... drastically as they are all done automatically rather than entering loads of figures into a calculator. The main editing of the accounts is easier also as you just have to delete figures on a screen rather than erase numbers that are wrote down on a page. One huge part of computerised accounts is that there is a part to the system that allows you to plan out finances for the future in 'what if?' scenarios. This can then be integrated in larger business with an MIS. This in turn can produce constant reports on cash flows, valuations and financial analysis. Information can also be shared all over the business if need be. In larger multi-national companies, accounts can be networked worldwide to the rest of the business and can also be made available on the Internet for stakeholders and shareholders alike to check up on how the company is doing. A huge benefit ...

See this essay or coursework document in full right now