Information Technology in Accounting
Accounts · 50 practice questions
Manual and computerized accounting processing systems; procedures involved in data processing; computer hardware and software; advantages and disadvantages of manual vs. computerized accounting processing systems.
- Differentiate between manual and computerized accounting processing systems.
- Identify the procedures involved in data processing.
- Relate the different components of a computer.
- Identify the advantages and disadvantages of manual and computerized accounting systems.
Try a few questions
- Practice question 1
Training staff to use a new computerized accounting system specifically is often necessary before
- A.the system can be used effectively within a business
- B.the system has even been purchased or formally acquired by the business
- C.any financial transaction has ever occurred within that particular business
- D.a factor entirely unrelated to the effective use of the system within a business
Show the answer
A. the system can be used effectively within a business
Training staff to use a new computerized accounting system specifically is often necessary before it can be used effectively.
- Practice question 2
A computerized accounting system specifically can process
- A.large volumes of financial data more quickly than a manual system
- B.no financial data of any kind, despite being described as an accounting system
- C.only small volumes of financial data, more slowly than a manual system
- D.a factor entirely unrelated to the speed or volume of data processing
Show the answer
A. large volumes of financial data more quickly than a manual system
A computerized accounting system specifically can process large volumes of financial data more quickly than a manual system.
- Practice question 3
A disadvantage of a computerized accounting system specifically can include
- A.the significant upfront cost of acquiring suitable hardware and software
- B.a factor entirely unrelated to the cost of hardware or software
- C.a guaranteed increase in the speed of every single accounting task performed
- D.the complete elimination of any cost whatsoever associated with accounting
Show the answer
A. the significant upfront cost of acquiring suitable hardware and software
A disadvantage of a computerized accounting system specifically can include the significant upfront cost of hardware and software.
More UTME Accounts topics
- Nature and Significance of Bookkeeping and Accounting
- Principles of Double Entry
- Ethics in Accounting
- Cash Book
- Bank Transactions and Reconciliation Statements
- Final Accounts of a Sole Trader
- Stock Valuation
- Control Accounts and Self-Balancing Ledgers
- Incomplete Records and Single Entry
- Manufacturing Accounts
- Accounts of Not-For-Profit-Making Organizations
- Departmental Accounts
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