explain why a business would want to set up an accounting system using special journals instead of using only a general journal to record transactions. What are the benefits of using a special journal system for a business that has a large number of transactions each month?

Overview Fordham and Hamilton evaluated a broad range of small businesses and found that a large majority are still using accounting practices that do not constitute true integrated computerized accounting systems. Read this article before you begin this assignment: Accounting Information Technology in Small Businesses: An Inquiry. Instructions In which you: Evaluate the findings Fordham and Hamilton presented in their paper. Propose additional reasons why small business owners are not using AIS in their businesses. Provide support to your arguments and proposals using additional materials. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all supports. Check with your professor for any additional instructions.

What accounts are considered temporary?  Describe the process to close these temporary accounts?  list the steps in the accounting cycle and describe the importance of each step ? What is liquidity?  What is solvency?  How are these evaluated in a business ?

Hello! Please help me answer the question and activity costs. they are both in bold. Thank you!! :)   Selecting Chart of Accounts The company’s accounting intern is new and has confused the Finn Corporation’s regular chart of accounts with the proposed chart of accounts for the lean accounting system. Review the charts of accounts on the Chart of Accounts I and Chart of Accounts II, and then answer the following question. Which chart of accounts should Finn Corporation most likely implement if they want to use lean accounting principles? (chart of accounts I, chart of accounts II, both will work equally well)     Question Content Area Cost of Quality Report This year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, and some of its records have been either partially or completely erased. The accounting intern for Finn Corporation has located a copy of a recent cost of quality…

Answer each of the questions below.  Due by Wednesday at 11:59 pm. What are a few of the main advantages of the use of special journals? Now that things are more computerized what happens to the special journal in a computerized accounting system that uses electronic forms? Do you feel that the computerized accounting system will soon take over the need for full time accountants?

Q: How do managers use accounting in day-to-day operations?  How have you used accounting in your work?  Where are all the places in a business firm that accountants could work?  (Think of all major areas in a large firm)  How can knowing more about accounting help you be a better manager?