Which of the following is a benefit of using a computerized accounting information system?
A)It can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
B)The accountant, who inputs data, is not required to review the financial statements for accuracy.
C)The accountant, who inputs data, need not set the correct time period.
D)It automatically transfers the amounts from the general ledger to the financial statements.

Question

Quizplus · Accepted Answer

One of the benefits of using a computerized accounting information system is that it automatically transfers the amounts from the general ledger to the financial statements, ensuring accuracy and saving time for the accountant. Options A and B are incorrect because a computerized accounting system does not measure intrinsic value nor remove the need for financial statement review. Option C is incorrect because the correct time period must still be set by the accountant.

Which of the Following Is a Benefit of Using a Computerized