Finance Technology Flashcards
(7 cards)
1
Q
What are uses of technology in finance?
A
- Spreadsheets
- Presentations
- Internet banking
- Accounting software
2
Q
Spreadsheets:
A
Used to prepare financial statements
3
Q
Spreadsheet advantages:
A
- Limited errors with accurate calculations
- Formula can be replicated
- Charts and graphs can be generated
- Fewer staff required and saved costs
- Can work with more than one person so changes made in real time
4
Q
Presentation:
A
Can display information in an eyecatching manor
5
Q
Email:
A
Can be used to circulate financial information quickly
6
Q
Internet banking:
A
Used to make payments and check balances quickly
7
Q
Accounting software:
A
Used to keep track of payments and income and send invoices
