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Accuracy, Security & Time-saving:
Accounting software also helps in creating more accurate financial statements. ... So for example if the 20 figures which were corrected had increased all together by $100, then the grand total will now be $200 because this type of accounting software will automatically sum up the 30 figures listed and state the correct answer. Accounting software has improved the measures of security and storage incredibly. Now financial statements and other accounting information do not have to be stored on folder leaves or in books. ...
Technology has advanced so much that accountant can be home and send the financial statement from their home to the work office in relatively no time at all. ...
Disadvantage of computer applications on computer technology on Financial Accounting
Computer technology has very little disadvantages on financial accounting. ...
Too much reliance on computer technology
The employees may rely too much on the technology that they feel as if they can’t work without them.
Approximate Word count = 776
Approximate Pages = 3.1
(250 words per page double spaced)
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