Types of Accounting Software

Q.

What is the importance of computers in accounting?

Q.

RPA is a __________ software. a) lightweight b) customized c) Both of the options d) None of them

Q.

This technique of scientific management helps in the development of the concept of the assembly line which is widely used in automobile companies these days, as well. Identify the technique.

1. Time study

2. Standardisation and simplification of work

3. Method study

4. Motion study

Q.

Discuss the advantages of computerised accounting system over the manual accounting system.

Q.

What are the main disadvantages of computerised accounting?

Q.

What Are the 7 Business Functions?

Q.

What are the advantages of AIS (Accounting Information System) ?

Q.

Which of the following are accounting softwares?

1. Oracle

2. SAP

3. Tally

4. All the above

Q.

What are the advantages of ready-made accounting software?

Q.

Describe the various types of accounting software along with their advantages and limitations.

Q.

The level of secrecy is relatively low in _______ accounting software

1. None of these

2. Customised

3. Ready-to-use

4. Tailored

Q. Which of the following are the main components of Accounting Information Systems (AIS)?

1. People
2. Procedure, Control
3. Data, Technology
4. All of the above

Q.

Name the accounting software which may be customised to meet the special requirement of the user.

Q. is one of the types of accounting software.

1. Customised
2. Oracle
3. Tally
4. SAP

Q.

Which software is used for accounting?

Q.

Name the accounting software appropriate for small business organisations, having only one user and single office location.

Q. An accounting information system (AIS) combines the study and practice of accounting with the design, implementation, and monitoring of an information system.

1. True
2. False

Q.

What do you understand by accounting data? Discuss the stages through which it is finally transformed for being presented as information in financial statements.

Q.

What are the three dimensions of business problems?

Q. Accounting Information System (AIS) must have internal controls to protect data against unauthorised computer access and to limit access to authorised user.

1. True
2. False

Q. ‘Sophisticated computerised accounting packages generally require specialised personnel. This results in huge training costs to understand how to use the hardware and software.’

Read the above given statement and identify which limitation of the computerised accounting system is highlighted:

[0.88 marks]

1. Staff opposition
2. Cost of training
3. Breach of security
4. System failure

Q.

Accounting information system is not used for the purpose of decision making.

1. True
2. False

Q. Ready-to-use accounting software is suited to organisations running business.

1. medium
2. large
3. small
4. small and medium

Q.

How are computers used in accounting?

Q. Distinguish between a 'ready to use' and 'tailored' accounting software.

Q. Answer the following questions.

What is Computerised Accounting? Mention Features of Computerized Accounting?

Q.

'Accounting software is an integral part of the computerised accounting system', Explain. Briefly list the generic considerations before sourcing accounting software.

Q.

'Computerised Accounting Systems are best form of accounting system'. Do you agree? Comment.

Q. Give two examples each of the organisations where 'ready-to-use', 'customised' and 'tailored' accounting packages respectively suitable to perform the accounting activity.

Q.

What do you understand by saving a report as snapshot?