Financial n accounting Essay Example | Topics and Well Written Essays - 1500 words

Financial n accounting - Essay Example In past, these systems include manual processes but now due to technology advancement the accounting information system changed into Computerized Accounting Information System. Improvement in technology have replaced manual accounting system with computerizes ones. As computers become faster, less expensive, and easier to use; all organizations are using computers in their day to day business. With the help of computers, companies can now capture, process, store, and transmit data. It controls the topics which are related to organization’s economic- financial area. It helps in decision-making process, performance evaluation, facilitating company’s transaction and in internal controls through computerized accounting information system. It combines concepts and accounting principles to record, process, analyse the financial information and then produce it to its end users for the purpose of making economic decisions. Firm’s performance can be improved, through oper ational efficiency and increased profitability (Fowzia and Nasrin, 2011, p.1). Software tools in the Computerized Accounting Information System (CAIS) Accounting software This software consists of basic accounting functions like input, processing and output. There are two types of accounting software i.e. low-end software and high-end software. Personal computer based accounting system enable companies to provide better and timely information. Income tax Currently tax preparation software is available for companies. So, even in a short period of time complex calculations can be done. Audit Trial balance software helps auditors to handle different types of adjusting entries, to input the working trial balance and mechanically compute the adjusted trial balance. Word processing Word processing software is used by the accountants to prepare reports, memos, billings and financial statement. Graphics software It is used by the managerial accountants and auditors to graph the data in repo rts and financial statements. Image processing It captures electronic image of data so that it can be stored and shared. Accountants can process all the electronically by just scanning the paper documents in computer. Electronic data interchange A company can exchange documents electronically with other company with the help of electronic data interchange. Electronic funds transfer It enables companies to make collections and payment electronically. So, if companies are in a view to pay for accounts payable to a supplier, it can do it with the help of electronic fund transfer. Purpose of Computerized Accounting Information System Computerized accounting information system (CAIS) can be single programs or even part of a larger system like enterprise resource planning. The purpose of the system is to reduce manual steps in accounting process and offer automated activities in order to improve reporting. Every function plays a minor part in accounting information system. Individual func tions include accounts receivable, accounts payable, fixed assets, payroll, general accounting and cash management. CAIS often have modules that enable accountants to handle financial information related to their accounting tasks. Use of CAIS in the functioning of Organization CAIS saves time, reduce errors and eliminate waste by adopting

Art of Modern China Article Example | Topics and Well Written Essays - 1500 words

Art of Modern China - Article Example t in china is a reflection of the western cultural tendencies that depict the political and social developments in a post-industrial revolution world (Andrews & Shen 30). Contemporary Chinese art reflect a westernized artistic style that has Chinese roots. Xu Beihong falls among the first Chinese artist who articulated on the need for Chinese artistic expressions to reflect modern china. Biehong believed in the connection of art and life and the need for artist to focus on the truth through realism than just focusing on the aesthetic value of a painting. From his realistic perspective, Biehong believed that painters could engage further with their environment surrounding and the viewer get to understand better bout life’s true meaning. An analysis of Beihong’s painting ‘Tian Heng and his 500 retainers’ can provide a deeper understanding of modern art in China. Xu Beihong gets regarded as the pioneer of modern art in China. His artistic works bear a significant western influence. He was born in Yixing, Jiangsu in 1895. He was primarily revered for his art paintings of horses and birds. Xu’s career began at a young age under the tutorship of his father who was an artist. He studied oil painting and drawing in Paris under a scholarship from the Chinese government. His travel to Western Europe enabled him to understand and incorporate western art techniques (Ward). His artistic style encompasses both of the east and west. His exposure to western painting traditions provided background for his advocacy for a realist approach in Chinese art and thus his vital role in the transformation of modern Chinese art. He came up with the notion of applying western scientific methods and integrating a western approach such as shading and perspective in his works (Biehong & Xu 109). His realistic approach to art enabled his paintings to evoke human feelings and universal themes. He believed that his artistic expressions of birds and horses symbolized the will of the