Tag: accounting information system

Questions Related to accounting information system

Following factors are usually taken in considerations before sourcing accounting software:
1. Flexibility; Cost of Installation and Maintenance; Size of Organisation
2. Ease of Adoption and Training needs; Utilities/MIS reports; Expected Level of Secrecy (Software and Data)
3. Exporting/Importing Data Facility; Vendors Reputation and Capability
4. Recording; Customisation; Ready-to-use; Tailored

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

  1. 1, 2, 3

  2. 2, 3, 4

  3. 1, 3, 4

  4. All of the above

Show answer
Correct Option: A
Explanation:

Flexibility, Cost of Installation and Maintenance; Size of Organisation; Ease of Adoption and Training needs; Utilities/MIS Reports; Expected level of Secrecy (Software and Data); Exporting/Importing Data Facility; Vendors Reputation and Capability are the factors usually taken in consideration before sourcing accounting software.

An important consideration before sourcing an accounting software is ____.

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

  1. Customization

  2. Ready-to-use

  3. Tailored

  4. Flexibility

Show answer
Correct Option: D
Explanation:

An important consideration before sourcing an accounting software is flexibility, viz. data entry and the availability and design of various reports expected from it.

The tailored software is designed to meet the specific requirements of the users and form an important part of the ______.

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

  1. Organisational FIS

  2. Organisational MIS

  3. Organisational MIE

  4. Organisational MES

Show answer
Correct Option: B
Explanation:

The tailored software is designed to meet the specific requirement of the users and form an important part of the organisational MIS (Management Information System). Tailored software can interact and share information with the various sub components of the organisational MIS.

Linkage to other information system is ______ in ready-to-use.

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

  1. restricted

  2. not restricted

  3. definite

  4. None of the above

Show answer
Correct Option: A
Explanation:

Ready-to-use software offers little scope of linking to other information systems.

The size of organisation and the volume of business transactions ________ the software choices.

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

  1. do not affect

  2. do affect

  3. do or do not affect

  4. none of the above

Show answer
Correct Option: B
Explanation:

The size of the organisation and the volume of business transactions do affect the software choices. Small organisations, e.g. in non-profit organisations, where the number of accounting transactions is not so large, many opt for simple, single user operated software.

Which one of the following is not an accounting software?

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

  1. Tally

  2. Miracle

  3. Profit

  4. SPSS

Show answer
Correct Option: C
Explanation:
  • Tally is one of the best business accounting software for accounting, inventory, payroll. 
  • Miracle is general purpose accounting software with features as par current industry standards. Main strength of Miracle is easy to use, scalability and flexibility. Miracle is available in different variants like Premium Copy, Standard Copy, Super Account Copy, Account Copy & Billing Copy.
  • SPSS (Statistical Package for the Social Sciences), also known as IBM SPSS Statistics, is a software package used for the analysis of statistical data. Although the name of SPSS reflects its original use in the field of social sciences, its use has since expanded into other data markets.
  • Profit is not an Accounting software.It is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Unix environment allows ______ compared to Windows.

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

  1. single-users

  2. multi-users

  3. non-users

  4. None of the Above

Show answer
Correct Option: B
Explanation:

Unix environment allows multi-users compared to Windows. In Unix,the user cannot make the computer system functional unless the user clicks with a password, which is not a restriction in Windows.

Which one of the following software's is used for Research Analysis?

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

  1. SAP

  2. ERP

  3. SPSS

  4. TALLY

Show answer
Correct Option: C
Explanation:

SPSS is short for Statistical Package for the Social Sciences, and it's used by various kinds of researchers for complex statistical data analysis.

Most top research agencies use SPSS to analyze survey data and mine text data so that they can get the most out of their research projects.

Statistical software packages research in social sciences include________.

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

  1. SPSS

  2. STATA

  3. Mini Tab

  4. All of the above

Show answer
Correct Option: D

The software must be capable of attracting users and if it requires simple training should be able to motivate its potential users.

This Statement is true for which of the following factor taken in considerations before sourcing an accounting software.

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

  1. Flexibility

  2. Ease of adaption and training needs

  3. Size of organisation

  4. Expected level of secrecy

Show answer
Correct Option: B
Explanation:

Ease of adaptation and training needs is one of the factor which required for taken in consideration before sourcing an accounting software. Some accounting software is user friendly requiring a simple training to the users. The software must be capable of attracting users and if its requiring simple training should be able to motivate its potential users.