Core Concepts of Accounting Information Systems (NEW!!)
Core Concepts of Accounting Information Systems (NEW!!)
14th Edition
ISBN: 9781119373667
Author: Mark G. Simkin; James L. Worrell; Arline A. Savage
Publisher: WILEY
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 5, Problem 1TY
To determine

Indicate the facility which the software costing only a few hundred dollars in not likely to provide.

Expert Solution & Answer
Check Mark

Answer to Problem 1TY

Option c

Explanation of Solution

Integrated Accounting Software: The accounting software, where several separate accounting processes are bundled in the same package, is referred to as an integrated accounting software. Most types of accounting transaction can be processed by this software.

Option c: Though this is less expensive, many small businesses does not know to use this software, and obtain the greatest value from these products. So, all the information that are needed to optimize supplier and customer relationships is not provided by this software. Hence, this is the correct option.

Conclusion

As per the above explanation, the other options are not correct and therefore, the facility which the software costing only a few hundred dollars in not likely to provide is option c. provide all the information needed to optimize customer and supplier relationships.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Responsibility Accounting| Responsibility Centers and Segments| US CMA Part 1| US CMA course; Master Budget and Responsibility Accounting-Intro to Managerial Accounting- Su. 2013-Prof. Gershberg; Author: Mera Skill; Rutgers Accounting Web;https://www.youtube.com/watch?v=SYQ4u1BP24g;License: Standard YouTube License, CC-BY