Question

State any two characteristics of Computerised Accounting System.

Accepted Answer

Characteristics of Computerized Accounting System: ( Any two ) (i) Simple and integrated Computerized Accounting System is designed to automate and integrate all the business operations, such as sales, finance, purchase, inventory and manufacturing. CAS is integrated to provide accurate, up-to-date business information rapidly. The CAS may be integrated with enhanced MIS (Management Information System), Multi-lingual and Data Organisation capabilities to simplify all the business processes of the organization easily and cost-effectively. (ii) Transparency and Control CAS provides sufficient time to plan, increases data accessibility and enhances user satisfaction. With computerized accounting, the organization will have greater transparency for day-to-day business operations and access to the vital information. (iii) Accuracy and Speed CAS provides user-definable templates ( data entry screens or forms ) for fast, accurate data entry of the transactions. It also helps in generalising desired documents and reports. (iv) Scalability CAS enables in changing the volume of data processing in tune with the change in the size of the business. The software can be used for any size of the business and type of the organization. (v) Reliability CAS makes sure that the generalised critical financial information is accurate, controlled and secured.

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