Question

Even when a computer software system is used for management of the practice’s finances, discuss why...

Even when a computer software system is used for management of the practice’s finances, discuss why following the bookkeeping guidelines for a manual system still has merit.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

There are some following advantages of manual book keeping over computerized one:

i)Manual book keeping has a lower upfron cost and relatively easy to maintain.

ii)there is no delay due to power or internet outages and there are no risk of sensitive information being hacked online.

iii)When using a manual acounting system,you do not have to worry about duplication errors.

iv)You do not have to worry about documentation as the base of manual accounting is documentation.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Discuss in details how software (OS, editor, compiler, system library etc.) and computer hardware (CPU, memory,...
Discuss in details how software (OS, editor, compiler, system library etc.) and computer hardware (CPU, memory, I/O devices and so on) interact when you create a new C program, and finally make an executable program and run it.
Identify whether each of the datasets is quantitative or qualitative a.  Types of computer software used in...
Identify whether each of the datasets is quantitative or qualitative a.  Types of computer software used in a database management system. b. Life-lengths of laser printers c.  Brands of calculators used by 100 engineering students on campus d. Mileage attained by 12 automobiles powered by alcohol
Question 1 AIPIC is considering the purchase of new computer equipment and software to enhance its...
Question 1 AIPIC is considering the purchase of new computer equipment and software to enhance its graphics capabilities Management has been considering several alternative systems, and a local vendor has submitted a quote to the company of $15,000 for the equipment plus $16,800 for software. Assume that the equipment can be depreciated for tax purposes over three years as follows: year 1, $5,000; year 2, $4000; year 3, $6,000. The software can be written off immediately for tax purposes. The...
Red Gerard, Inc., is considering purchasing a new computer system for their enterprise data management system....
Red Gerard, Inc., is considering purchasing a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $200,000. RGI is planning to borrow one-fourth of the purchase price from a bank at 15% compounded annually and the loan is to be paid back over a 3-year period using equal annual payments. The computer system is expected to last 5 years and then have a salvage value of $5,000. Over this period, RGI will...
A personal computer is used for office work at home, research, communication, personal finances, education, entertainment,...
A personal computer is used for office work at home, research, communication, personal finances, education, entertainment, social networking, and a myriad of other things. Suppose that the average number of hours a household personal computer is used is 4.4 hours per day, across the population of households in the United States. Assume the the population of household usage times is normally distributed and the standard deviation for the times is 2 hours.   You are told that a given household (Household...
CS-320 Software Test Automation & QA Why is test management important? In other words, what are...
CS-320 Software Test Automation & QA Why is test management important? In other words, what are the risks of not appropriately verifying and validating your code? Describe the role and significance of each of the following major components of test management using specific, real-world examples: Test organization Test strategies Test planning Test monitoring Configuration management What are the types of tools and technology that can be used to support software testing? Provide specific examples to illustrate each.
Question 12 (a) A hotel has undergone renovations and is considering which revenue management software system...
Question 12 (a) A hotel has undergone renovations and is considering which revenue management software system to adopt. The system is meant to optimize the pricing and availability of the hotel’s rooms. The two market leading revenue management software systems are Opera by Oracle and RoomMaster by InnQuest and the hotel has to adopt one. Opera costs £1 million and will increase the operating profits by £500,000 per year. Its useful life is 5 years and it is estimated to...
Explain and discuss why even when an individual or country is more productive than another individual...
Explain and discuss why even when an individual or country is more productive than another individual or country at all tasks, trade between the two can improve overall output.
An airline wants to select a computer software package for its reservation system. Four software packages...
An airline wants to select a computer software package for its reservation system. Four software packages (1, 2, 3, and 4) are commercially available. The airline will choose the package that bumps as few passengers as possible during a month. An experiment is set up in which each package is used to make reservations for 5 randomly selected weeks. (A total of 20 weeks was included in the experiment.) The number of passengers bumped each week is obtained, which gives...
Discuss the techniques used during de-escalation. Explain why these techniques are used and when they may...
Discuss the techniques used during de-escalation. Explain why these techniques are used and when they may not work as expected.​
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT