May 9th, 2015
Studypool Tutor
Price: $10 USD

Tutor description


Word Count: 728
Showing Page: 1/6
DatabasesTeam BACC/340June 13, 2011Richard CalabriaDatabasesIn todays business society, technologies such as databases are a vital part of just about every major retail business including the Riordans organization. Many people overlook the importance of the role of databases in business because they are integrated so well. Databases definitely affect the output part of the accounting cycle because it includes companys financial data and other external reports that are derived from the database. The bottom-line is that databases can have a major impact on all of the accounting cycles.Capturing the Output - Financial statements and other external reports The output part of the accounting cycle is extremely important because the information must meet certain guidelines. Because external financial statements are used by a variety of people in a variety of ways, financial accounting has common rules known as accounting standards and as generally accepted accounting principles (GAAP) (Price, 2010). In order to meet such expectations the input (sales invoices, payroll time card, etc.) and Transaction Processing (journals, ledgers, trial balances) that proceed the output part of the accounting cycle must be accurate. Having a manager check the data inputted in the database versus the sales invoices, payroll cards, and other inputted data is a good way to ensure that the output will be accurate. Entity Relationship Diagram for the Output part of the

Review from student

Studypool Student
" 10/10 would recommend. Responsive and helpful. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors