Computerized accounting brings with it costs of acquiring computer hardware and accounting software. It also introduces new data security risks like viruses.
Merits and demerits
The merits of accounting is that it helps in budgeting. The disadvantage is that it includes a busy time especially during the tax season.
Computerized accounting brings with it costs of acquiring computer hardware and accounting software. It also introduces new data security risks like viruses.
It is not applicable for all type of business, it only use in large scale business.......
An accounting information system will help businesses become more organized financially. An accounting system can make also make mistakes that employees won't catch.
Merits of Management AccountingManagement Accounting helps in Budgeting by classifying and calculating costs and estimating the costs and revenues for the future. Management Accounting plays a major role in the internal decision making for the organization. Management accountants also find ways to manage the organization's resources in a better way by doing cost savings. Management Accounting makes it possible for the management to understand the needs of the organization and those of the different departments.Using Management Accounting is very important because it helps in managing the internal operations of an organization. Just as Financial accounting is vital for external investors and creditors, Management Accounting is important for the internal managers.
Merits and demerits of liberalization is demerits of liberalisation. This is well known.
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Demerits:- 1) Genarally this
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