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Some advantages of computerised systems include:Group of answer choicesthe extensive hard copy documentation and high level of storage requirements for increasing data obtained from transactions.the high level of sophistication of reports that can be generated and the large number of transactions that can be processed.subject to potential loss of data during power failures, large increase in the amount of data to analyse, and lack of segregation of similar IT functions.the reliance on cloud computing, the separation of the accounting information system with other parts of the internal information system, and the lack of internal controls over data.

Question

Some advantages of computerised systems include:Group of answer choicesthe extensive hard copy documentation and high level of storage requirements for increasing data obtained from transactions.the high level of sophistication of reports that can be generated and the large number of transactions that can be processed.subject to potential loss of data during power failures, large increase in the amount of data to analyse, and lack of segregation of similar IT functions.the reliance on cloud computing, the separation of the accounting information system with other parts of the internal information system, and the lack of internal controls over data.

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Solution

Some advantages of computerized systems include:

  1. High level of sophistication of reports: Computerized systems can generate detailed and complex reports that would be time-consuming and difficult to create manually. These reports can provide valuable insights into business operations and performance.

  2. Large number of transactions: Computerized systems can process a large number of transactions quickly and accurately. This is particularly beneficial for businesses that have a high volume of transactions, such as retail businesses.

  3. Reduced storage requirements: With computerized systems, data is stored digitally, which reduces the need for physical storage space. This can result in significant cost savings.

  4. Improved data analysis: Computerized systems can analyze large amounts of data quickly and accurately. This can help businesses make informed decisions and identify trends and patterns.

However, there are also potential disadvantages to consider, such as the risk of data loss during power failures, the need for robust internal controls over data, and the potential for increased complexity and cost associated with managing and maintaining the system.

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