1: List at least six (6) features of desktop and cloud-based computerised accounting systems.

2A: List examples two (2) organisational policies and procedures that would need to be amended when operating a computerised accounting system. Example: employee login

Q2B: Referring to Q2A above, outline the key features from the two examples that you have provided that would need to be amended for the listed organisational policies and procedures? Example: employee password need to be updated every 4 weeks

Q3A. List 4 examples of common source documents that are used to retrieve financial data?

Q3B: Referring to Q3A the list of examples that you have provided above, identify key information that is normally included in all of these source documents?

Q4: Computerised accounting systems have important requirements relating to information privacy and legislation/laws in financial services industry.

Choose one of the legislation and explain the key requirements of storing information securely and in line with legislative and organisational requirements.

Q5A: It is important to maintain a secure record of all processed transaction for audit purposes.

Explain how one could maintain electronic records particularly relating to storage solutions of processed transactions. Eg: explain about backup, etc

Q5B: It is important to maintain a secure record of all processed transaction for audit purposes.

Explain how one could maintain electronic file security particularly relating to fraudulent transactions.

Eg: explain about user id or passwaord, etc

Q6: Provide two (2) sources of obtaining technical help using MYOB software and how to use the (2) sources that you have provided to solve operational problems.

Q7: Privacy of information is a legal and regulatory requirement when operating a computerised accounting system in the financial services industry.

List 4 relevant legislation to the financial services industry that an organisation must comply with when operating a cloud computing accounting system.

Q8: Discuss what needs to be considered when conducting a review of a small Bookkeeping business's computer resources.

Q9: Identify and discuss future computing needs and potential improvements to business operations with relevant stakeholders (owners, employees, customers) within a business.

Answer rating: 100% (QA)

Q1 Desktop accounting systems 1 Installed on a local computer or server 2 Data is stored locally 3 Requires ongoing maintenance and updates 4 Can be more expensive to set up and maintain 5 May require ... View the full answer