BUDGETING AND ACCOUNTING SOFTWARE SYSTEM FOR THE MANAGEMENT OF SPENDING, PAYMENT PROCESSING, BUDGETING AND REPORTING.

DESCRIPTION

Computerized accounting is a software-based budgeting and accounting system for the management of spending, payment processing, budgeting and reporting. It computerizes and automates key aspects of budgeting and accounting and combines them into a unified database and user interface.^1,2,3 It also allows the production of a variety of reports for budgeting, funding, treasury, cash flow, accounting, audit, and day-to-day management concerns.

PURPOSE & LINK TO INTEGRITY

The purpose of computerized accounting systems is to have a clear, transparent and reliable system to keep track of financial transactions. Computerized accounting systems can strengthen the financial and managerial capacity of an organization by enhancing the management of cash, debt and liabilities, using historical information to provide improved budget modelling processes, reducing costs for financial transactions, and gaining effective control over finances and budget execution.

Computerized accounting systems enhance the comprehensiveness, transparency and accountability and thus the confidence and credibility of finances. Such systems also deter corruption and fraud by increasing the risks of detection. A number of features (for example automated identification of exceptions to normal operations, patterns of suspicious activities, automated cross-referencing of personal identification numbers for fraud, cross-reference of asset inventories with equipment purchase, automated cash disbursement rules, identification of ghost workers, etc.) help detect excessive payments, fraud and theft.^3,5,6

KEY REQUIREMENTS

• Does your organization have basic accounting procedures in place? (Also check tool Accounting & finance manual)
• Is the necessary hardware available and is staff capable of working with a computerized system?

HOW TO

Computerized accounting systems should:

• Give an overview of different types of annual revenues (e.g. revenue for the provision of particular goods and/or services)
• Provide insight on different types of expenses (e.g. materials, rent, staff)
• Connect billing and accounting systems: billing and collections should be integrated into the accounting system⁶

The installation and operation of computerized accounting systems has proven to be challenging in practice, particularly for SMEs. Successful implementation can be attained by:⁵

• purchasing appropriate software,
• ensuring ICT readiness among the responsible staff members,
• sound project design and management,
• a phased approach to implementation,
• adequately allocated financial and human resources

Practical questions to clarify are:

• Is the necessary hardware (e.g. computers, internet connection etc.) available?
• What are the costs of implementing such a system (e.g. training, programmes, support)?
• How to make sure that the staff is capable and confident in using a computerized accounting system?
• How to ensure consistency and comparability with the existing accounting system?
• Can billing and collection be integrated in the financial accounting system?

It is worthwhile comparing different options to find a solution that is adapted to the specific needs and size of the organization.

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Become a Bakery Owner
You will learn what a bakery owner does, how to develop your skills to succeed in a bakery career, how to start your own bakery, and how to operate a bake shop, market and sell baked goods.

What Happens in the Bakery Owner Certificate Course
The Bakery Owner Certificate Course is an online learning program with suggested readings from the textbook (IAP Career College Guide to Become a Bakery Owner). This course is self directed, which means you may study and complete assignments at times that are most convenient for you from the comfort of your own home.

This part-time online Bakery Owner Certificate Course has a recommended completion date of 6 weeks from the start of the program, however, you may choose to complete the course in as little as 4 weeks or as long as 12 weeks, depending on your schedule.

The Bakery Owner Certificate Course Online has been created to allow you to complete it without any teaching assistance. However, if you have questions or need assistance, you can receive help from a Faculty Member throughout the 6 weeks of the course. Your Faculty Member is a valuable resource person who can provide you with personal teaching assistance to help you succeed in the course and advice to help you succeed in the career.

Course Topics
The online Bakery Owner Certificate Course has been developed to meet high academic standards, ensuring that as a graduate you can display with pride the Bakery Owner Certificate you will earn from the International Association of Professions Career College. Topics covered in the Bakery Owner Certificate Course include the following:

Getting Ready

Industry Trends
Overview of Bakery Products
Gaining Baking Skills and Knowledge
Starting a Bakery Business

Your Business Plan
Choosing a Specialty
Choosing a Business Name
Start-Up Budgeting and Funding
Finding a Great Location
Interior and Exterior Design
Equipment and Supplies
Managing Your Bakery

Daily Operations and Systems
Managing Inventory
Setting Your Prices and Accepting Payment
Hiring Great Employees
Marketing Tools
Attracting and Handling Customers

• General Nursing
• Home Life Assistance
• Geriatric Nursing
• Laboratory Technician
• Pharmacy Attendant
• Midwifery
• Transport and Logistics