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However, choosing the appropriate CAS has become a critical problem for many SME entities in developing countries as the past and continuous selection of suboptimal CAS application had brought mischance’s to SMEs leading to massive financial losses and arguably bankruptcies. CAS is seen as the optimal preference as it is now a dominant, powerful and integrated software package embedded with all the modules needed to process and generate accounting information on a timely, high precision and error free manner for management decisions.
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As an instructor, it has been a very gratifying and rewarding experience.Ĭurrently, SMEs are looking for ways to select Computerised Accounting Software packages to better improve their business process capabilities, economies of scale and competitive edge over rivalry companies in the market. After many months of course work, case studies and completion of final software projects, most of these students mastered new skills and they were able to find employment. The State of New Jersey Work Force training program provided the displaced workers a stipend, allowing them to complete courses including: Accounting, Medical Billing, and Microsoft Office.
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The training was done with an authorized State of New Jersey training firm. Using team building, constant communication and leadership, students gain much self-confidence, enhanced their interpersonal and communication skills while collaborating on the final projects. By using the real-life case study in accounting or finance, students can complete final projects individually or in a group. This paper is the summary of the teaching of an Accounting course. Wall Street stock brokerage firms, investment banks, mutual fund, hedge fund and private equity firms all made billions of dollars on profit. Year 2006 saw the biggest return on investment in the financial markets. Very few of them paid attention to Accounting, especially the use of the accounting software. Most of the case studies were on management and marketing. Cranfield University in UK, in conjunction with Babson College, published much work on case studies. For teaching and research in International Management, Thunderbird University is the known leader. Case studies from Harvard Business Review have been used by MBA students for years.