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The Use of Information Systems and Accounting

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http://smallbusiness.chron.com/use-information-systems-accounting-3766.html

Please click on the link above or copy and paste and summarize the main points in the article. Also, state whether this particular use of spreadsheets is a weakness or strength from an internal control standpoint.

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Solution Summary

This solution summarizes the article from the link provided, and states whether this particular use of spreadsheets is a weakness or a strength from an internal control standpoint. A comprehensive discussion is provided.

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Discussion for your question:

Spreadsheets can be a strength or a weakness, but in itself, is neither. The predominant issue is the internal controls surrounding the use of spreadsheets. In the professional accounting field, spreadsheets are oftentimes used as a standalone tool or used as part of an accounting program. The internal controls would be stronger, on average, if the spreadsheet is part of an accounting program. The internal ...

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