IGNITE Accounting Management System (iAMS)

Organizations use accounting systems (either manual or computerized) to store, manage, and provide their financial information to their stakeholders. These systems are implemented to produce financial statements, including income statement, balance sheet, and other accounting reports. They store detailed records of accounts, such as cash, accounts receivable (due from customers), accounts payable (due to suppliers/banks), fixed assets, stocks, and so on.

IGNITE Technology will offer a computerized accounting system to store the financial information of a fictitious company in an organized manner and will provide instructions for creating all the generic financial reports that will be produced with a mouse click.