Question 7
An accounting firm that was operating on manual basis decided to use computers in its operations.
- List and explain five computer devices that would be needed in the firm’s operations.
- State five benefits that the firm could derive from the use of computers.
Observation
Most candidates who attempted the question did not performed. The question is an applied one. They candidates could not apply their knowledge on computer to answer the question.
The expected responses to the question include:
(a) Computer devices that would be needed by the accountancy firm
- Monitor: It would be used to display information on the screen for the reader.
- Keyboard: It would be used to input information into the computer.
- System unit: It houses the storage and processing devices of the computer.
- Mouse: It would serve as a pointer to locate information on the screen.
- Printer: It produces paper copies of information stored in the computer.
- External disk/flash drive/compact disc: It is used to save information externally.
- Internet connection/router/modem: It provides connectivity to the world wide web thus enabling digital access to information.
(b) Benefits that the accountancy firm would derive from the use of computers
- It would ease sending and receiving information by the firm through emails.
- It would enhance speedy processing of accounting information using accounting software.
- It would also speed analysis of data.
- Employees could be connected at different stations worldwide.
- The company could expand its clientele base through online advertisement.
- The company better manage its data using computers.
- It enhances accuracy in performance of tasks.