Term

pros of computerized accounting systems

Definition

- faster provision of information - provision of information that would not be easily available without computerized accounting - once setup, cheaper information - more accurate information

Term

computerized accounting system structure

Definition

- input data - processing data -> -< computer files - output information

Term

Types of data processing

Definition

- batch processing: input data is accumulates into batches and processed all at once - real time on-line processing: output information is updated as transactions happens.