Data Processing
Data Processing
1. Meaning/Definition:
Data processing refers to the conversion of raw data into meaningful information through a
series of structured steps. It involves collecting, organizing, analyzing, and interpreting data to
produce useful insights for decision-making.
Data processing can be manual, automated, or computerized, depending on the complexity
and volume of data involved.
The physical components of a computer system, including the central processing unit (CPU),
memory (RAM), storage devices (hard drives, SSDs), input devices (keyboard, mouse), output
devices (monitor, printer), and connectivity ports.
Hardware components work together to process data and execute instructions according to
Programs, applications, and operating systems that enable the computer hardware to perform
specific tasks.
Software includes system software (e.g., operating systems) and application software (e.g.,
word processors, spreadsheets, accounting software).
Computers are extensively used in accounting for data processing, financial analysis,
budgeting, payroll processing, inventory management, and reporting.
Accounting software automates routine tasks, reduces errors, improves accuracy, facilitates
financial record-keeping, and enhances decision-making capabilities.
Integration with other business systems enables real-time data sharing and enhances overall
efficiency in financial management.
5. Advantages/Disadvantages of Computers:
Advantages:
Disadvantages:
Intranet:
Internet: