Advantages
How many advantages of technology used on accounting did we mention in the video?
4
How many disadvantages of technology used on accounting did we mention in the video?
3
Which accounting software provides free accounting service?
Wave accounting
What are two advantages that have been stated in the video?
- Simplicity
- Reliability
- cost-effectiveness
- ability to collaborate
What are two disadvantages that have been listed in the video?
- Potential Fraud
- Technical issues
- changing technology
What are two accounting softwares that have been mentioned in the video?
- Wave
- QuickBooks
- FreshBooks
What is one advantage of the Cloud-Based system?
provides unlimited storage spaces
makes e-format documents from the web easier to collect and use
synchronize files across multiple platforms
What is the total number of power outages in Ontario up til Nov. 21. 2021?
a) 8566
b) 7566
c) 5179
c) 5179
Who stated that financial criminals are increasingly using AI(artificial intelligence), RPA(robotic process automation), and other advanced technology to perpetrate fraud?
CPA Journal
What error will be reduced if technology is used in accounting?
- transposition error
- incorrect or incomplete recording of transactions
What are the 2 technical issues that were listed in the video?
- power outage
- possibility of virus and failure
- incorrect use of softwares
How many functions were mentioned in the video for QuickBooks Online Advanced.
7