Excerpt from a telephone conversation between Gail Richie, President of Flanders Supplies Co.

The following is an excerpt from a telephone conversation between Gail Richie, President of Flanders Supplies Co., and Gary Weir, Owner of On-Time Employment Co.
Gail: Gary, you’re going to have to do a better job of finding me a new computer programmer. That last guy was great at programming, but he didn’t have any common sense.
Gary: What do you mean? The guy had a master’s degree with straight A’s.
Gail: Yes, well, last month he developed a new financial reporting system. He said we could do away with manually preparing a work sheet and financial statement. The computer would automatically generate our financial statements with “a push of a button.”
Gary: So what’s the big deal? Sounds to me like it would save you time and effort.
Gail: Right! The balance sheet showed a minus for supplies!
Gary: Minus supplies? How can that be?
Gail: That’s what I asked.
Gary: So, what did he say?
Gail: Well, after he checked the program, he said that it must be right. The minuses were greater than the pluses…
Gary: Didn’t he know that supplies can’t have a credit balance—it must have a debit balance?
Gail: He asked me what a debit and credit were.
Gary: I see your point.
Comment on:
(a) the desirability of computerizing Flanders Supplier financial reporting system,
(b) the elimination of the work sheet in a computerized accounting system, and
(c) the computer programmer’s lack of accounting knowledge.
200 words, 1 reference

……………………..Answer preview…………………..

Flanders Suppliers Company wants to have a computerized financial reporting system so that it can eliminate the current manual system that they are using. They want a computerized financial system that will take into account all the major accounting principles…………………………………

APA
273 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below