Computerized Accounting

FA – May 2012 – L1 – SA – Q19 – Accounting for Inventories in Accordance with IAS 2

Identifying a non-advantage of computerized accounting systems.

Question

Which of the following is NOT an advantage of computer accounting application packages over manual accounting?

A. Generating a variety of accounting reports
B. Improving the quality of financial reporting
C. Allowing the use of common data to update relevant accounting modules
D. Processing larger quantities of data quickly and accurately
E. Allowing non-experts unrestricted use of the application packages

Answer

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Tags: Computerized Accounting, Financial Reporting
Level: Level 1

Topic: Accounting for Inventories (IAS 2)
Series: MAY 2012

Question Tag: Computerized Accounting

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FA – May 2012 – L1 – SA – Q19 – Accounting for Inventories in Accordance with IAS 2

Identifying a non-advantage of computerized accounting systems.

FA – May 2012 – L1 – SA – Q19 – Accounting for Inventories in Accordance with IAS 2

Identifying a non-advantage of computerized accounting systems.

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Question Tag: Computerized Accounting

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FA – May 2012 – L1 – SA – Q19 – Accounting for Inventories in Accordance with IAS 2

Identifying a non-advantage of computerized accounting systems.

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FA – May 2012 – L1 – SA – Q19 – Accounting for Inventories in Accordance with IAS 2

Identifying a non-advantage of computerized accounting systems.

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