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871-0639 Loc.112 College of Accountancy Academic Year 2017 - 2018

This document outlines a report comparing manual and automated (Accounter) financial statements. The report will include financial statements prepared manually and through Accounter, along with conclusions and recommendations on the differences between the two methods. Specifically, the objectives are to determine which method is more convenient, time efficient, and accurate, and to assess the usability of Accounter. Financial statements to be compared include the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows.

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Glennizze Galvez
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43 views4 pages

871-0639 Loc.112 College of Accountancy Academic Year 2017 - 2018

This document outlines a report comparing manual and automated (Accounter) financial statements. The report will include financial statements prepared manually and through Accounter, along with conclusions and recommendations on the differences between the two methods. Specifically, the objectives are to determine which method is more convenient, time efficient, and accurate, and to assess the usability of Accounter. Financial statements to be compared include the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows.

Uploaded by

Glennizze Galvez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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871-0639 loc.

112 College of
Accountancy
Academic Year 2017 - 2018

Group Name

Submitted by​:
Gardose, John Eduard
Alipustain, Mylan Pauline
Bindang Noogo, Elsa
Panganiban, Ellaine Mariel
Pimentel, Juan Miguel
Rosal, Leslie Ivy

Submitted to​:

Mr. John Kebyn M. Villarino

BSAT 3 & 4
871-0639 loc.112 College of
Accountancy
Academic Year 2017 - 2018

October 14 2017

Table of Contents
I. Title Page
II. Background of the Report
III. Objectives and Scope

IV. Manual Financial Statement


• Statement of Financial Position
• Statement of Comprehensive Income
• Statement of Changes in Equity
• Statement of Cash Flow

V. Accounter Financial Statement


• Statement of Financial Position
• Statement of Comprehensive Income
• Statement of Changes in Equity
• Statement of Cash Flow

VI. Conclusions
871-0639 loc.112 College of
Accountancy
Academic Year 2017 - 2018

VII. Recommendations

VIII.Annex
II. Background of the Report
As many professional accountants and auditors state – accounting is a language of
business which is accepted in all developed and developing countries. From this point
accounting can be divided into two basic categories: those which apply manual
accounting and those which prefer computerized accounting systems.

Manual Accounting has played a very useful role in the preparation of Financial
Statement and of course to the Accounting Cycle. Even though it is a modern world now
and everybody uses technology, still Manual Acxounting is relevant because some of the
steps in Accounting Cycle requires manual operation to proceed. Example of this are the
gathering and interprering of transactions in an entity which cannot be done by a system
or a program.

On the other hand, Automated/Computerized Accounting is the collection,


storage and processing of financial and accounting data used by internal users to report
information to investors, creditors and tax authorities. This is generally a computer-based
method for tracking accounting activity in conjunction with information technology
resources.

An example of an Automated Accounting is Accounter, which is an accounting


site to make the whole accounting process easy by simply inputting the business
transactions and let the system do the work.
871-0639 loc.112 College of
Accountancy
Academic Year 2017 - 2018

III. Objectives and Scope

Objectives:
The main objective of the study is to assess the difference of manual to
automated FS, especially the assessment on the usability of Accounter.
Primary Objectives:
● To determine which method is more convenient and time effecient to use
● To know which method has more accuracy and reliability
● To

Scope:

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