take into account a variety of drugs. Drugs are properly loaded and monitored in several variations of the accounting methods since some have particular codes if they are controlled. The other big thing is account physicians and nurses, a CPA method makes it easy to account for them since they all swipe in it lets...