The following are the four basic requirements of a Database Application:
a. Front-end Interface- It acts as an interactive connecting link between the user and the database oriented software through which the user communicates or interacts to the backend database.
b. Back-end Database- It is the data storage system that is hidden from the users. It responds to the requirement of the users to the extent the user is authorised to access.
c. Data Processing- It is a sequence of actions that are taken to transform the input data into useful information for taking various decisions.
d. Reporting System- It is an integrated set of objects that includes all the relevant information that constitutes a report.
Name the various categories of Accounting Package.
The Accounting Packages are classified into the following categories:
a. Ready-to-use or Readymade Software
b. Customised Software
c. Tailored or Tailor-made Software
List the various advantages of Computerised Accounting Systems.
The mentioned below are the various advantages of Computerised Accounting Systems:
a. Speed
b. Accuracy
c. Reliability
d. Up-to-Date Information
e. Real Time User Interface
f. Automated Document Production
g. Scalability
h. Legibility
Give two examples each of the organisations where ‘ready-to-use’, ‘customised’, and ‘tailored’ accounting packages respectively suitable to perform the accounting activity.
‘Ready-to-use’ accounting packages are basically used by the smallsized enterprises. For example, grocery stores, medical stores, etc.
On the other hand, ‘Customised’ accounting packages are basically used by the medium and large business. For example, shopping malls, hospitals, etc.
Whereas, ‘Tailored’ accounting packages are basically used by the geographically scattered businesses. For example, MNC’s, Communication Industries, etc.
