Accounting Systems Technology for the 21 st Century. Presented by Liv A. Watson LWatson@GaitherCPA.com. Today’s Agenda. Accounting systems technologies and future trends There will be two 10 minutes breaks and a 1 hour lunch XBRL Questions and comments are always welcome.
Liv A. Watson
There are steps that a user can use to protect themselves from these dangers. They include:
Bill Inmon coined the term "data warehouse" in 1990. His definition is:
"A (data) warehouse is a subject-oriented, integrated, time-variant and non-volatile collection of data in support of management's decision making process."
Relatively few inquires which are often wide in scope
Designed to get data out
Used to automat routine, predictable tasks
Large volume of small transactions that are limited in scope
Designed to get data inBIT v. OP
– Lee, The Editor, Datamation (May 1995)
Type of Image
Cash transfer and deposit slips, wire transfer request
Sales invoices, checks paid, expense reports
Invoices, canceled checks, expense time sheets
Purchase orders, price lists and brochures, agreements
Pictures of items, copies of insurance or title contracts
Pictures of assets, copies of insurance or title contracts
Pictures of employees/applicants, resumes, and professional/educational certificates.Document Image Processing Within the Accounting Office
The tools at the disposal of the viewer/participant will usually include:
Spread Sheet Accounting
The automatic routing of accounting related data to the users responsible for working on them.
Questions and Answers
Liv Watson – Senior Director of Information Technology