Question

Explain any three features of Computerized Accounting System.

Hint:

Pick any three of the five features, such as Accuracy and Speed, Scalability and Reliability, and explain each in a line or two.

Answer 1

Step 1: What the question needs:
We must explain any three features of a Computerised Accounting System (CAS). Each feature carries 1 mark, half for its name and half for the explanation. So three features give 3 marks.

Step 2: Feature 1, Simple and Integrated:
CAS can be combined with an enhanced MIS, multi-lingual support and data organisation tools. This simplifies all the business processes of the organisation easily and at low cost.

Step 3: Feature 2, Transparency and Control:
CAS gives enough time to plan, makes data easier to reach and raises user satisfaction. It makes the day-to-day business operations transparent and gives access to vital information.

Step 4: Feature 3, Accuracy and Speed:
CAS gives user-definable templates. With these, transactions are entered fast and with few errors.

Step 5: Other features we may choose:
Scalability: CAS can handle more or less data as the business grows or shrinks. It suits any size and type of organisation.
Reliability: CAS keeps the critical financial information accurate, controlled and secure.
We need only three of the five features in the answer.

Final Answer:
Three features of CAS are Simple and Integrated, Transparency and Control, and Accuracy and Speed.