Question 2

Tally.ERP 9 as an accounting software package was exclusively devised to automate and integrate all the operations, such as sales, finance, purchasing, inventory, and manufacturing for many small and medium sized enterprises (SMEs). With Tally.ERP 9, accurate, up-to date business information is literally at your fingertips anywhere in the world.

Required:

With practical examples using a service company as a case study, explain the functionalities that has enabled Tally.ERP 9 to make inroads into the Ghanaian accounting software packages market.

Question 3

a.

State the processes/steps to be performed for each of the following in Tally.ERP 9:

i. Creation of ledgers

ii. Creation of groups/accounts heads

iii. Viewing list of accounts groups created

iv. Verify ledger accounts

v. Creation of a new voucher type

vi. Altering a voucher type

b.

Jobel Company Limited, an insurance brokerage firm, has been posting huge financial losses since the outbreak of the COVID-19 pandemic. The company is in the process of filing for bankruptcy due to the consistent fall of its share price, a situation solely attributable to the COVID-19 pandemic. At the last

vii. Creation of a stock group

viii. Creation of stock categories

ix. Creation of stock items

x. Viewing ageing analysis reports

1

(20 marks)

(10 marks)

shareholders meeting before the pandemic, members voted massively for the introduction of a computerised accounting information system (CAIS) to automate the operations of the company. However, the key management members are clueless as to the key motivating considerations for the migration. As a computerised accounting information systems student, you have been approached by the Chief Executive Officer of the company for advice and direction.

Required:

Write a letter to the Chief Executive Officer discussing the the key motivating considerations for the migration and the extent to which the migration could impact the future operations of the company.