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Overview of CAS
CBSE
Accountancy Class 12
Overview of CAS
Overview of CAS
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What is an example of CAS software?
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Tally, QuickBooks, or SAP.
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What is an example of CAS software?
Tally, QuickBooks, or SAP.
What does CAS stand for?
Computerized Accounting Systems.
What is the primary function of CAS?
To manage financial transactions and records using computer software.
Name a key component of CAS.
Hardware, Software, Data, People, or Procedures.
What is a major advantage of using CAS?
Increased accuracy by reducing human error.
How does CAS improve speed in accounting?
By automating processes that would take hours manually.
What does scalability in CAS refer to?
The ability to handle a large volume of transactions and complex data.
What type of reporting does CAS provide?
Real-time financial reporting.
What is a disadvantage of CAS related to cost?
The initial setup cost can be high.
What technical issue can affect CAS?
System failures or software bugs.
What security risk is associated with CAS?
Cyber-attacks and data breaches.
What is off-the-shelf software in CAS?
Ready-made software solutions designed for general use.
What is customized software in CAS?
Tailored software solutions designed to meet specific business needs.
What is an ERP system?
Enterprise Resource Planning system that integrates various business processes.
What feature of CAS helps maintain accurate ledgers?
Automated ledger management.
How does CAS assist with payroll management?
By handling payroll calculations, tax deductions, and salary disbursements.
What does CAS do for inventory management?
Tracks inventory levels, orders, and sales.
What is the purpose of data backup in CAS?
To ensure that financial data is not lost.
What is the first step in implementing CAS?
Planning and identifying business needs.
What is the importance of training in CAS implementation?
To ensure staff can use the new system effectively.
What is the outcome of the example calculation in CAS?
Profit of $20,000 calculated from sales of $50,000 and expenses of $30,000.
What is the conclusion about CAS in the document?
CAS revolutionizes accountancy by automating processes and providing real-time insights.
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