After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system. Required In a paragraph each, address the following questions: a) Discuss five benefits associated with the implementation of the computerized accounting system within the company. b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyou be looking for when selecting a computerized accounting package for the company? Explain any five factors to consider c) Assuming you procure a Sales Ledger package, what kind of reports should we expect? List five types of reports expected to be generated.
After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.
Required
In a paragraph each, address the following questions:
a) Discuss five benefits associated with the implementation of the computerized
accounting system within the company.
b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyou
be looking for when selecting a computerized accounting package for the company?
Explain any five factors to consider
c) Assuming you procure a Sales Ledger package, what kind of reports should we
expect? List five types of reports expected to be generated.
d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?
Explain two advantaged and two disadvantages of an integrated package
e) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes involved
in the configuration of an accounting package.
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