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Unit Title:Computerized accounting software OCR unit number:12Level:3Credit value:5Guided learning hours:35Unit reference number:L/502/4403Unit purpose and aim
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What is computerised accounting software?
Computerised accounting software is a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance.
Who is required to file computerised accounting software?
Many businesses, especially larger ones, are required to use computerised accounting software to maintain accurate financial records and comply with regulations.
How to fill out computerised accounting software?
To fill out computerised accounting software, users need to input financial transactions, reconcile accounts, generate reports, and make adjustments as needed.
What is the purpose of computerised accounting software?
The purpose of computerised accounting software is to automate and streamline accounting processes, improve accuracy, provide real-time financial information, and facilitate compliance with financial reporting standards.
What information must be reported on computerised accounting software?
Information such as income, expenses, assets, liabilities, equity, payroll data, taxes, and financial statements must be reported on computerised accounting software.
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