Technological togetherness

Article Abstract:

The accounting profession in the UK has seen an increase in the numbers of mergers. A central consideration of mergers are the computing systems of the individual entities. Information strategies are becoming central to accountancy practices, and computer consultancy can be an attractive side business. Mergers can be an ideal situation to introduce a new, common system for the merging entities. When Chantrey Wood King merged with Hill Vellacott in 1988 to form Chantrey Vellacott, the firm took the opportunity to introduce a new. common system. Central to introducing a system is in the definition of business requirement, and anticipating the business requirements of the new firm. Chantrey used a three phase program including: purchasing a new computer system to run the management system before the move to new offices; establishing an on-line system for principal London-based users; and putting the regional offices on-line. Chantrey picked the Tudor Business Systems because: the software is well thought out,and the company has credibility. The system contains a relational database that will allow preparation of reports from a multitude of variables and provides additional processing power in-house.

Acquisitions and mergers

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Choosing a System That's Right for Your Practice

Article Abstract:

Practicing accountants remain skeptical and cautious concerning computerization. Less than fifty per cent of the practices in the United Kingdom are computerized and a large number of these involve old machines. Available hardware includes micro, super micro and mini-computers. Micros are more appropriate for practice-only data while minis can handle large numbers of clients. Available software packages are generally designed for use with specific hardware. Criteria used to decide hardware choices includes available keyboard time, amount of disk handling, printing time and security copying of data. The benefits of the multimicro versus the multiuser hard disk systems are listed. Expansion needs to be considered. Once the category of hardware is chosen, one should examine available software for different systems. Four factors should be considered: 1) security of access to programs and data, 2) background running, 3) spool control and 4) ease of operation.

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A simple guide to complex systems

Article Abstract:

Companies choosing a computer business system face a wide range of options and should base their choice on the software that best meets business needs. Business information systems have different emphases best suited for particular businesses, but but all companies must consider the financial consequences of transactions and financial reporting. Financial reporting is at the heart of all accounting systems and an accounting-based system is a natural starting point for a business system. Companies need to make sure that a business system addresses the key accounting requirements and integrates those requirements with main systems. Companies should also prepare a general requirements and strategy plan as the basis for a software search.

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