Question

Explain 'Transparency and Control' and 'Accuracy and Speed' as features of Computerised Accounting System.

Accepted Answer

(a) Transparency and Control: CAS provides sufficient time to plan, increase data accessibility and enhances user satisfaction. With computerised accounting, the organisation will have greater transparency for day-to- day business operations and access to vital information. This will make feedback and decision making timely, hence, better control over the processes can be established. (b) Accuracy and Speed: CAS provides user definable templates (data entry screen or forms) for fast, accurate data entry of the transactions. It not only makes data entry fast but also provides checks to check its accuracy from time to time.at the same time, the facility of generating desired documents and reports is also there.

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