Question

computerize accounting

computerize accounting

Homework Answers

Answer #1
Computerized accounting have become popular over past few years and made life easier for businesses as helps in dealing with voluminuos data with ease. Now business owners can easily track expenses, see what factors drive growth. Advantages are simplicity, reliability, cost effectiveness and ability to collaborate.

However it has some disadvantages. Biggest issue is technical glitches. Businesses sometimes face technical issues. Another disadvantage is potential fraud which can be committed by employees or hackers
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Accrual accounting: A. is the system of accounting that records revenues in the accounting period in...
Accrual accounting: A. is the system of accounting that records revenues in the accounting period in which they are earned and expenses in the accounting period in which the resources are used. B. is the system of accounting that records revenues in the period in which cash payment is received and expenses in the accounting period when payment is made. C. is not a form of accounting D. is the accounting policy requiring that onces the proper accounting treatment for...
Is there a type of accounting that is not financial accounting?
Is there a type of accounting that is not financial accounting?
Codification to identify accounting authority: a. accounting for prepaid advertising b. accounting for reclassification of current...
Codification to identify accounting authority: a. accounting for prepaid advertising b. accounting for reclassification of current to long-term debt c. accounting for accelerated depreciation d. accounting for when a range of an estimated loss contingency exists e. accounting for a reporting period f. accounting for factoring of trade receivables with recourse
Sustainabiliity accounting vs. social accounting and why company issue sustainability accounting?
Sustainabiliity accounting vs. social accounting and why company issue sustainability accounting?
example of Legal accounting and Commercial accounting
example of Legal accounting and Commercial accounting
Which of the following is in accordance with generally accepted accounting principles? Accrual-basis accounting Cash-basis accounting...
Which of the following is in accordance with generally accepted accounting principles? Accrual-basis accounting Cash-basis accounting Both accrual-basis and cash-basis accounting Neither accrual-basis nor cash-basis accounting
Difference between financial accounting and managerial accounting?
Difference between financial accounting and managerial accounting?
The use of management accounting ? Management accounting is related with?
The use of management accounting ? Management accounting is related with?
Discuss the differences between Management Accounting and Financial Accounting.
Discuss the differences between Management Accounting and Financial Accounting.
What is the accounting cycle and what are the steps in the accounting cycle?
What is the accounting cycle and what are the steps in the accounting cycle?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT