Distinguish between an edit run, a short run, and an update run

Q: Distinguish between continuous, batch, and made-to-order processing.

A: In a batch processing, a sequence of steps are followed in a defined order. Continuous processing…

Q: Define client-side virtualization

A: The Answer :

Q: Define value of operations, Vop

A: Definition: The Present Value of all future free cash flows which are discounted at the Weighted…

Q: Define the conversion cycle.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: Explain how an embedded audit module works.

A:

Q: Define the term reversing entries.

A:

Q: Define operating cycle.

A: Definition:   Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: is the target of data flow. Select one: O a. Destination O b. Pass O c. Source O d. Stores

A: Which is the target of data flow as follows:-

Q: Read and interpret anincome statement.

A: It shows the income generated by the company.

Q: Define software development costs.

A:

Q: Why should test data be saved after it has been used?

A: Test Data: The data which prepared before the conduction of a test to evaluate its results is known…

Q: Define terminal value

A: Terminal value is the value of the project or the security at the end of a specified future date.…

Q: xplain

A: Step 1 Maturity matching, also known as hedging, is a working capital financing method in which we…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Define red-line method

A: Answer: A red-line strategy is nothing but a tactic used for controlling the stock, as it is the…

Q: Difference between the edit, short, and update run

A:

Q: Briefly differentiate between activity-based and time-based allocation methods.

A: Allocation method:The allocation method is referred to as the method in which the allocation base is…

Q: A _________ approach actually schedules in detail eachresource using the setup and runtime required…

A: The business received orders, and then they take some time for manufacturing the products,…

Q: For each of the following file processing operations, indicate whether a sequential file, indexed…

A: Access Method: Access method is the method by which data stored in the database can be located or…

Q: In a data visualization, the vertical axis typically shows __________.   Multiple Choice   values…

A: A column chart will include data labels along the horizontal (X) axis with measured metrics or…

Q: Analyze the system flowchart, and describe in detail the processes that are occurring.

A: Transaction Process System: (1) Transaction process system also helps a business to process all the…

Q: Explain operating cycle.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: What are roll-forward procedures? Provide some examples

A: Roll-Forward Procedure: Auditors perform procedure to draw out the conclusion from an interim date…

Q: Distinguish between batch and real-time processing.

A: Transaction process system:   Transaction process system can be defined as a system designed to…

Q: How are system flowchart and program flowcharts related?

A: System flowchart(SF) is a way to display data flow in a system and the decision to be made for…

Q: For each of the following file processing operations, indicate whether a sequential file, indexed…

A: Definition: Access Method: Access method is the method by which data stored in the database can be…

Q: Describe the four common programmed edit checks.

A: Accounting information system is system which used by businesses for storing, collecting, managing,…

Q: Briefly describe record counts, batch totals, and hash totals. What types of errors in input…

A: Input controls: It is created to provide reasonable guarantee of received data for processing by the…

Q: Which of the following is a value-added activity? a.waiting b.inspection c.processing d.moving

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Explain the GPC backup technique. Is it used for sequential files or direct access techniques?…

A:

Q: Describe what is meant by posting, the fourth step in the processing cycle.

A: Accounting Cycle:Accounting cycle refers to the process of recording a business transaction in the…

Q: Can a turnaround document contain information that is subsequently used as a source document? Why or…

A:

Q: What is changed data capture?

A: Definition: Database: A database can be defined as the collection of data in an organized manner…

Q: Create a General Ledger.

A: In bookkeeping, a general ledger, is a bookkeeping ledger in which accounting data is posted from…

Q: Define deferred call

A: Bonds are fixed-income securities issued by a company or government to raise capital from the…

Q: Define Tagging in XBRL

A: XBRL, or extensible Business Reporting Language, is an XML standard for tagging business and…

Q: Give an example for each of the following control activities in the conversion cycle: transaction…

A:

Q: Define call provision

A: The bonds refer to the debt securities that allow the issuer to raise capital from external sources,…

Q: Identify the two main types of software.

A: two main types of software used in accounting -   ** tally software which is application software.…

Q: Is it a turnaround document contain information that subsequently used as a source    document?…

A:

Q: entry system.

A: Cash basis accounting uses the single entry system of accounting in which entries are made only when…

Q: Explain each step in the update process

A:

Q: Describe the steps required to apply the compressed APVapproach.

A: Steps required to apply the compressed APV approach: Step 1: Prepare forecasted cash flows As with…