list the advantages of a database system?Explain the role of computer in accounting.

list the advantages of a database system?Explain the role of computer in accounting.

ADVANTAGES AND DISADVANTAGES OF A COMPUTER a computer is surely advantages because of the high speed of operation and greater accuracy it pr... 08:42

ADVANTAGES AND DISADVANTAGES OF A COMPUTER
a computer is surely advantages because of the high speed of operation and greater accuracy it provides, saving effected by better managerial control, savings in labor because it is fully automatic and finally because of its flexibility in use however, there is a considerable capital outlay with difficulty experienced analysand programmers, breed down and maintenance troubles and finally fear of obsolescence due to repaid development of computers.
ROLE OF COMPUTER IN ACCOUNTING
the commercial application of computer has about revolutionary changes in the industrial environment. computational has made its presence felt in every area of commercial application, may it be accounting or stores of may be sales or production planning and control.
in area of accounting, there is a lot of monotonous work, which is required to be done annually. for example, making entries into journal, updating the ledger, writing day book, preparing vouchers etc. all these repetitive activities are performed by the computer. once the data relating to a particular transaction is keyed in, the rest of the posting in the appropriate accounts and books is done by the system itself. from the same data vouchers are generated.
in the area of accounting the major contribution of computer has been as follows:
1.  elimination of substantial manual efforts involved in posting entries in various books of accounting.
2.  availability if any information on hand, regarding debtors, creditors funds position, etc. with ease and greater speed.
3.  processing voluminous accounting data and obtain desired results in a less time.
4.   automatic reconciliation of accounts and preparation of financial statements and other accounting reports accurately and in a better form.
5.   saving of substantial time applied in updating the books of accounts.
6.   saving in storage space required for keeping voluminous data.
7.    saving in costs in terms of manpower.
8.     useful in the areas of payroll accounting and inventory control.
9.      useful also in the preparation of price quotations, preparing invoice, sales forecasting, credit control etc.