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In: Accounting

What are some important problems that accountants have to deal with in computerized accounting systems that...

What are some important problems that accountants have to deal with in computerized accounting systems that don't occur in manual accounting systems? What are some ways you could improve computerized accounting systems?

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Expert Solution

IMPORTANT PROBLEMS THAT ACCOUNTANTS HAVE TO DEAL WITHIN COMPUTERISED ACCOUNTING SYSTEMS THAT DON'T OCCURED IN MANUAL ACCOUNTING SYSTEM

1 HIGH COST OF INSTALLATION

Computer hardware needs replacement and software needs to be updated from time to time for the availability of newer versions and improved security

2 FAILURE OF EMPLOYMENT

On the introduction of the computerised accounting , that employee feel insecure that they lose their employment and show in interest in computer related work.

3 SYSTEM FAILURE

The system crashing due to hardware failure can lead to subsequent interruptions of work . If there no back up systems .

4 COST OF TRAINING

To ensure the efficient and effective use of computerised system of accounting new version of software and hardware are to be introduced. These each change of computer hardware and software require special training to employees.

5 BREACH OF SECURITY

The danger of viruses and hacking from outsiders may cause complete loss of data or interception of work .

WAYS TO IMPROVE COMPUTERISED ACCOUNTING SYSTEMS

* timely update the software and hardware of the system may reduce the security issue

* provide continuous training to employees reading how to use , what are the changes in new updates , how to store the data securely

* provide passwords , biometric security etc which will decrease the chance of fraud, loss of data etc

* always keep a back up system like cloud site , warm site , grand father son mechanism which will ensure to avoid system failure problems , interruptions in accounting work and recovery from many disasters

The above are the detailed explanation

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