(Impacts)
Advantages
Advantages
Why is accuracy an advantage?
*answers vary*
Possible:
-ensure calculations are correct
What technical issues could occur?
*answers vary*
Possible:
-Power outages
-Internet
-unsaved work
Would you rather use technology or paper?
*answers vary*
What are the two types of accounting systems
Manual accounting systems and computerized accounting systems.
Why is time an advantage?
*answers vary*
Possible:
-computer is faster
Why is training an advantage?
*answers vary*
Possible:
-Technology advances quickly
What does CRA stand for?
Canadian Revenue Agency
Which of the accounting systems is faster with lower risk of making errors
Computerized accounting system.
Why is accessibility an advantage?
*answers vary*
Possible:
-accessible anywhere
Why is security a disadvantage?
*answers vary*
Possible:
-fraud
-cyberattacks
What is more commonly used in a professional setting, exel or google sheets?
Exel
List three features of manual accounting systems (could be both pros and cons)
Ex. it is more time consuming and less efficient and high chance of making errors.
Why is automation an advantage?
*answers vary*
Possible:
-Automatic invoices
What percentage of CPAs are under 40?
34%
What is the name of the man who got his identity stolen?
Justin Mounsey
List three features of computerized accounting systems (could be both pros and cons)
Ex. It is faster and more accuracy and less errors could be made.