Computers in Accounting Test - 5

Random-access memory is a form of computer data storage which stores frequently used program instructions to increase the general speed of a system. RAM is a volatile Memory.
Secondary storage, secondary memory or external memory, is a non-volatile memory (does not lose stored data when the device is powered down) that is not directly accessible by the CPU, because it is not accessed via the input/output channels (it is an external device). Secondary storage device is for storing data permanently.
A processor is the logic circuitry that responds to and processes the basic instructions that drive a computer. Processor is a processing unit.

Utility software is system software designed to help analyze, configure, optimize or maintain a computer.

The database management system has promising potential advantages, which are explained below:

1. Controlling Redundancy 2. Integrity can be enforced 3. Inconsistency can be avoided 4. Data can be shared 5. Standards can be enforced 6. Restricting unauthorized access 7. Solving Enterprise Requirement than Individual Requirement

Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.

Enterprise performance management (EPM) is a field of business performance management which considers the visibility of operations in a closed-loop model across all facets of the enterprise.

Tailor made software is software that is specially developed for some specific organization or other user.

Accounting software is a computer program build and setup up to store and manages the accounts and also perform arithmetic or accounting operation.

Components of DBMS - Query Processor, Storage Manager and Transaction Manager Component.

COBOL is computer programming language designed for business use. COBOL is primarily used in business, finance, and administrative systems for companies and governments.

An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies.
Management information system (MIS) refers to the processing of information through computers and other intelligent devices to manage and support managerial decisions within an organization.
A database management system (DBMS) is system software for creating and managing databases. The DBMS provides users and programmers with a systematic way to create, retrieve, update and manage data.