An accountant's time is freed up to do more important tasks such as financial analysis due to the assistance provided by using computerized accounting programs.
In order to manage spending, process payments, create budgets, and generate reports, computerized accounting systems are used. In order to provide a uniform database and user interface, it computerizes and automates crucial accounting and budgeting processes.
According to the study's findings, there is a considerable favorable relationship between computerized accounting systems and the accuracy of financial reporting, with a total positive impact of 27.8%.
The term "financial analysis" describes an evaluation of a project, a sub-project, or a business's feasibility, stability, and profitability. Professionals who generate reports using ratios and other methodologies, using data from financial statements and other reports, carry out this task.
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