Comment on the following: Application of computer has made it possible to handle large number of operations particularly of repetitive nature.

Application of computers has made it possible to handle a large number of operations particularly of repetitive nature. In the area of financial management, computers have helped in activities ranging from routine and repetitive record-keeping activities like accounting, inventory management, budgeting, capital investment decisions, evaluating uncertainties in decision making, cost estimation, information analysis, security analysis, etc. Processing of accounting data including general ledger information and trial balance and preparing income statement and balance sheet has been rendered easy through the use of computers in financial planning and control. Analysis of funds flow, cash flow and income statement and balance sheet is done through the use of computers. Variety of computer analysis are available for forecasting financial needs of the business organisation and making the best choice from amongst the various sources of finance. Thus, the nature of financial decisions and the process therefore has undergone a considerable change with the introduction of computer technology.