Question

Which of the following is not an advantage of fixed asset software systems when compared with spreadsheets?

a) better ability to handle non financial data such as asset location
b) easier to apply different depreciation policies to different assets
c) manual processes to link to the general ledger
d) expanded opportunities for customized reporting

Answer 1

Option c) 'manual processes to link to the general ledger' is not an advantage of fixed asset software systems over spreadsheets; the other options listed are indeed advantages of such systems.

Step-by-step explanation:

The question pertains to the comparison between fixed asset software systems and spreadsheets in handling company assets. Specifically, it asks which option listed is not an advantage of using fixed asset software over spreadsheets.

Options a), b), and d) describe the advantages of fixed asset software systems, such as the better ability to handle non-financial data like asset location, the easier application of different depreciation policies to various assets, and the expanded opportunities for customized reporting, option c) is not an advantage.

In fact, manual processes to link to the general ledger are typically considered a disadvantage since automated integration would be more efficient and less prone to errors.