🎁Class Involvement🎁

Advantages

1

How many advantages of technology used on accounting did we mention in the video?

4

2

What are two advantages that have been stated in the video?

- Simplicity

- Reliability

- cost-effectiveness

- ability to collaborate

3

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

4

What error will be reduced if technology is used in accounting? 

- transposition error

- incorrect or incomplete recording of transactions

Disadvantages

1

How many disadvantages of technology used on accounting did we mention in the video?

3

2

What are two disadvantages that have been listed in the video?

- Potential Fraud

- Technical issues

- changing technology

3

What is the total number of power outages in Ontario up til Nov. 21. 2021?

a) 8566

b) 7566

c) 5179

c) 5179

4

What are the 2 technical issues that were listed in the video?

- power outage

- possibility of virus and failure 

- incorrect use of softwares

Did you listen?

1

Which accounting software provides free accounting service?

Wave accounting

2

What are two accounting softwares that have been mentioned in the video?

- Wave

- QuickBooks

- FreshBooks

3

Who stated that financial criminals are increasingly using AI(artificial intelligence), RPA(robotic process automation), and other advanced technology to perpetrate fraud?

CPA Journal

4

How many functions were mentioned in the video for QuickBooks Online Advanced. 

7