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Computerized accounting package?
Computerized accounting packages are those packages which perform all accounting transactions automatically and not each transaction or process is need to be done manually and all processes are automated due to which there is less chances of errors as all information is managed automatically.
What are the disadvantages of Computerized Accounting?
Training Requirements: Although computerized accounting systems are generally user-friendly, they still require some training to use effectively. Employees may need to be trained on properly using the software, which can take time and resources.
Why every users need accounting information?
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Why do accountant need accounting information?
To perform Financial Analysis on companies
Why do entrepreneur need accounting information?
Entrepreneurs need to have accounting and financial information to determine the feasibility of their business. It is also important to know if what you are doing is profitable .
Do you have written lectures on complete computerized accounting?
i need complete lectures on computerized accountind
Computerized accounting package?
Computerized accounting packages are those packages which perform all accounting transactions automatically and not each transaction or process is need to be done manually and all processes are automated due to which there is less chances of errors as all information is managed automatically.
What are the disadvantages of Computerized Accounting?
Training Requirements: Although computerized accounting systems are generally user-friendly, they still require some training to use effectively. Employees may need to be trained on properly using the software, which can take time and resources.
Why do accounting analysts need accounting information?
To perform Financial Analysis on companies
Why every users need accounting information?
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Why do accountant need accounting information?
To perform Financial Analysis on companies
Why do entrepreneur need accounting information?
Entrepreneurs need to have accounting and financial information to determine the feasibility of their business. It is also important to know if what you are doing is profitable .
Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Why do investment analysts need accounting information?
To perform Financial Analysis on companies
What do i need to be a financial strategist?
You need a college education and degree in accounting, economics, business, or similar occupations.
What are the limitations of computerized accounting system?
Computerized accounting systems can be limited by their dependence on technology, which may result in issues such as software malfunctions or data loss. They also require regular updates and maintenance, which can be costly and time-consuming. Additionally, these systems may not fully accommodate unique business processes without customization, and users need adequate training to ensure accurate implementation and management. Lastly, concerns over data security and privacy can arise, especially if sensitive financial information is not properly safeguarded.
Give an example for the need for accounting?
The basic need for accounting is to keep track the transactions of the individual / company, and to show the financial performance / position of the individual / company for a certain period / as at a position.
