Tag: accounting information system

Quizzes (0) Questions (67)

Questions Related to accounting information system

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Following factors are usually taken in considerations before sourcing accounting software:
1. Flexibility; Cost of Installation and Maintenance; Size of Organisation
2. Ease of Adoption and Training needs; Utilities/MIS reports; Expected Level of Secrecy (Software and Data)
3. Exporting/Importing Data Facility; Vendors Reputation and Capability
4. Recording; Customisation; Ready-to-use; Tailored

  1. 1, 2, 3

  2. 2, 3, 4

  3. 1, 3, 4

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Flexibility, Cost of Installation and Maintenance; Size of Organisation; Ease of Adoption and Training needs; Utilities/MIS Reports; Expected level of Secrecy (Software and Data); Exporting/Importing Data Facility; Vendors Reputation and Capability are the factors usually taken in consideration before sourcing accounting software.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

An important consideration before sourcing an accounting software is ____.

  1. Customization

  2. Ready-to-use

  3. Tailored

  4. Flexibility
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An important consideration before sourcing an accounting software is flexibility, viz. data entry and the availability and design of various reports expected from it.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

The tailored software is designed to meet the specific requirements of the users and form an important part of the ______.

  1. Organisational FIS

  2. Organisational MIS

  3. Organisational MIE

  4. Organisational MES
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The tailored software is designed to meet the specific requirement of the users and form an important part of the organisational MIS (Management Information System). Tailored software can interact and share information with the various sub components of the organisational MIS.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

The size of organisation and the volume of business transactions ________ the software choices.

  1. do not affect

  2. do affect

  3. do or do not affect

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The size of the organisation and the volume of business transactions do affect the software choices. Small organisations, e.g. in non-profit organisations, where the number of accounting transactions is not so large, many opt for simple, single user operated software.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Which one of the following is not an accounting software?

  1. Tally

  2. Miracle

  3. Profit

  4. SPSS
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
  • Tally is one of the best business accounting software for accounting, inventory, payroll. 
  • Miracle is general purpose accounting software with features as par current industry standards. Main strength of Miracle is easy to use, scalability and flexibility. Miracle is available in different variants like Premium Copy, Standard Copy, Super Account Copy, Account Copy & Billing Copy.
  • SPSS (Statistical Package for the Social Sciences), also known as IBM SPSS Statistics, is a software package used for the analysis of statistical data. Although the name of SPSS reflects its original use in the field of social sciences, its use has since expanded into other data markets.
  • Profit is not an Accounting software.It is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Unix environment allows ______ compared to Windows.

  1. single-users

  2. multi-users

  3. non-users

  4. None of the Above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Unix environment allows multi-users compared to Windows. In Unix,the user cannot make the computer system functional unless the user clicks with a password, which is not a restriction in Windows.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Which one of the following software's is used for Research Analysis?

  1. SAP

  2. ERP

  3. SPSS

  4. TALLY
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SPSS is short for Statistical Package for the Social Sciences, and it's used by various kinds of researchers for complex statistical data analysis.

Most top research agencies use SPSS to analyze survey data and mine text data so that they can get the most out of their research projects.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

The software must be capable of attracting users and if it requires simple training should be able to motivate its potential users.

This Statement is true for which of the following factor taken in considerations before sourcing an accounting software.

  1. Flexibility

  2. Ease of adaption and training needs

  3. Size of organisation

  4. Expected level of secrecy
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Ease of adaptation and training needs is one of the factor which required for taken in consideration before sourcing an accounting software. Some accounting software is user friendly requiring a simple training to the users. The software must be capable of attracting users and if its requiring simple training should be able to motivate its potential users.