Describe the four levers of control.

Q: nd functionalit ery truck cam when should allenger and

A: Equivalent Uniform Annual Cost(EUAC) is annual cost computed by discounting cost with discounting…

Q: Define three forms of EMH

A: Following are the three forms of EMH: Weak Form EMH: Recommends estimating all prior knowledge is…

Q: Explain the Activity Hierarchies with example?

A: Activity hierarchy is a system that is used in the activity based account to keep track on the…

Q: Describe the five-step decision-making process?

A: To take decision means to choose the one between so many alternatives. Decision making is a process…

Q: What are the four broad objectives of internal control?

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Q: What is CVP and four uses of it

A: Cost volume profit analysis -   - CVP analysis helps in determining how changes in costs and volume…

Q: Give 3 examples of application controls

A: please like the answer your response matters Examples of Application Control:Application controls…

Q: three differences between REA diagrams and ER dia

A: REA diagram REA diagram is a technique used to establish the relationship between resource, events…

Q: Distinguish between narrow and wide span of control. Give an example of tasks appropriate to each…

A: Definition: Space of control: The number of subordinates directly answerable to the employee can…

Q: What are the three most common forms of responsibility centers?

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Q: Data flow diagrams employ four different symbols. What are these symbols, and what does each symbol…

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Q: What are the five components of internal control? Briefly explain each component.

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: List the six systems development controls. List the two systems maintenance controls.

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Q: Explain the three authorized controls

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Q: Name the four basic forms of cardinality.

A: Cardinality: Cardinality defines the degree of relationship between two entities which are…

Q: List the four types of responsibility centers, and briefly describe each.

A: Types of Responsibility centers: 1) Cost Center 2) Revenue Center 3) Profit Center 4) Investment…

Q: What are the five components of internal control? Briefly explain each component?

A: The components of internal controls are explained below :

Q: What are the 3 objectives of Internal Control?

A: Internal controls:                            It is a set of rules, policies and procedures adopted…

Q: What are the three differences between carriage inwards and carriage outwards?

A: Carriage inward & carriage outward are the expenses paid by while purchasing or selling the…

Q: What are the two classes of design input views?

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Q: Controls are classified as general as well as application. Discuss, using appropriate examples, any…

A: Internal Controls: Internal controls are the safeguards put in place within an organization to…

Q: Control is the process that includes the following except:

A: Control is checking current performance against pre-determined standards contained in the plans,…

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: What are the four steps involved in choosing a package?

A: Packages: A package is a combination of system applications with unique features and attributes…

Q: Describe three criteria you would use to evaluate whether a management control system is effective

A: Management control system:

Q: the PW of machine A is:

A: The correct option is : A

Q: Describe the three methods that managers can use to express CVP relationships?

A: CVP relationships means Cost volume profit relationship. It is a analysis used by management to…

Q: Differentiate management control from joint control.

A: Control refers to the authority to make important decisions and rule other important activities of…

Q: Define the term Force account?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: What are two approaches to conceptual systems design?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: What is management by exception? Give three examples?

A: Management by Exception: Management by exception is the process of finding the deviations in the…

Q: (a) Name and describe the five elements of internal control. (b) Is any one element of internal…

A: Internal control refers to the policies and plans of the business organization along with other…

Q: Using the diagram, answer the following questions:What do Symbols 1 and 2 represent?What does the…

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Q: Give three examples of application controls.

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: List four requisites of internal control.

A: Internal control is the assurance built in that ensures compliance with rules and regulations,…

Q: What is a run-to-run control?

A: During computer processing, processing controls keep an eye on the quality of accounting results.…

Q: Define the term attest function.

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Q: What are the three main tasks the operating system performs?

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Q: What are the five components of an internal control system?

A: An internal control system is referred to as a set of rules, guidelines, and policies that are…