Replacing ARCO's 'crude' system

Article Abstract:

Atlantic Richfield Co (ARCO) uses Price Waterhouse's PWS-IDEAS software package for international accounting systems. Available modules include: general ledger, accounts payable, property reporting, joint interest billing, project control, and currency conversion. PWS-IDEAS was tested in ARCO's operation in Turkey, and required just about six weeks to convert from the existing system. Establishing new overseas accounting operations entails purchasing rights for the software package, calculating staffing requirements, sending trained staff into the field, and making the package operational on location.

Prepackaged software, Petroleum refining, Petroleum industry, Information services, Atlantic Richfield Co., ARC, Price Waterhouse and Co.

---

Improve your bottom line: fixed asset management

Article Abstract:

The use of a computerized fixed asset management (FAM) system to track assets, handle internal management needs, and calculate depreciation can provide substantive cost savings. Most fixed asset software packages are microcomputer-based and can handle basic tax law requirements. Such software must be carefully evaluated with a company's needs in mind. A flexible, efficient package would preferably have: maintenance tracking capabilities, leased asset management tracking features, property tax reporting capabilities, and bar-coding inventory features.

Methods, Accounting and auditing, Accounting, Depreciation, Assets (Accounting), Accounting software, Cost control

---

Similar abstracts:

• Abstracts: The PC as prototype problem-solver. Controlling costs with a database system
• Abstracts: Controlling the cost of product defects. Activities: the focal point of total cost management
• Abstracts: Cost-of-quality reporting: how we see it. Activity-based management
• Abstracts: Transfer pricing in a dynamic market. Does your transfer price make cents?
• Abstracts: Controllers as business strategists: a progress report. To buy or not to buy? What controllers should know about employee fringe benefits expense

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.