Question

Explain ‘Transparency and Control’ and ‘Accuracy and Speed’ as features of a Computerised Accounting System.

Hint:

A computerized accounting system enhances productivity by improving accuracy, speed, and transparency in financial operations.

Answer 1

- Transparency and Control: Computerized accounting systems provide clear and accurate reports, enabling better control and informed decision-making. - Accuracy and Speed: Automation ensures minimal errors and speeds up data processing, saving time and enhancing reliability.