Question & Answer: Subject: ACC 500 Financial Accounting…..

Subject: ACC 500 Financial Accounting

1. Read throughout the expected learning outcomes exercise.

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2. Write a paragraph of 100 words total to answer the following questions:

What did you learn in this class?

Were your expectations from the class met?

How will this class can be useful in your field?

How can it be applied?

Did you find other areas that are more interesting to you compared to your initial expectation?

Expert Answer


In today’s market, the need to maintain a high level of quality is paramount to success.

A quality management system (QMS) is a formalized system that documents policies, processes and procedures to enable companies to meet strict mandatory FDA regulations and compliance standards for ISO, OSHA, SOC and SOX.

QMS aims to eliminate nonconformance to specified standards, reduce quality risks, accelerate audit approval and improve product development processes.

Quality management software is an automated application or toolset that assists with the development, maintenance, and implementation of a quality management system. Quality management software can be built and maintained internally or can be managed by third parties. Cloud-based software as a service (SaaS) saves on costly internal development and maintenance costs, and easily extends to stakeholders at every level the ability to view, report, and collaborate on the standards they are to meet, from anywhere in the world.

It can be applied in the filed of automation, production and SaaS, cloud based software solutions.

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