Weakness of Accounting System Information:
Learning Accounting System Information can be burdensome and time consuming. People have to be trained in order to access it. However, this will take both time and man power. An Accounting System Information is comprised of many different parts and usually most components are computerised. It is due to complexity of it that many people find it difficult and are unable to understand its value. It takes ample time to train the employees. If any one of the employees leaves then again time will be taken to train another employee.
Accounting System Information is mainly computerised. If the system crashes or power cuts off while working then there are chances of data getting lost. There are also chances of information getting lost through virus. Anti –virus can be installed or other precautions can be taken to protect the data. Accounting System Information stores data for many financial years. If data is lost then it is going to have dangerous impact on the company. Therefore backups should be taken at regular intervals.
Nothing is constant in this world. As and when new techniques come in market, way of doing business keeps changing. In order to keep updated with latest trends, company changes their way of doing business. This will affect Accounting System Information. Every business has its own way of doing its business; therefore it is difficult to set up Accounting System Information. In order to be updated, Accounting System Information has to be re-evaluated often. This will take both time and money.