Accounting is considered an exacting science. Accountants know that the slightest mistake would throw the entire company’s records off. Not only would major redaction be required, the said guilty accountant would be held accountable (pun not intended).
It certainly comes as no surprise that a lot of universities across the globe run not only a college of business under their purview, but a completely separate school of accounting as well. Accounting is a lot more complex than most people would think, and companies are willing to pay serious money for accountants who can hold their own in a world run by numbers. Precision is the name of the game, and even the most seasoned of accountants know that one can never be too sure or too precise.
In the days before computers, accounting and bookkeeping were painstakingly done by hand. Errors were natural, as mistakes by hand could easily turn a mere $10,000.00 into $1,000,000. However, that doesn’t mean the current means of computerized accounting have long resolved human error.
Recall the 2001 Enron scandal, one of the most headline-grabbing auditing failures in history. By exploiting flaws in the system, the corporation got away with hiding its considerable debt and project failures from its shareholders—who in turn lost about $11 billion. The subsequent loss of the corporation’s stock value prompted an investigation that eventually revealed accounting malpractices. While small errors caused by honest mistakes may have been solved by computers, no amount of MAS training will resolve the human weakness that is greed.
MAS stands for Master Accounting Series, a software solution that became popular among certified public accountants during the 1990s. This software is specifically designed for small to medium enterprises with 10 to 500 employees. Among other features, MAS90 software enables businesses to manage warehouse inventory, shipments, and distribution.
To be fair, accounting programs like Sage MAS 200 facilitate efficient and transparent accounting and bookkeeping. Yet they are but tools to be used. Ultimately, they must still follow the higher ethical rule that accounting, a truly exacting and precise science, must be for the benefit of all. For more information, visit ehow.com/about_4695612_what-mas-accounting.html.
Accounting: A Number Crunching and Demanding Science