BUAW - New Tech and Data Security

Question 1

Benefits of accounting software?

Answer 1

• Improved data integrity
• More efficient approval
• Greater internal data visibility
• Quicker payment from customers

Question 2

Benefits of automation of accounting processes

Answer 2

• Improved data integrity
• More efficient approval
• Greater internal data visibility
• Quicker payment from customers

Question 3

What is a blockchain?

Answer 3

A digital ledger of transactions shared across a network of computers

Question 4

What uses for AI are there?

Answer 4

• Coding of data
• Audit of information
• Forecasting future data
• Analysing complex data

Question 5

What types of electronic signatures are there?

Answer 5

• Simple
• Advanced
• Qualified

Question 6

What is data analytics?

Answer 6

The process of collecting, organising and analysing large amount of data

Question 7

What are the 4 types of data analytics?

Answer 7

Descriptive
Diagnostic
Predictive
Prescriptive

Question 8

What are the features of cloud accounting?

Answer 8

• Remote access
• Remote data storage
• Multi-user access
• Automation capabilities
• Availability of apps
• Interaction with stakeholders
• Real-time data