BUAW - New Tech and Data Security Flashcards
1
Q
Benefits of accounting software?
A
- Improved data integrity
- More efficient approval
- Greater internal data visibility
- Quicker payment from customers
2
Q
Benefits of automation of accounting processes
A
- Improved data integrity
- More efficient approval
- Greater internal data visibility
- Quicker payment from customers
3
Q
What is a blockchain?
A
A digital ledger of transactions shared across a network of computers
4
Q
What uses for AI are there?
A
- Coding of data
- Audit of information
- Forecasting future data
- Analysing complex data
5
Q
What types of electronic signatures are there?
A
- Simple
- Advanced
- Qualified
6
Q
What is data analytics?
A
The process of collecting, organising and analysing large amount of data
7
Q
What are the 4 types of data analytics?
A
Descriptive
Diagnostic
Predictive
Prescriptive
8
Q
What are the features of cloud accounting?
A
- Remote access
- Remote data storage
- Multi-user access
- Automation capabilities
- Availability of apps
- Interaction with stakeholders
- Real-time data
