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Difficulty: MediumTypes and Features of Accounting Software

Complete the statement below regarding accounting software deployment and security features by filling in the blanks.

Answer:Accounting software that is hosted on remote web servers and accessed over the internet is classified as 【cloud-based】 accounting software, whereas the internal security feature that limits user actions based on defined administrative roles is known as 【access control】.

Answer

The first blank is filled by 'cloud-based' (or 'cloud'), and the second blank is filled by 'access control' (or 'user access control' / 'role-based access control').
Cloud-based software is maintained on remote servers and accessible online, enabling remote real-time bookkeeping. Access control restricts user activities according to designated roles, safeguarding financial integrity.

Step-by-Step Solution

1
Identify the deployment model of accounting software hosted remotely on web servers.
Cloud-based accounting software allows users to access financial records from any location using an internet browser.
Remote hosting and web access define cloud software architecture as opposed to desktop or on-premise installation.
2
Identify the specific internal control feature that restricts transaction entry and viewing rights based on employee roles.
Access control (or user permissions/role-based access control).
Setting user access levels ensures segregation of duties and prevents unauthorized data alteration or unauthorized access to sensitive financial reports.

Key Concept

Types and Features of Accounting Software
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Types and Features of Accounting Software

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