Accountancy for Class 11, Part 2, Chapter 4 - Applications of Computers in Accounting

Learn CBSE Accountancy Index Terms for Class 11, Part 2, Chapter 4 Applications of Computers in Accounting

1. Operating System – An operating system is the interface between the computer hardware and the end-user. Processing of data, running applications, file management, and handling the memory is all managed by the computer operating system. Windows, Mac, Android etc are examples of operating systems that are generally used nowadays. All modern computing devices including laptops, tablets, mobile phones, etc. comprise an operating system that helps in the smooth working of the device.

2. Management Information System – The Management Information System (MIS) is a computerised technology, person, organisation, and relationship analysis. Organisations use MIS practitioners to measure the advantages of investing in staff, facilities and procedures. It is a people-oriented practice that encompasses computer techniques and services to interpret and analyse information in such a way that the results are accurate.

MIS is used in large organisations to plan customer information and other data. MIS professionals are technically skilled and concentrate on company management and information technology. They are trying to maximise the investment.

3. Transaction Processing System – The transaction processing system is a system that acquires, houses, reforms, and fetches the data transaction of a business organisation. The transaction processing system also strives to provide predictable response times to requests, although this is not as crucial as real-time systems are concerned.

4. Accounting Information System – An Accounting Information System (AIS) is a system that identifies, collects, processes, summarises, generates and presents information about a business organisation to a wide variety of users. It provides relevant information by processing voluminous accounting data, which is beyond human capabilities. It provides a glimpse of various organisational activities and maintains a detailed financial record.

5. Utility Programme – These are a set of computer programmes, which are designed to perform certain supporting operations. It is also known as system utility.

6. Application Software – Application Software is designed for users. These are independent applications that can be downloaded and installed in the system. Each application has a specific purpose and thus is developed with high-level languages so that the purpose can be fulfilled. User action is required to start application software. These applications can only work when the user commands the system to do so. They have minimum involvement in the processing and functioning of the computer device. The application software can be installed as and when the user requires them. This is dependent on software. Applications can only be downloaded when the operating system is installed. These are designed to be user interactive, thus the application software can be removed as and when required by the user. Examples of Application Software include word processors, games, media players, etc.

7. Accounting Reports – The accounting reports are the physical form of accounting information. They act as a summary of all the relevant facts and information related to a particular event. The accounting reports are the end (or final) reports depicting the performance of an organisation during an accounting period. They show the information that is acquired from processing and transforming the data in an organised manner. The accounting reports display the information contained in such a manner that the users can understand them without any ambiguity. These reports form the basis of the decision-making process as they minimise the risks associated with uncertainty. Ledgers, trial balances, cash/bank books, financial statements, etc., are some examples of accounting reports. An accounting report can be useful if it has five basic characteristics, namely, relevance, timeliness, accuracy, completeness, and summarisation.

We hope that the offered Accountancy Index Terms for Class 11 with respect to Part 2, Chapter 4: Applications of Computers in Accounting, will help you.

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