Question 1

What is tailored accounting package?

Accepted Answer

The accounting software is generally tailored in large business organisations with multi users and geographically scattered locations. These software requires specialised training to the users. The tailored software is designed to meet the specific requirements of the users and form an important part of the organisational MIS. The secrecy and authenticity checks are robust in such softwares and they offer high flexibility in terms of number of users.

Question 2

Discuss the limitations of a computerized accounting system.

Accepted Answer

The following are the limitations of computerized accounting system:1. Heavy cost of installation: Computer hardware needs replacement and software needs to be updated from time to time with the availability of newer versions.2. Cost of training: To ensure effective and efficient use of computerised system of accounting, newer versions of hardware and software are to be introduced. These require special training and hence, cost is incurred to train the staff personnel.3. Fear of unemployment: On account of the introduction of computerised accounting system, the employees feel insecure that they may lose employment and show less interest in computer related work.4. Disruption of work: When computerised system is introduced, the existing process of accounting and other works are interrupted. This results in certain changes in the working environment.5. System failure: The danger of a system crashing due to some failure in hardware can lead to subsequent interruption of work. This is more when no back-up is made.

Computerised Accounting System

Accountancy
718 Views

What is tailored accounting package?

Discuss the limitations of a computerized accounting system.

Computerised Accounting System

Accountancy 718 Views

What is tailored accounting package?

Discuss the limitations of a computerized accounting system.

Accountancy
718 Views