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 and thus no training or financial statement review is necessary.
D) The software automatically transfers the amounts from the general ledger to the financial statements.

Question

Quizplus · Accepted Answer

Computerized accounting information systems automatically transfer the amounts from the general ledger to the financial statements, which saves time and reduces the risk of manual errors. This is a significant benefit of using such a system. Choices A, B, and C are incorrect as they do not accurately describe the benefits of using a computerized accounting information system.

Which of the Following Is a Benefit of Using a Computerized