Question

Explain ‘Password Security’ and ‘Data Audit’ as security features of Computerised Accounting System.

Hint:

Password security helps ensure that only authorized personnel can access sensitive financial information, while data audit enables transparency and accountability by tracking changes in the system.

Answer 1

- Password Security: Password security is a fundamental feature in a computerized accounting system. It restricts access to the system by requiring authorized users to enter a valid password. This ensures that sensitive financial data is protected from unauthorized access. Passwords should be complex and regularly updated to maintain system security. - Data Audit: Data audit is a feature that allows tracking and monitoring of changes made to the financial data in the system. Every transaction or alteration in the system can be logged, along with details of who made the change, when it was made, and what changes were made. This provides transparency and accountability, ensuring the integrity of the data is maintained.