The Use of Computerized Accounting Systems ________

question 214

Multiple Choice

The use of computerized accounting systems ________.

• A) makes it possible for most firms to operate without the expense of hiring or consulting with accountants.
• B) reduces the pressure on managers in making financial decisions.
• C) allows firms to generate financial information almost instantly and whenever the organization needs it.
• D) creates an environment in which accounting has become nothing more than glorified bookkeeping, as all accountants are required to do is enter data into the system and monitor the results the program generates.

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Definitions:

Manufacturing Tax

Manufacturing tax refers to taxes imposed on goods produced within a country; the specifics of these taxes can vary by location and product type.

Accounting Firm

An accounting firm is a business that provides services related to accounting, including audit, bookkeeping, tax preparation, and financial consultancy.

Service Company

A business that provides intangible products or services to customers.

Calculated Manually

A process or calculation done by hand or without the use of automated tools or software.