Computerised Accounting Softwares — Chapter Summary
ICSE · Class 11 · Accountancy
Summary of Computerised Accounting Softwares for ICSE Class 11 Accountancy. Part of the ICSE Class 11 Accountancy syllabus.
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Overview
Computerised accounting software is an important part of a computerised accounting system. It helps in recording, processing, and reporting accounting information with the help of a computer. The main need for such software arises when manual accounting is replaced by computerised accounting, or whe
Key Concepts
Accounting software is used for accounting
Accounting software is used for accounting work in a computerised accounting system. It supports recording, processing, and reporting of financial dat
The need arises in two situations
The need arises in two situations: when manual accounting is replaced by computerised accounting, and when an old computerised system is changed to an
Accounting software available on
Accounting software available on-the-spot is called ready to use software. It is easier to learn, has low installation cost, limited users, low secrec
Customised software means making changes
Customised software means making changes in ready to use software to suit specific user requirements. It is more expensive than ready to use software,
Tailor
Tailor-made software means designing and developing user specific software from scratch through discussion between the user and developers. It is diff
Learning Objectives
- To understand the meaning of computerised accounting software
- To identify the main types of accounting software
- To study the features, advantages, and disadvantages of ready to use software
- To study the features, advantages, and disadvantages of customised software
- To study the features, advantages, and disadvantages of tailor-made software
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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