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The Importance and Role of Computerized Accounting Systems in Merchandising Businesses
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A 50 page paper discussing the value of computerized accounting systems in merchandising businesses. Certainly merchandisers were able to conduct their businesses without the aid of computers in years past, but only with the services of those whose sole responsibility was to pour over “the books” in varying capacities. Also a concept of the past, information technology (IT) systems formerly were seen as repositories only of historical data used primarily for record keeping. That view is as outdated as the means by which retailers operated only a generation ago, however. Computerized accounting systems can help the firm to operate more efficiently in terms of accounting duties, but they also can directly and positively affect the firm’s competitive position in its industry. Activity-based costing; inventory control; inventory policy; inventory turnover; e-accounting; reflection of true costs; effective and accurate records; test marketing approaches and results; greater internal efficiency; and pricing experiments are only a few of the areas in which computerized accounting systems have value for the merchandising business. Bibliography lists 20 sources.
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Pages:
50
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Filename:CC6_KSacctAutoMerch.rtf |
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Paper Title:
The Importance and Role of Computerized Accounting Systems in Merchandising Businesses
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