Describe the hierarchy of accounts and explain the life cycle of data. (10 marks) a) Discuss five features of GnuCash an

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Describe the hierarchy of accounts and explain the life cycle of
data. (10 marks) a) Discuss five features of GnuCash and techniques
of storage of data. (5 marks) b) Explain five risks KG15 Ltd would
face if it operates a Computerised accounting system in it
accounting for inventory in the stores. (5 marks) c) Explain four
benefits of preparing a payroll using Computerised processes. (5
marks) Total 25 Marks Q.4. Write a memo to management of KG15 Ltd
on: i. Importance, functions, limitations and application of a
computerised payroll system to a company of your choice in Uganda.
(10 marks) ii. Risks of implementing computerised accounting and
how they can be mitigated in Cavendish University. (5 marks) iii.
Discuss the key controls that can be implemented in the
Computerised accounting environment, highlighting limitations of
each. (5 marks) Total 25 marks