Which of the Following Is a Benefit of Using a Computerized

question 10

Multiple Choice

Which of the following is a benefit of using a computerized accounting information system?

• A)It can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
• B)The accountant, who inputs data, is not required to review the financial statements for accuracy.
• C)The accountant, who inputs data, need not set the correct time period.
• D)It automatically transfers the amounts from the general ledger to the financial statements.

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Definitions:

Administrative Agencies

Government bodies responsible for the oversight and administration of specific functions and laws, including regulation and enforcement.

Jury Trials

Legal proceedings where a group of citizens is selected to hear the evidence and make a decision in a court case.

Administrative Agencies

Administrative agencies are government bodies responsible for administering laws and regulations, and overseeing the implementation and enforcement of policies within specific areas.

APA

The American Psychological Association, a leading scientific and professional organization representing psychology in the United States.