Tag: accounting information system

Questions Related to accounting information system

Which of the following softwares are used for data processing?
(i) EXCEL (ii) ACCESS (iii) SPSS (iv) STAR (v) PASW.

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. (i), (ii), (iv) and (v)

  2. (ii), (iii), (iv) and (v)

  3. (iii) and (iv)

  4. (i), (iii) and (iv)

Show answer
Correct Option: A
Explanation:

SPSS, as the name suggests, is software for performing statistical procedures in the social sciences field. The major limitation of SPSS is that it cannot be used to analyze a very large data set.

From the following, identify by the web-based financial software.

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. Private Equity Software

  2. Share Accounting Software

  3. Wealth Management Software

  4. WINGS $2013$

Show answer
Correct Option: D
Explanation:

Wings 2013 ERP is a complete enterprise software for small and medium businesses. Wings ERP is a completely web-based software.

Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transaction is ________. 

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. very average

  2. very high

  3. very low

  4. very limited

Show answer
Correct Option: C
Explanation:

Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transactions is very low. This is because the cost of installation is generally low and number of users is limited.

Which of the following software has applications in both Mathematics and Statistics?

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. SPSS

  2. SAS

  3. R

  4. None of the above

Show answer
Correct Option: D

Accounting package is classified in to __________________.

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. Ready-to-use; Customised; Tailored

  2. Recording; Storing of accounting data; Tailored

  3. Ready-to-use; Customised; Recording

  4. Customised; Tailored; Storing of accounting data;

Show answer
Correct Option: A
Explanation:

The accounting packages are classified into the following categories:
1. Ready-to-use
2. Customised
3. Tailored
Each of these categories offers distinctive features.

Secrecy of data and software can be better maintained in ______ software.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Recording

  2. Ready-to-use

  3. Customised

  4. None of the Above

Show answer
Correct Option: C
Explanation:

Secrecy of data and software can be better maintained in customized and tailored software as compared to ready-to-use software.

The cost of installation an maintenance for ready-to-use is _____.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Relatively high

  2. Low

  3. High

  4. None of the Above

Show answer
Correct Option: B
Explanation:

The frequency or volume of accounting transactions in ready-to-use is very low. This is because the cost of installation is low and number of users is limited in ready-to-use.

The number of users and their interface in tailored is _____.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Limited

  2. As per specification

  3. Unlimited

  4. None of the Above

Show answer
Correct Option: C
Explanation:

The Secrecy and authenticity checks are robust in such tailored software and they offer high flexibility in terms of number of users.

The cost of installation and maintenance is relatively high because the high cost is to be paid to the vendor for _____. 

elements of accounts selection of an accounting software package erp practical application of accounting software accounting information system

  1. Recording

  2. Customisation

  3. Ready-to-use

  4. Tailored

Show answer
Correct Option: B
Explanation:

The cost of installation and maintenance is relatively high because the high cost is to be paid to the vendor for customisation. the customisation includes modification and addition to the software content provisions for the specified number of users and their authentication, etc.

Some accounting software is user friendly requiring a _____ training to the users.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. simple

  2. specialised

  3. average

  4. complex

Show answer
Correct Option: A
Explanation:

Some accounting software is user friendly requiring a simple training to the users. Some other complex software packages linked to other information systems requiring intensive training on a continuous basis.