2. Use of technology In Accounting.

Question 1

How to protect your data from others?

Answer 1

• update security passwords.
• install anti- spyware./malware.
• install a firewall.
• use complex secure passwords.
• check security browser settings.

Question 2

What is double entry ?

Answer 2

• the accounting system in which each transaction is recorded twice, as a debit in one account and as a credit in another.

Question 3

What are the 7 uses of accounting software?

Question 4

Give examples of accounting software.

Answer 4

• sage. - QuickBooks.

Question 5

What is a back up?

Answer 5

• to make a copy of information stored on a computer.

Question 6

What are the 8 advantages of technology in accounting?

Answer 6

-Data is entered and processed very rapidly.
◾ Accuracy
◾ Documents can be produced easily and quickly.
◾ Accounting records are updated in real time.
◾ Management information can quickly be made available in report form,
◾ financial transactions can be done electronically.
◾ Resources can be used more efficiently by needing fewer
accounting staff.
◾ Documents can be shared online, or scanned and saved,

Question 7

What are the 8 disadvantages of technology in accounting?

Answer 7

• Installation can be expensive.
  ◾Staff may also be resentful of a
  new system.
  ◾ Staff will need to be trained to use the system.
  ◾ System downtime can be very disruptive.
  ◾ Data back-up at regular intervals is essential.
  ◾ Fraudulent access can seriously affect the business’s operation’s
  ◾ Security measures are vital
  ◾ There are health risks.