Accounting System Process |Melbourne Australia | Accounting Verse

Executive Summary Accounting System Process

Accounting System Process | Melbourne Australia | Accounting VerseAccounting System Process is considered as an integral aspect in an organisation depending on which the entire selling, production, billing process are depended. Importance of this process is to be judged by evaluating this assignment topic and questions appropriately and effectively. Accounting and statistical calculations through excel software in order to analyse the financial report and financial position of a company for particular period effectively and efficiently. 

Introduction

Accounts play a very crucial role in any organization. It helps the organization to keep a close watch on its assets, the profit is making, and the losses it is going through. All the transaction of money can track by keeping an accountant.

Assessment item 1:

Q1 Plagiarism:

Plagiarism is defined as the taking credit of work of another person and giving own label to it. The work can range from copying songs writing or even idea of another person and claiming it for ourselves. The source of can vary from book, websites television articles etc. it is very important for a person when they borrow idea of another person they should mention the source of the information.  It is very unfair to the honest students. This seriously disturbs their mind. If the honest students does not gets credit for their hard work it can hamper the quality of their work.

Q2 Pasting spreadsheets in doc files

There are two main methods to paste spreadsheets in the doc files. They are listed below:

  1. Copy paste method:

Step1. The first step is to select and copy the area of spreadsheet which we desire to copy in the doc file and then press ctrl+c to copy.

Step2.  The next step is to select the doc file where the spreadsheet is to be copied and press ctrl+v.

 

  1. Insert object method:

Step1: first open the doc file and press option. Then choose the object dropdown button and select the object

Step2 : the next is to press the create from file tab and then click the browse button to choose the desired file.

 

step3  : after selecting the two check box will appear. Press the link to file button and press OK.

Accounting System Process |Melbourne Australia | Accounting Verse

Q3 Accounting resources on the Internet:

The four accounting resource on the internet are given below:

  1. https://www.accc.gov.au/. Its primary goal is to make sure that any individual or any organisation can fair trading and competition in the Australia.
  2. 99assignmenthelp.com.asic.gov.au/.  It contributes to the reputation of the Australian  economy by ensuring the trading in Australian market is very transparent and fair.
  • https://www.ato.gov.au/. It focuses on building necessary cultural change aligned with the clients requirement.
  1. https://www.cpaaustralia.com.au/. It helps the people to build their careers in the professional accounting.

Q4 Professional accounting bodies:

CPA happens to be the biggest accounting body in the world. It has employees in over more than 100 countries. It only hires that candidate who possess in depth knowledge of accountancy. In the world of professional accountants it is one of the most reputed organisations.

Q5 Work Integrated Assessment:

The concept of the work integrated assessment states about the experience within the job where the task which is given to them is closely aligned with the conditions. A model named as a six dimension model is used to analyze this concept. The dimensions consist of time, audience, data, collaboration, structure and review. The details of the model are given below:

  • Time: the first dimension states that the time cannot be controlled by the person. The people have to deliver their task within the given deadline.
  • Audience: the second dimension states that the audience is somehow aligned in some way or the other with a given module.
  • Data: in the professional world the data given to the employees are very much messed up and rarely comes in a standardized form. For this reason the data should be properly interpreted
  • Collaboration: when a group of employees works in team and has sufficient collaboration among them the productivity of the work increases dramatically.
  • Structure: when the employees are exposed to a light structure of the work, it eases their task to reach their goals.
  • Review: a review of the assessment helps the employees to enhance their productivity of their work.