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manual systems are inferior to computerised systems 
in terms of productivity, 
speed, accessibility, quality of output, incidence of errors, 'bulk' and when making corrections. 

 
Control is enhanced by an 
integrated accounting system
. 

 
A 
database
may be described as a 'pool' of data, which can be used by any number of applications. Its 
use is not restricted to the accounts department. 

 
Spreadsheets
, too, are often used both in financial accounting and cost accounting. 
CHAPTER ROUNDUP 
BPP Tutor Toolkit Copy

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PART C: ACCOUNTING AND REPORTING SYSTEMS, CONTROLS AND COMPLIANCE 
 
232
 
 
1
Transactions are initially recorded in which of the following?
A 
Books of first entry 
C 
Books of prime entry 
B 
Books of ledger entry 
D 
Books of financial entry 
2
The person responsible for cost accounting is most likely to be the company treasurer. Is this true or 
false? 
3
Internal auditors are employed by 
A 
The company that they audit 
C 
Either A or B 
B 
An independent auditing/accounting firm
4
Which of the following factors have not influenced financial accounting? 
A National 
legislation 
C Accounting 
standards 
B Economic 
factors 
D GAAP 
5
What does GAAP stand for?
A 
Group audit and accountancy policy 
C 
Generally accepted audit policy 
B 
Generally accepted accounting practice D 
Guidelines for accepted accounting principles 
6
What do the key controls over payroll cover?