PART III-Cloud Computing

Which of the following best describes traditional accounting?

• Relies on manual data entry and paper-based records

• Utilizes cloud-based software for financial management

• Employs automated processes for data analysis

Which of the following is an example of cloud accounting software?

• Microsoft Excel

• QuickBooks Online

• Pen and paper

What is a key consideration for ensuring data security in cloud accounting?

• Storing sensitive data on public servers

• Using outdated software versions

• Implementing strong password policies

Which of the following is a benefit of integration in cloud accounting?

• Streamlined processes and improved data accuracy

• Increased data silos and isolated workflows

• Reduced efficiency and collaboration between departments

What is a potential drawback of cloud accounting?

• Limited accessibility from any location

• Reduced scalability for business growth

• Enhanced data security measures