BSA 310 Week 3 Supporting Activity Accounting Terms and Concepts

Resources: SkillSoft (2012). Principles of Accounting and Finance for Non-financial Professionals.

Complete The Course Overview and Basic Accounting Terms and Concepts modules in Skillport.

Write an informative memo to a business owner that is beginning to grow. Explain how owner’s equity can be determined.

Answer the following questions in the memo in 200 to 300 words each:

What role do accounting systems play in the modern enterprise? How has the development of complex IT systems affected accounting work?

Discuss the need to integrate accounting systems with those in the rest of the enterprise. Why would such systems need to have constant data feeds from throughout the enterprise?