Explain any three features of Computerized Accounting System.

(Any three features from the following with suitable explanation) 1. Simple & Integrated ……………………………………………………..…… ½ The CAS may be integrated with enhanced MIS, multi-lingual and data organization capabilities to simplify all the business processes of the organization easily and cost- effectively. …………………………………………………………………………….. ½ 2. Transparency and Control …………………………………………………….… ½ CAS provides sufficient time to plan, increases data accessibility and enhances user satisfaction. It provides transparency for day-to-day business operations and access to vital information. ………..………………………………………………………………….. ½ 3. Accuracy and Speed ……………………………………………………….…….... ½ It provides user-definable templates for fast and accurate data entry of transactions. …………………………………………………………………………………….…... 4. Scalability ……………………………………………………………………......… CAS enables change in the volume of data processing over time with the change in the size of the business. The software can be used for any size of business and type of organisation. ………………………………………………………………………….……………… 5. Reliability ………………………………………………………………………….. CAS makes sure that the generalised critical financial information is accurate, controlled and secured……………………………………………………………………….…... ½