The Main Reason a Business May Not Fully Realise the Advantages

question 14

Multiple Choice

The main reason a business may not fully realise the advantages of a computerised accounting system is due to:

• A) lack of back-ups in instances of power failures.
• B) undetected viruses from low security.
• C) unauthorised access by hackers.
• D) failed systems due to problems with the hardware, software or personnel.

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Definitions:

Year Period

Year period refers to a span of 12 months used for financial, reporting, or operational purposes, typically starting on January 1st and ending on December 31st.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.

Ford Motor Company

An American multinational automaker headquartered in Dearborn, Michigan, known for its production of cars and commercial vehicles.

Horizontal Analysis

Horizontal analysis is a financial analysis technique that compares historical financial data over a series of periods to identify trends and growth patterns.