Doc5.edited (1).docx - Corporate and Business Reporting PO6 – RECORD AND PROCESS TRANSACTIONS AND EVENTS Description You use the right accounting

Doc5.edited (1).docx - Corporate and Business Reporting PO6...

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Corporate and Business Reporting PO6 – RECORD AND PROCESS TRANSACTIONS AND EVENTS Description You use the right accounting treatments for transactions and events. These should be both historical and prospective – and include non-routine transactions. Elements a Implement or operate systems to record and process accounting data using emerging technology where appropriate or feasible. Implementation of the system which process accounting data using the emerging technologies is not an issue of good luck. It requires good design, planning and management by the team of professionals to ensure it is successful. To ensure that this is realized, specific steps are followed which include analysis of the plan to have good insight about it. It is then followed by the design, training of the professionals, implementation of the technology and finally ongoing support and monitoring. The concentration of the implementation project is to narrow down the goals to ensure that it meets the accounting requirements. Issues relating to errors and
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  • Spring '16
  • professor Dosa

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