Podcast
Questions and Answers
What major change occurs in the process of recording transactions under CIS environment?
What major change occurs in the process of recording transactions under CIS environment?
- The use of loose-leaf stationeries replaces handwritten records
- Transactions are recorded strictly in sequential order as in manual system
- The order of recording transactions from basic document to prime books and finally to principal book may not be followed strictly (correct)
- All three processes (Prime book of Entry, Ledger, Final accounts) are carried on simultaneously
How does mechanization impact the form of accounting records under CIS environment?
How does mechanization impact the form of accounting records under CIS environment?
- It has no impact on the form of accounting records
- It changes the form of both intermediate and ultimate records more radically than manual records (correct)
- It results in the abandonment of all primary records
- It leads to the use of handwritten bound records instead of loose-leaf stationeries
What is one significant way that computerization impacts the process of recording transactions?
What is one significant way that computerization impacts the process of recording transactions?
- It may not strictly follow the sequential order of recording transactions (correct)
- It allows simultaneous carrying out of all three processes
- It leads to the abandonment of all primary records
- It simplifies the process by strictly following sequential order
How are loose-leaf stationeries utilized in electronic medium different from bound handwritten records used in manual accounting processes?
How are loose-leaf stationeries utilized in electronic medium different from bound handwritten records used in manual accounting processes?
In what way does CIS mechanization impact accounting records?
In what way does CIS mechanization impact accounting records?
What is a primary change that occurs in the use of loose-leaf stationeries under CIS environment?
What is a primary change that occurs in the use of loose-leaf stationeries under CIS environment?
What issue may accountants and auditors face with the use of alpha-numeric codes in computerized information systems?
What issue may accountants and auditors face with the use of alpha-numeric codes in computerized information systems?
What problem arises due to the inadequacy or absence of cross-reference between basic documents and principal records in computerized information system environments?
What problem arises due to the inadequacy or absence of cross-reference between basic documents and principal records in computerized information system environments?
What is a recent change that may pose a challenge for auditors in discharging businesses’ responsibilities in a computerized information system environment?
What is a recent change that may pose a challenge for auditors in discharging businesses’ responsibilities in a computerized information system environment?
What is becoming crucial in systems development, leading to the use of CASE (Computer Aided Software Engineering) tools by many organizations?
What is becoming crucial in systems development, leading to the use of CASE (Computer Aided Software Engineering) tools by many organizations?
What is end user computing, which is on the increase in a computerized information system environment?
What is end user computing, which is on the increase in a computerized information system environment?
