Computers & Accounting Systems

Which of the following is not a general classification of software?

• System

• Development

• Word processing

• Application

Which of the following is not a common feature of an accounting package?

• Menu-driven.

• Flexible chart of accounts.

• Easy access to all the accounts for all users

• Help function.

Atypical report generated from a General Ledger accounting package would be _________________

• profit and loss statement

• re-order report

• invoices

• pay cheques

The portion of the computerised accounting system that integrates all of the components is the______________

• Accounts payable module

• Accounts receivable module

• General Journal module

• General Ledger module

An advantage of a computerised accounting system is that it provides ______________

• higher quality information

• more timely information

• a greater variety of information

• All of the above.

A disadvantage of using computer-based accounting system is that it_______________

• introduces storage media errors

• introduces human posting errors

• reduces the number of transactions posted

• reduces incomplete entries

In an integrated business systems software, which of the following module's interfaces directly with the General Ledger module?

• Sales analysis

• Accounts receivable

• Purchase order processing

• Sales order processing

Which of the following module's interfaces directly with the accounts payable module in a typical computerised business system?

• Purchase order

• Purchase analysis

• Sales order

• None of the above

A disadvantage of using computerised accounting system is__________________________

• the potential of lost audit trail if the backup is inadequate

• the increase in posting error

• the potential of incomplete journal entries

• the increase in speed of posting

The sequence of operation in a computerised accounting environmentis _________________________

• posting, journalising, preparation and printing of final reports

• posting, creation of chart of accounts, the printing of final reports

• printing of final reports, posting, journalising

• journalising, posting, preparation and printing of final reports