Oklahoma Chemicals plans to use its computers to post information from journals to the ledger instantaneously. One obvious benefit of this technology is:
A) a reduction in the number of accountants required by the firm.
B) less scrutiny from agencies such as the Internal Revenue Service.
C) to shift financial decision making from people to programmed technology.
D) readily available financial information.

Question

Quizplus · Accepted Answer

The use of computers to post information from journals to the ledger instantaneously leads to readily available financial information. This can be a big benefit to the firm as it can help in making quick and informed financial decisions. However, it does not necessarily reduce the number of accountants required by the firm nor does it imply less scrutiny from agencies like the Internal Revenue Service. It may involve a shift towards technology-assisted financial decision making but it does not completely replace human involvement in the process.

Oklahoma Chemicals Plans to Use Its Computers to Post Information