Which of the following is a benefit of using a computerized accounting information system?
A)The software can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
B)There is no need to review the financial statements for accuracy.
C)The software is easy to use,thus no training or review is necessary.
D)The software automatically transfers the amounts from the general ledger to the financial statements.

Question

Quizplus · Accepted Answer

Using a computerized accounting information system allows for the automatic transfer of amounts from the general ledger to the financial statements, reducing the risk of human error and increasing efficiency in the accounting process. The other choices are incorrect as they do not accurately reflect the benefits of using a computerized accounting system.

Which of the Following Is a Benefit of Using a Computerized