- Imagine you are a consultant hired to convert a manual accounting system to an automated system. Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process. Provide a rationale for your response.
- Identify key risk factors inherent in the automated process. Take a position on whether or not you believe that automation of accounting control systems reduce human error. Support your position.
With increase in technology, companies are processing quite a large amount of data and the era of manual accounting system is quickly vanishing. Imagine a global company such as Coca-Cola using a manual accounting system. This is real recipe for disaster because it would be almost impossible to manage the transactions. The advantages that come with an automated accounting system include:
Speed: data entry into the accounting system is done much faster than in any manual processing. The Graphical User Interface (GUI) that….