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Quick Revision Table
| Concept | Key Detail |
|---|---|
| Computerized accounting | Uses hardware + software; same double-entry principles as manual |
| CAS components | Hardware, Software, Data, People, Procedures |
| Tally Prime founder | Bharat Goenka, Tally Solutions, Bangalore, 1986 |
| SAP founding | 1972, Walldorf, Germany |
| SAP main modules | FI (Financial), CO (Controlling), MM (Materials), HR, SD |
| ERP vs standalone | ERP = all business functions integrated; standalone = accounting only |
| PFMS | Public Financial Management System — CGA, Ministry of Finance; tracks Central govt funds |
| Cloud accounting model | SaaS — software via internet, no local installation |
| Cloud examples | Zoho Books, QuickBooks Online, Sage Business Cloud |
| RDBMS in accounting | MySQL, Oracle DB, MS SQL Server — data in structured tables |
| Audit trail | Automatic log of every entry — who, what, when — immutable record |
| CAATs | Computer-Assisted Audit Techniques — ACL, IDEA, Test Data, Parallel Simulation |
| GST link | Tally Prime auto-generates GSTR-1, GSTR-3B, GSTR-9 |
| GSTN | GST Network — government's tax accounting platform |
| MCA21 | Corporate filing and accounting records portal |
| PYQ status for T053 | Never asked (0 marks) — fresh topic for 2026 exam |