Question: Section C: Essay 20 Marks A student in ACC503 course was overheard making the following remarks: Why are we learning how to prepare adjusted financial

Section C: Essay 20 Marks A student in ACC503 course was overheard making the following remarks: "Why are we learning how to prepare adjusted financial statements in class when there are accounting computer packages available these days which can handle all of these details." Required: Write an essay addressing the following: a) Define manual vs computerized accounting systems. (4 marks) b) Compare manual and computerized systems with reference to accuracy, backup and preparation of financial statements. (6 marks) c) Define accounting software and list three (3) relevant software's applicable to accounting profession. (5 marks) d) Discuss at least three (3) objectives of computerized systems and provide reasons to support your answer. (5 marks) THE END

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