Examkin

Question

Difficulty: MediumTypes and Features of Accounting Software

Adeola Traders Ltd. acquired a standard commercial accounting application to manage its general ledger. To accommodate its specific invoice layout and reporting needs, the vendor adjusted existing program configuration parameters and added custom template extensions without modifying or rewriting the underlying primary source code. Which type of accounting software does this arrangement represent?

  1. Customized accounting softwareAnswer
  2. B
    Bespoke accounting software
  3. C
    Off-the-shelf accounting software
  4. D
    Batch processing operating system

Answer

Customized accounting software is the correct classification because it involves adapting a ready-made commercial package through system parameters and template modifications without rewriting the core application code.
Customized accounting software refers to ready-made commercial packages that have been adjusted, fine-tuned, or modified with tailored features (such as specialized reports or invoice layouts) to meet specific organizational requirements without rewriting the main program structure.

Step-by-Step Solution

1
Analyze the software acquisition context and modifications described in the scenario.
The firm purchased a standard off-the-shelf package and requested parameter and template adjustments from the vendor.
Identifying whether the software was built from scratch or adapted from a standard package determines its classification.
2
Distinguish between off-the-shelf, customized, and bespoke software definitions.
Standard packages that undergo non-structural adaptations and user-specific configurations are defined as customized software.
Off-the-shelf software has zero modifications, while bespoke software is custom-written from scratch.

Key Concept

Classification of accounting software packages (Off-the-shelf, Customized, and Bespoke)
Rate this question

Topics

Types and Features of Accounting Software

More questions from this topic