LEARN - Read Accounting Principles Volume 1 for Strayer ACC100, 11th Edition, Chapter 7: Accounting Information Systems

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Unecre09

Business Finance

ACC 100: Accounting I

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Imagine you are a consultant hired to convert a manual accounting system to an automated system. Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process. Provide a rationale for your response.

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Accounting Information Systems
Automating a manual accounting system has both advantages and disadvantages. A major
advantage of switching to automatic or computerized accounting system is that it is faster and
efficient in information processing. Again, it facilitates the auto-generation of accounting
documents such as cheques, invoices, and financial statements. Also, by automating the
accounting system, there is a significant reduction in the expenses incurred on hardware and
software and availability of an accounting sof...


Anonymous
Excellent! Definitely coming back for more study materials.

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