The Evolution of Accounting: Computerised vs Manual Systems

The Evolution of Accounting: Computerised vs Manual Systems

Learning Objective

Understand the advantages and disadvantages of using a computerised accounting package compared to a manual bookkeeping system.

What do you already know about computerised accounting versus manual bookkeeping?

Introduction to Accounting Systems

Accounting systems are essential for tracking financial transactions and managing business operations. There are two main types: computerised and manual.

Advantages of Computerised Accounting

Efficiency, accuracy, real-time reporting, and automated calculations are key advantages of computerised accounting packages.

Disadvantages of Computerised Accounting

Initial setup costs, reliance on technology, and potential security risks are some drawbacks of computerised accounting systems.

Advantages of Manual Bookkeeping

Lower cost, simplicity, and independence from technology are advantages of manual bookkeeping systems.

Disadvantages of Manual Bookkeeping

Prone to errors, time-consuming, and limited scalability are key disadvantages of manual bookkeeping.

Comparison of Systems

Comparing the advantages and disadvantages helps businesses determine which system best suits their needs.

Conclusion

Understanding the pros and cons of computerised and manual systems is crucial for making informed decisions in accounting practices.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.