About This Chapter
Software for Managerial Accounting- Chapter Summary and Learning Objectives
Software can help in many different accounting processes. There are also drawbacks to some accounting software programs. It is important to understand the available accounting software in order to use it properly. This chapter provides an overview of software for managerial accounting. The instructors in this chapter will use brief video and text lessons to explain these programs and help you learn their characteristics. Quizzes are also available in each lesson to help you gauge your knowledge of the subject.
- The benefits and limitations of accounting software
- Uses of enterprise software
- Different types of transaction processing systems
- What supply chain management is and how it is important
- How management information systems can help managers make decisions
- What systems are designed for upper-level management
- Database and spreadsheet programs
- Ways to use quick analysis in Excel
|Computerized Accounting Software: Advantages & Disadvantages||Compare and contrast the strengths and weaknesses of different accounting software.|
|Enterprise Software for Business Applications||Distinguish how this tool can help workers share information.|
|Transaction Processing Systems (TPS): Batch and Real-Time Systems||Outline the different types of transaction processing systems.|
|Supply Chain Management in the Business, Supplier & Customer Network||Calculate how supply chain management has the ability to cut costs and improve customer service.|
|Management Information Systems (MIS): Manager Decision-Making Tools||Critique the reports that can be generated by management information systems.|
|Applications of Management Information Systems (MIS): Financial, Marketing, Manufacturing & Human Resources||Connect the applications of management information systems.|
|Executive Information Systems (EIS): Upper Management Decision-Making Tools||Consider how this tool can help managers make decisions.|
|Database and Spreadsheet Software: Excel, Access, dBase & Lotus 1-2-3||Assess the strengths of these software programs in manipulating data.|
|Quick Analysis in Excel||Survey this tool and its ability to add charts to your worksheet.|
1. Computerized Accounting Software: Advantages & Disadvantages
With business as complex as it is today, adopting computerized accounting software seems like the right choice. Even the most sophisticated computer programs have advantages and disadvantages. We will explore these in this lesson.
2. Transaction Processing Systems (TPS): Batch and Real-Time Systems
Transaction processing systems capture and process the detailed information necessary to update data on the fundamental operations of an organization. Learn about the characteristics of different types of systems in this lesson.
3. Executive Information Systems (EIS): Upper Management Decision-Making Tools
An Executive Information System is a specialized information system used to support senior-level decision making. Learn how senior management uses an executive dash board to keep a close eye on how well their organization is doing.
4. Database and Spreadsheet Software: Excel, Access, dBase & Lotus 1-2-3
Spreadsheet software and database software are both used to organize and manipulate data. Each application has its own unique strengths. Learn about the functionality of both types of software.
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Other chapters within the Accounting 301: Applied Managerial Accounting course
- Corporate Governance for Managerial Accounting
- Financial Statements & Balance Sheets
- Cost Classifications
- Manufacturing Overhead Cost Allocation
- Job Order Cost System
- Process Cost System
- Activity-Based Costing
- Cost-Volume-Profit Analysis
- Decision Making in Managerial Accounting
- Pricing Objectives & Methods
- Budgetary Control
- Standard Costs
- Capital Budgeting
- Statement of Cash Flows
- Financial Statement Analysis
- Required Assignments for Accounting 301
- Studying for Accounting 301