Advantage of computerised accounting system?
Some key components to an accounting information system is the ability to communicate with other departments. Another important component is the person operating the system.
The disadvantages are that if you don't save it correctly you might loose all of the accounts and remember to expand on this
Funds management, financial accounting, controlling
Arithmetical accuracy. Generation of reports Easy search and comparison.
Advantage of computerised accounting system?
the difference is that one is with a computer and the other is with writing utensils. i.e pencil, pen, markers
features of master file in computerised accounting
Exam question!
An accounting system can either be a manual system or a computerised one and both produce similar results when properly applied. An accounting system is part of the organisation's management information system therefore a good or decent accounting system must be able to produce reports like trial balance, aged debtors and aged creditors. Accounting systems must provide data that should enable the production of management accounts, statutory accounts and must also assist the managers and accountants in discharging their stewardship roles.
Some key components to an accounting information system is the ability to communicate with other departments. Another important component is the person operating the system.
The disadvantages are that if you don't save it correctly you might loose all of the accounts and remember to expand on this
Funds management, financial accounting, controlling
Funds management, financial accounting, controlling
Funds management, financial accounting, controlling
Arithmetical accuracy. Generation of reports Easy search and comparison.
Arithmetical accuracy. Generation of reports Easy search and comparison.