Question

State any four advantages of Computerised Accounting System. OR Computerised Accounting System.

Accepted Answer

Advantages of CAS (any four): (i) Timely generation of reports and information in desired format (ii) Efficient record keeping (iii) Ensures effective control over the system (iv) Economy in the processing of accounting data (v) Confidentiality of data is maintained (vi) Transparency in recording of data helps in avoiding frauds 21 (vii) Better control can be established (viii) Accuracy in data makes the reports reliable OR (b)Explain ‘Password security’ and ‘Data audit’ as security features of computerised accounting system. Ans. Password Security: Password security is a mechanism, which enables a user to access a system including data. The system facilitates defining the user rights according to organisation policy. Consequently, a person in the organisation may be given access to a particular set of data while he may be denied access to another set of data. Password is the key (Code) to allow the access to the system Data Audit: This feature enables one to know as to who and what changes have been made in the original data, thereby helping and fixing the responsibility of the person who has manipulated the data and also answers data integrity. Basically, this feature is similar to Audit Trail.

State any four advantages of Computerised Accounting System.
OR
Computerised Accounting System.

Marking-scheme solution

More from Overview of Computerised Accounting System

State any four advantages of Computerised Accounting System.ORComputerised Accounting System.

Marking-scheme solution

More from Overview of Computerised Accounting System

State any four advantages of Computerised Accounting System.
OR
Computerised Accounting System.