SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Concept of Computerised Accounting System
Concept of Computerised Accounting System Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Concept of Computerised Accounting System Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is a computerized accounting system? |  |
Ans. A computerized accounting system is a software program that helps businesses manage their financial transactions, recordkeeping, and reporting. It automates various accounting tasks such as bookkeeping, invoicing, payroll, and financial analysis, making the process faster, more accurate, and efficient.
| 2. What are the advantages of using a computerized accounting system? | |
Ans. There are several advantages of using a computerized accounting system. Firstly, it reduces the likelihood of errors as manual calculations are eliminated. Secondly, it saves time by automating repetitive tasks and generating reports instantly. Thirdly, it improves data accuracy by minimizing human input. Fourthly, it enhances data security by providing password protection and restricted access. Lastly, it allows for easy retrieval and analysis of financial data, helping in making informed business decisions.
| 3. How does a computerized accounting system generate financial reports? | |
Ans. A computerized accounting system generates financial reports by accumulating and summarizing the financial transactions recorded in the system. It uses predefined templates and formulas to calculate various financial ratios, such as profitability, liquidity, and solvency. These reports can be customized according to the business's specific requirements and can be generated at any time, providing real-time insights into the financial health of the organization.
| 4. Can a computerized accounting system handle multiple currencies? | |
Ans. Yes, a computerized accounting system can handle multiple currencies. It allows businesses to record transactions in different currencies and automatically converts them into the base currency using real-time exchange rates. This feature is particularly useful for businesses operating in international markets or dealing with suppliers and customers from different countries. It ensures accurate financial reporting and simplifies currency conversion calculations.
| 5. What are the potential challenges of implementing a computerized accounting system? | |
Ans. While implementing a computerized accounting system offers numerous benefits, it also comes with some challenges. Firstly, there may be a learning curve for employees who are accustomed to manual accounting processes, requiring training and adaptation. Secondly, there could be initial setup costs, including software purchase and hardware upgrades if required. Thirdly, data security and privacy concerns need to be addressed to protect sensitive financial information. Lastly, technical issues or software glitches may arise, requiring timely troubleshooting and support to ensure uninterrupted operations.
About this Video
|
4.87/5 Rating |
|
Nov 15, 2024 Last updated |
Video Description: Concept of Computerised Accounting System for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Concept of Computerised Accounting System have been prepared according to the SSC CGL exam syllabus.
Information about Concept of Computerised Accounting System covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Concept of Computerised Accounting System.
Introduction of Concept of Computerised Accounting System in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Concept of Computerised Accounting System in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Concept of Computerised Accounting System Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Concept of Computerised Accounting System
Here you can find the meaning of Concept of Computerised Accounting System defined & explained in the simplest way possible.
Besides explaining types of Concept of Computerised Accounting System theory, EduRev gives you an ample number of questions to practice Concept of Computerised Accounting System tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Online Tests
,Summary
,Extra Questions
,Previous Year Questions with Solutions
,mock tests for examination
,Semester Notes
,Previous Year
,Free
,past year papers
,Concept of Computerised Accounting System Video Lecture | SSC CGL Tier 2 - Study Material
,video lectures
,Online Tests
,shortcuts and tricks
,Concept of Computerised Accounting System Video Lecture | SSC CGL Tier 2 - Study Material
,Sample Paper
,practice quizzes
,Exam
,MCQs
,ppt
,Concept of Computerised Accounting System Video Lecture | SSC CGL Tier 2 - Study Material
,Previous Year
,Important questions
,study material
,Previous Year
,Online Tests
,Objective type Questions
,Viva Questions
;
Study Concept of Computerised Accounting System on the App
Students of SSC CGL can study Concept of Computerised Accounting System alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Concept of Computerised Accounting System,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Concept of Computerised Accounting System is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup