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  • K.P.B.Hinduja College of Commerce: NG and Finance)

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    Nikhil Jain
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    This document discusses accounting packages and computerized accounting. It notes that accounting done by hand involves cumbersome processes, human errors, difficulties balancing accounts, and errors in principles. Accounting packages allow accounting to be done on computers, which speeds up the process, increases accuracy, and provides advantages of speed and accuracy while also having disadvantages of costs and training needs. It provides details on how a good software package should be user friendly, flexible, allow online queries and editing/deleting. Key features are noted as recording transactions, automatic updating, payments, adjustments, and payroll. Advantages include speed, automatic document production, accuracy, up-to-date information, availability of information and management reports. Disadvantages include costs

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    This document discusses accounting packages and computerized accounting. It notes that accounting done by hand involves cumbersome processes, human errors, difficulties balancing accounts, and errors in principles. Accounting packages allow accounting to be done on computers, which speeds up the process, increases accuracy, and provides advantages of speed and accuracy while also having disadvantages of costs and training needs. It provides details on how a good software package should be user friendly, flexible, allow online queries and editing/deleting. Key features are noted as recording transactions, automatic updating, payments, adjustments, and payroll. Advantages include speed, automatic document production, accuracy, up-to-date information, availability of information and management reports. Disadvantages include costs

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    8 views14 pages

    K.P.B.Hinduja College of Commerce: NG and Finance)

    Uploaded by

    Nikhil Jain
    This document discusses accounting packages and computerized accounting. It notes that accounting done by hand involves cumbersome processes, human errors, difficulties balancing accounts, and errors in principles. Accounting packages allow accounting to be done on computers, which speeds up the process, increases accuracy, and provides advantages of speed and accuracy while also having disadvantages of costs and training needs. It provides details on how a good software package should be user friendly, flexible, allow online queries and editing/deleting. Key features are noted as recording transactions, automatic updating, payments, adjustments, and payroll. Advantages include speed, automatic document production, accuracy, up-to-date information, availability of information and management reports. Disadvantages include costs

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 14

    K.P.B.

    HINDUJA
    COLLEGE
    OF COMMERCE

    STD:F.Y.B.COM(ACCOUNTI
    NG AND FINANCE)
    SUBJECT :
    INFORMATION
    TECHNOLOGY

    SEMESTER: 1
    ROL NAMES OF GROUP
    L MEMBERS:
    NO.:
    16 RICHA JAIN
    28 LAVNEET MANIK
    13 MEGHA JAIN
    14 NIKHIL JAIN
    52 SANKET SHAH
    TANVI MODI
    VINEET SADANI
    TOPIC:
    “ACCOUNTING
    PACKAGES”
    WHY IS ACCOUNTING DO
    ON COMPUTERS?
    • It involves cumbersome process.
    Human errors.
    Balance Sheet does not tally.
    Difficulty in posting journal
    ENTRY TO LEDGER.
    Errors in principle.
    Posting is done wrongly.
    1.It involves cumbersome process.
    2.Human errors.
    C UR ATE NOT ACC
    NOT AC URATE
    BALANCE SHEET
    DOES NOT TALLY:
    INTRODUCTION TO
    COMPUTERISED
    ACCOUNTING
    1) INCREASING NUMBER OF :
    OPERATING ACCOUNTING
    SYSTEMS.
    2) IT CARRIES OUT FUNCTIONS.
    3) BUSINESS MAKES CONSIDERABLE
    USE OF COMPUTER
    4) SPEEDING UP PROCESS.
    5) ADVANTAGES OF SPEED AND
    ACCURACY
    6) DISADVANTAGES OF COST AND
    TRAINING NEEDS
    HOW A GOOD
    SOFTWARE
    PACKAGE SHOULD BE?
    1.User friendly.
    2.Flexible.
    3.Online query.
    4.Error searching.
    5.Edit & Delete.
    FEATURES
    :
    1.Recording.
    2.Automatic updating.
    3.Making payments.
    4.Automatic adjustment.
    5.Payroll.
    ADVANTAGES
    :
    1. Speed.
    2. Automatic document production.
    3. Accuracy.
    4. Up-to-date information.
    5. Availability of information.
    6. Management information.
    7. VAT Return.
    8. Staff motivation.
    DISADVANTAGES:

    1)Capital cost of installation.


    2)Cost of training.
    3)Staff opposition.
    4)Disruption.
    5)System failure.
    6)Back-up requirements.
    7)Breaches of security.
    8)Health dangers.
    BIBLOGRAPHY:

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