Computerised Accounting
Part 1 — the computerised accounting system: what it is, what it needs, which software to choose, and how a business uses it from codes to final accounts. Software is described generically.
In this lesson you will
- Explain the meaning, components and structure of a computerised accounting system and compare it with manual accounting
- State the features, advantages and limitations of computerised accounting
- Distinguish ready-to-use, customised and tailor-made software and choose one for a business
- Design a coding scheme, create groups and ledgers, enter and validate vouchers, and generate the trial balance and final accounts