PPT - Computerised Accounting System Commerce Notes | EduRev

Accountancy Class 11

Commerce : PPT - Computerised Accounting System Commerce Notes | EduRev

 Page 2


OBJECT OF STUDY
? To study about computerized accounting.
? To study about manual vs computerized 
accounting.
Page 3


OBJECT OF STUDY
? To study about computerized accounting.
? To study about manual vs computerized 
accounting.
INTRODUCTION
A computerized accounting system is a 
software program that is stored on a 
company's computer, network server, or 
remotely accessed via the Internet and it can 
be a great benefit for a business. It can help 
streamline accounting steps and help 
minimize errors.
Page 4


OBJECT OF STUDY
? To study about computerized accounting.
? To study about manual vs computerized 
accounting.
INTRODUCTION
A computerized accounting system is a 
software program that is stored on a 
company's computer, network server, or 
remotely accessed via the Internet and it can 
be a great benefit for a business. It can help 
streamline accounting steps and help 
minimize errors.
OBJECTIVE OF COMPUTERIZED 
ACCOUNTING
? Labor Saving:
Labor saving is the main aim of introduction of computers in 
accounting. It refers to annual savings in labor cost or increase in the 
volume of work handled by the existing staff.
? Time Saving: 
Savings in time is another object of computerization. Computers 
should be used whenever it is important to save time. It is important 
that jobs should be completed in a specified time such as the 
preparation of pay rolls and statement of accounts. Time so saved 
by using computers may be used for other jobs.
?
Page 5


OBJECT OF STUDY
? To study about computerized accounting.
? To study about manual vs computerized 
accounting.
INTRODUCTION
A computerized accounting system is a 
software program that is stored on a 
company's computer, network server, or 
remotely accessed via the Internet and it can 
be a great benefit for a business. It can help 
streamline accounting steps and help 
minimize errors.
OBJECTIVE OF COMPUTERIZED 
ACCOUNTING
? Labor Saving:
Labor saving is the main aim of introduction of computers in 
accounting. It refers to annual savings in labor cost or increase in the 
volume of work handled by the existing staff.
? Time Saving: 
Savings in time is another object of computerization. Computers 
should be used whenever it is important to save time. It is important 
that jobs should be completed in a specified time such as the 
preparation of pay rolls and statement of accounts. Time so saved 
by using computers may be used for other jobs.
?
? Minimization of Frauds:
Computer is mainly installed to minimize the chances 
of frauds committed by the employees, especially in 
maintaining the books of accounts and handling cash.
? Effect on Personnel:
Computer relieves the manual drudgery, reduces the 
hardness of work and fatigue, and to that extent 
improves the morale of the employees.
? Accuracy:
Accuracy in accounting statements and books of 
accounts is the most important in business. This can 
be done without any errors or mistakes with the help 
of computers. It also helps to locate the errors and 
frauds very easily.
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