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ACCA Applied Knowledge · Business and Technology · The impact of advances in technology

A company automates its sales order processing so that orders flow from the website through to dispatch and invoicing without manual re-keying. Which is the MOST likely direct benefit for the accounting function?

The most likely benefit is fewer transcription errors and faster transaction processing. Because data flows automatically between stages, there is no manual re-keying, which cuts mistakes and delays, although controls are still needed and fraud risk is not eliminated.

  1. AElimination of the need for any internal controls
  2. BFewer transcription errors and faster processing of transactionsCorrect
  3. CGuaranteed protection against fraud by management
  4. DHigher requirement for manual reconciliation between systems

Explanation

Removing manual re-keying reduces keying errors and speeds processing. Automation does not remove the need for controls, cannot guarantee protection from management override, and integration usually reduces rather than increases reconciliation effort.

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