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Achegbulu Joy Acc 101 Assignment

By Achegbulu Joy Ene

Summary

NAME: ACHEGBULU JOY ENE
MAT NO: 16/38471/UE
DEPT: AGRIBUSINESS
OPTION: B.SC AGRIBUSINESS MARKETTING AND CO-OPERATIVE
COURSE CODE: ACC 101
LEVEL: 200

Speed
The main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency. Once data is input, you can create reports literally by pressing a button in a computerized system.
Cost
Another difference between manual and computerized systems is cost. Manual accounting with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with accounting software include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies.
Backup
A third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. You cannot do this with paper records, unless you make copies of all pages--a long and inefficient process.
STORAGE
In Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.
Achegbulu Joy Acc 101 Assignment
 
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Abstract

NAME: ACHEGBULU JOY ENE

MAT NO: 16/38471/UE

DEPT: AGRIBUSINESS

OPTION: B.SC AGRIBUSINESS MARKETTING AND CO-OPERATIVE

COURSE CODE: ACC 101

LEVEL: 200

 

Speed

The main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency. Once data is input, you can create reports literally by pressing a button in a computerized system.

Cost

Another difference between manual and computerized systems is cost. Manual accounting with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with accounting software include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies.

Backup

A third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. You cannot do this with paper records, unless you make copies of all pages--a long and inefficient process.

STORAGE

In Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

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