ACC308 Accounting Information Systems
Week 5 Discussion
DQ1 Employees and Payroll [WLOs: 1, 2, 3, 4] [CLOs: 3, 4]
Prior to beginning work on this discussion forum, read Chapter 9 in the course textbook. What are the advantages and disadvantages of using a company like Automatic Data Processing (ADP) to do payroll, versus completing it on your own in QuickBooks? Why would you want to track employee time against specific customer jobs? How does QuickBooks handle this functionality?
DQ2 Reports, Analysis and Interpretation [WLO: 5] [CLOs: 1, 5, 6]
Prior to beginning work on this discussion forum, read Chapter 9 in the course textbook. What is the difference between financial and managerial reporting? Discuss several of the reports available in QuickBooks. What would you look for in analyzing them, and why? How can ratio analysis be used to understand financial data and aid managerial decision-making?
