Accounting Technician Software & Technology Flashcards
7 cards from real CAT practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Accounting Technician Software & Technology flashcards as text
A company migrates from a desktop accounting package to a cloud ERP. What is the MOST important step before going live?
Answer: Run parallel processing to verify outputs match between old and new systems
Parallel processing runs both systems simultaneously so outputs can be compared, catching data errors or mapping issues before the old system is decommissioned.
In a spreadsheet, the formula =VLOOKUP(A2, Customers!$A:$C, 3, FALSE) returns an error #N/A. What is the MOST likely cause?
Answer: The value in A2 does not exist in the first column of the lookup range
#N/A in VLOOKUP means the lookup value was not found in the first column of the specified range, indicating a missing or mismatched entry.
What does the term 'drill-down' mean in the context of accounting software dashboards?
Answer: Clicking on a summary figure to see the underlying detailed transactions
Drill-down lets users click on a summarized figure (e.g., total sales) to navigate to the individual transactions that make up that total.
Which module in an ERP system would an accounting technician use to record the purchase of raw materials from a supplier?
Answer: Accounts Payable / Purchase Order module
The Accounts Payable or Purchase Order module handles supplier invoices, purchase orders, and payments for goods and services received.
An accounting technician exports a report to PDF and notices figures differ from the on-screen view. What should be checked FIRST?
Answer: Verify the report date range and filter settings used for the export
Discrepancies between on-screen and exported reports are most commonly caused by different date ranges or filters being applied at export time.
In cloud accounting software, what does 'real-time collaboration' primarily allow accounting teams to do?
Answer: Multiple users to view and edit the same data simultaneously from different locations
Real-time collaboration in cloud software means multiple authorized users can access, enter, and review the same financial data concurrently without version conflicts.
What is the purpose of audit trail functionality in accounting software?
Answer: To record a log of who made changes, what was changed, and when
An audit trail logs every data change with user, timestamp, and before/after values, supporting accountability and fraud detection.