How are computer use in education, banking and financing?
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Use of computer in
finance -
The discovery of computers has transformed the financial industry and how business deals are transacted. It is possible for accountants to keep large amounts of data, conduct intricate calculations and manage financial transactions all from a computer. Computer technology today enables global economic capabilities that were impossible only a few decades ago, and computers now influence both business as well as personal financial management.
The discovery of computers has transformed the financial industry and how business deals are transacted. It is possible for accountants to keep large amounts of data, conduct intricate calculations and manage financial transactions all from a computer. Computer technology today enables global economic capabilities that were impossible only a few decades ago, and computers now influence both business as well as personal financial management.
Ease of Communication
Computers enhance financial communication within members of an organization through a network system connecting various departments. With the use of computers, key financial decision makers are able to send financial reports and strategies instead of holding meetings. This system allows people in the finance sector to get updates on world stock exchange, and price changes affecting their business. The use of email also enables financial professionals to inform other departments and consumers of key policy changes, such as price modifications on products and goods.
Spreadsheet Software
Spreadsheet software influences the way both large and medium-sized firms, as well as individuals, key in and organize financial data. Spreadsheet applications are used to run day-to-day financial tasks, such as compiling financial data, presenting the data in an organized manner through the use of charts and graphs, drawing budgets and calculations of complex transactions. This application comes with computer programs, such as Microsoft excel, that enables organizations and individuals to plan finances without wasting too much time.
Education-
Using computers in the classroom gives teachers an opportunity to teach digital citizenship skills that demonstrate ways to use technology correctly and responsibly. Computers also help maximize student engagement. Modern students are regularly exposed to technology outside of the classroom.
Banking-
One of the biggest advantages of online banking technology is that it allows you to handle transactions and monitor your bank statements anytime, anywhere and anyplace. You can access your account on your computer or smart phone 24/7 – when it's most convenient for your schedule.
Another great advantage is a new technology known as Remote Deposit Capture. It's an online service that lets you scan and deposit checks from your home, office or other locations without having to go to your bank. It lets you make deposits faster, with less time spent driving to your bank.
When you conduct your banking online, your transactions are processed almost instantly. For example, you can make purchases or make payments with a debit card instead of a check, and the transactions shows up on your account almost immediately. This gives you more control of timing for transactions, and a better, more accurate view of your current account balance.
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