Accounting System and Process Answer 1: Plagiarism

Accounting System and Process
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Answer 1:
Plagiarism is a punishable offense by the educational universities that refers to the
adoption of other people work and submitting them as their own. Plagiarism is regarded as
punishable as it result in being unfair to honest students by giving them reduced marks in
compassion to other students who can achieve good marks through copying other people
work (Porter and Norton, 2014).
Answer 2:
The two different ways of copy and paste:
a) Select the desired area and press copy in the excel sheet. After that in word document
paste as special.
b) Other way is to copy the whole sheet in excel and paste in word document as an
object.
In order to view the formula in excel, do the following:
a) Firstly select the sheet you want to view as formula view
b) Click on the formula tab in the menu bar
c) Click on the show formula
Spreadsheet with normal view:
Average of the numbers
Averag
e
545 546 547 548 546.5
546 547 548 549 547.5
547 548 549 550 548.5
548 549 550 551 549.5
549 550 551 552 550.5
Addition 2735 2740 2745 2750 2742.5
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Spreadsheet with formula view:
Average of the numbers Average
545 546 547 548
=AVERAGE(B3:E
3)
546 547 548 549
=AVERAGE(B4:E
4)
547 548 549 550
=AVERAGE(B5:E
5)
548 549 550 551
=AVERAGE(B6:E
6)
549 550 551 552
=AVERAGE(B7:E
7)
Additio
n
=SUM(B3:B
7)
=SUM(C3:C
7)
=SUM(D3:D
7)
=SUM(E3:E
7) =SUM(F3:F7)
Answer 3:
The five web sites relevant to accounting together with their URLs:
http://www.accountingcoach.com/ : This website provides information to students and
businesses regarding the skills and expertise required for working in the accounting field. It
helps the readers in developing an understanding of the various important accounting
terminologies. Thus, it provides vast information to the business owners and other people
who are interested to develop a career in the field of accounting.
http://www.sleeter.com/ : The website aims to provide assistance to the accounting
professionals by resolving their queries and problems. The website has over 600 accounting
professionals for providing consultation to the professionals interested in developing a career
in accounting.
http://www.deardrebit.com/ : The website serves as an inline platform for various accounting
professional to discuss about the accounting and financial issues.
http://daily.financialexecutives.org/financial-reporting/ : The website provides latest news
and information about the accounting issues to the financial executives.
https://www.economist.com/?corporate%20accounting : It provides information related to the
world politics, business and finance.
Answer 4:
The online website of CPA Australia is recognized as world’s largest accounting body
in Australia with global membership of about 160,000 members. The online link to the
website is:
https://www.cpaaustralia.com.au/about-us
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The Professional Resources section within this website provides assistance to the
accounting professionals about various accounting topics such as financial reporting,
superannuation and many others.
Answer 5:
The business organizations are incorporating the use of latest and efficient computer
devices for performing their operational activities rapidly and thus to stay competitive. As
such, the business organizations are placing large focus on developing an effective computing
environment within their workplaces for enhancing the efficiency of their business
operations. My previous workplace was an IT company that has adopted the use of ERP
(Enterprise Resource Planning) software. The ERP is management software that enables
business organizations to manage and control their operational activities through the use of
system of integrated applications. The use of ERP in my previous workplace has proved to
very beneficial in integrating its various business processes and thus perfuming them
efficiently within a short span of time. The most important feature of the ERP was that it
provides a shared database for supporting various operational functions of different business
units of an enterprise. My last organization has various business units and therefore the use of
ERP enabled it to streamline the business process of its various units by sharing information
across the various departments quickly. The use of ERP had helped in managing the internal
and external resources of the organization effectively such as physical assets, human capital
and financial resources. The organization uses ERP in all of its core business activities such
as product planning, manufacturing, logistics, purchasing and sale. As Such, ERP has
enabled the organization to align its multiple business processes and thus increasing their
operational efficiency. The better synchronization and automation of operational processes
through the use of ERP has helped to a large extent in improving its productivity and sales
through improving customer relationship management. Thus, the computing environment in
my previous workplace was very efficient as all the operational processes were automated
that helped in faster communication and reducing the manual work (Abraham, Baets, Koppen
and Nickolay, 2006).
Answer 6:
1. Major financial reports and their Purpose
The major financial reports developed by a business entity along-with their purposes
are discussed below:
 Statement of Financial Position: The statement of financial position or balance sheet
provides the information related to the assets, liabilities and equity structure of an
entity as per a specific period of time. The main purpose of the balance sheet
developed by an entity is to disclose the financial information related to its liquidity
and capital structure.
 Income Statement: It is regarded to be the highly important financial statement as it
discloses the financial facts and figures about the revenue, expense and profit or loss
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