Answered: Although HTML and XML documents look…

Although HTML and XML documents look very similar, and both use tags, explain how they differ significantly as a financial reporting medium.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 2Q: Provide an example of how paper-based accounting information systems are different from computerized...

See similar textbooks

Related questions

Q: What are the different types of accounting software? Explain.

A: Bookkeeping programming is employed information regarding utility product is basic to the suitable…

Q: What is data reliance on a task? (relative to Accounting Information Systems)

A: Introduction: Accounting Information system: Accounting An information system is a collection of…

Q: Provide an example of how paper-based accounting information systems are different from computerized…

A: Accounting information systems: Accounting information systems collects data from different events…

Q: describe accounting as an information system

A: Accounting as an Information System An Accounting as an information system is the system of storing,…

Q: Explain how general controls impact transaction integrity and the financial reporting process.

Q: How does concurrency control contribute to financial data integrity?

A: Concurrency Control: Concurrency control is a system in the database management system that helps…

Q: Draw a diagram depicting the relationship between the general ledger master file, control accounts,…

A: Relationship between the general ledger master file, control accounts, subsidiary files, and…

Q: Define financial data.

A: Financial Data means the unaudited salary explanations identifying with activity of the property for…

Q: how to relate cloud accounting with cost management?

A: Cloud Accounting Cloud Accounting software is similar to traditional, on premises or self installed…

Q: Use of company records would be an example of using __________ data.

A: Explanation and answer is given below,

Q: s an information syste

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: Explain how source data automation is used in the commerce and financial institutions

A: When the data is collected at their point of origin in digital form, it is known as source data…

Q: Explain the two components of a computerized accounting information system.

A: Computerized Accounting Information System: Computerized accounting information are software…

Q: What purpose is served by the output devices of an accounting system?

A: Output devices: Output devices help in taking the information out of the system and provide it to…

Q: Define accounting information system.

A: Accounting Information System (AIS) is a computer-based system used by decision makers to collect,…

Q: Explain accounting domain with example

A: Accounting domain is the wide range of accounting including its all branches like financial…

Q: ng information?

A: Concept: Information contains in the financial statements is said as free from bias. It reflects a…

Q: What is an electronic form, and how is it used in a computerized accounting system?

Q: What are some of the more common uses of data codes in accounting information systems?

Q: What is blockchain technology? How might blockchain technology help to change accounting reporting,…

A: Financial reporting means to furnish the financial records or statements prepared by the…

Q: Explain what is meant by the term management by exception (see, for example:…

A: Management by exception is referred to as a style of business management where the focus is on…

Q: 1.Explain how XBRL differs from HTML and how XBRL is being used in financial reporting. 2.Do you…

A: Lets understand what is XBRL & HTML first-XBRL means xtensible business reporting language is a…

Q: Definition of cloud accounting

A: The answer is provided as follows:

Q: give example ofcativity based accounting and also write a memo

A: Activity-Based Accounting is a way of analyzing and then settling overhead costs by allocating the…

Q: Are computerized accounting systems different than manual accounting systems? How are these…

A: Computerized accounting system refers to the the use of computer software/system for recording the…

Q: Accounting and business environment are commonly interchanged.

A: Accounting refers to the process of recording financial transactions of a business concern in order…

Q: Discuss the key segregation of duties related to computer programs that process accounting…

A: The segregation of duties is an important concept in maintaining the internal control system of the…

Q: Which of the following options best describes TVU's accounting information system (AIS)? Select one:

A: The answer for the multiple choice question and relevant explanation are presented hereunder :…

Q: What different accounting transaction process needs a data warehouse? Why?

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: Compare between computerized accounting and manual accounting

A: The financial transactions are recorded and presented in the financial statments that makes it…

Q: Explain how XBRL differs from HTML and how XBRL is being used in financial reporting. Do you believe…

A: Definition: XBRL means xtensible business reporting language is a software standard developed to…

Q: Accounting deals with quantifiable information.

A: Accounting means recording the financial transactions and converting them into reports to the…

Q: Describe the major constraint inherent in the presentation of accounting information.

A: Accounting information: Accounting information refers to that information which is concluded from…

Q: How does the software Quickbooks relate to accounting?

A: Accounting: It is the recording of financial transaction of the business in a systematic manner and…

Q: . In the relational database environment, certain accounting records (for example, journals and…

A: Determine the reason for non-existence of accounting records in the relational database environment.

Q: What is an accounting information system (AIS)?

A: Accounting Information System:It is a process which collects data, processes the same into…

Q: Examples of Accounting Information System

A: Accounting Information Systems help in the completion of duties related to budget analysis. An…

Q: The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing…

Q: For each of the following, indicate if the statement reflects an input component, output component,…

A: Accounting Information System: It is a structural framework used by business to collect, store,…

Q: Briefly describe the convergence efforts related to financial statement presentation.

A: Meaning of Convergence: Enforcement of a single set of accepted standards by several regulatory…

Q: In a relational database environment, certain accounting records (for example, journals, subsidiary…

A: Relational Database Management System is a system used for database management in which data is…

Q: Does a hash total need to be based on a financial data field? Explain.

A: Internal controls are referred to as the controls that an organization establishes to check the…

Q: Answe these questions in relation to accounting packages systems

A: Here discuss about the details of the sage Pastel software for the Accounting and uses to kept…

Question

Although HTML and XML documents look very similar, and both use tags, explain how they differ significantly as a financial reporting medium.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Explain how XBRL differs from HTML and how XBRL is being used in financial reporting. Do you believe that the use of XBRL improves transparency in financial reporting? Why or why not?
How does the integration of blockchain technology impact the fundamental principles of double-entry accounting and financial statement verification?
Provide an example of how paper-based accounting information systems are different from computerized systems.
1.Explain how XBRL differs from HTML and how XBRL is being used in financial reporting. 2.Do you believe that the use of XBRL improves transparency in financial reporting? Why or why not?
What are some of the more common uses of data codes in accounting information systems?
According to R3 CORDA: A DISTRIBUTED LEDGER TECHNOLOGY FOR FINANCIALSERVICES What is a distributed ledger? What is a blockchain? How is a blockchain similar and different from a distributed ledger?
What is blockchain technology? How might blockchain technology help to change accounting reporting, financial statement presentation or storage of accounting information? How would you assess the viability of blockchain technology?
Explain how source data automation is used in the commerce and financial institutions
May you answer these questions in relation to accounting packages systems
The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing System.b. Human Resources System.c. General Ledger/Financial Reporting System.d. Management Reporting System.