Complete this template by replacing the bracketed text with the relevant information.
Accounting System Questions
1. How does an accounting system provide accurate calculations to prevent errors?
[Insert text.]
2. What are potential concerns related to data security?
[Insert text.]
3. How does an accounting system save time?
[Insert text.]
4. How does using an accounting system enable separation of duties?
[Insert text.]
5. What are the benefits of an ERP system?
[Insert text.]
6. What are the benefits of QuickBooks?
[Insert text.]
Variance and Anomalies Questions
7. How can an accounting system help you find anomalies or variances in financial data?
[Insert text.]
8. Assume you calculated a financial ratio variance of 2x the usual balance for accounts receivable. Why did you calculate a financial ratio variance of 2x the usual balance?
[Insert text.]
9. You are a small company that calculates a normal current ratio at 1.95. This period the current ratio is only 1.45. Why has the ratio decreased?
[Insert text.]
References
Include at least one reference used to complete this chart. This section is for the full citation. Sources should be cited using APA style.