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  • Advantages and Disadvantages

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    Ross Q
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    This document compares the advantages and disadvantages of computerized accounting versus human accountants. The advantages of computerized accounting include accuracy, speed, security, cost efficiency and minimizing errors, while the disadvantages are high installation costs, training costs and being time-consuming. For human accountants, the advantages are better planning, utilizing resources, training programs and motivating employees, and the disadvantages are lack of guidelines, measurement problems, absence of standards, difficulties valuing contributions, and ideas may not be accepted.

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    This document compares the advantages and disadvantages of computerized accounting versus human accountants. The advantages of computerized accounting include accuracy, speed, security, cost efficiency and minimizing errors, while the disadvantages are high installation costs, training costs and being time-consuming. For human accountants, the advantages are better planning, utilizing resources, training programs and motivating employees, and the disadvantages are lack of guidelines, measurement problems, absence of standards, difficulties valuing contributions, and ideas may not be accepted.

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    8 views1 page

    Advantages and Disadvantages

    Uploaded by

    Ross Q
    This document compares the advantages and disadvantages of computerized accounting versus human accountants. The advantages of computerized accounting include accuracy, speed, security, cost efficiency and minimizing errors, while the disadvantages are high installation costs, training costs and being time-consuming. For human accountants, the advantages are better planning, utilizing resources, training programs and motivating employees, and the disadvantages are lack of guidelines, measurement problems, absence of standards, difficulties valuing contributions, and ideas may not be accepted.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Advantages and disadvantages of computerized accounting.

    Advantages

    ▪ Accuracy
    ▪ Speed
    ▪ Security
    ▪ Cost Efficient
    ▪ Automation
    ▪ Minimize Calculation error

    Disadvantages

    ▪ High Cost of Installation


    ▪ Training Cost
    ▪ Time-Consuming
    ▪ Maybe Hacked

    Advantages and disadvantages of human accountants.

    Advantages

    ▪ Better Manpower Planning


    ▪ Proper Utilization of Human Resources
    ▪ Designs Training and Development Programmers
    ▪ Formulates Better Personal Policies
    ▪ Motivates Employees
    ▪ Communicates Information to Investors

    Disadvantages

    ▪ No Clear-Cut Guidelines
    ▪ Measurement Problems
    ▪ Absence Of Standardized Procedure
    ▪ Dehumanize Human Resources
    ▪ No Evidence
    ▪ Idea May Not Be Accepted
    ▪ Unrealistic Valuation

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