Name three components of a Transaction Processing System.

Q: Give three examples of access control in a POS system.

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Q: What are the five control implications of distributed data processing?

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Q: What are the major functions performed by the OE/S process?  Explain each functions.

A: Order-to-cash process or revenue process is the process undertaken for making sales and receiving…

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

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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: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: Name the major transaction cycles

A: In simple terms, the transaction cycle categorizes the basic business processes. It helps in…

Q: Write up a transaction analysis chart from the given transaction.

A: The Accounting equation is a statement that shows the equality between the resources and the…

Q: How are the three transaction cycle relate to each other?

A: Transaction Cycle is grouping of similar functions of business together under same head. Transaction…

Q: Differentiate the following terms - External and internal information

A: Internal data is information generated from within the business, covering areas such as operations,…

Q: What are the three cycles of transaction processing systems?

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Q: Match each transaction with its related term: Terms Definitions

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to…

Q: What are the three general problems associated with data redundancy?

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Q: What is represented by the labeled lines connecting entities in an REA diagram?

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

Q: Describe what is meant by transaction analysis.

A: Accounting Equation: Accounting equation is the mathematical representation of the relationship…

Q: What are the three elements that distinguish structured and unstructured problems? Give an example…

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

Q: A Data Flow Diagram (DFD) is composed of which of the following elements? Select one: a. Data Flows…

A: A Data Flow Diagram (DFD) is composed of the following elements: 1. Data Flows 2. Transformation…

Q: Give three examples of a transaction processing system.

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Q: Describe the process of transaction analysis.

A: Process of Transaction analysis: The process of transaction analysis involves the selection of…

Q: What are the three authorization controls?

A: In accounting and auditing, the term internal control indicates to a set of measures intended to…

Q: Name the three types of documents.

A: Documents: Document refers to a record of economic activity initiated by an entity. It serves as a…

Q: Discuss transaction cycles.

A: A transaction cycle is an interlocking set of the  business deals. Utmost of these deals can be…

Q: jorunalize the transactions

A: Journal entries recording is the first step in accounting cycle process, in which atleast one…

Q: How are the three transaction cyles relate to each other?

A: All type of business whether it is profit or non-profit organization has three types of transaction…

Q: Describe the two-tier client-server model.

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Q: Distinguish between batch and real-time processing.

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

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…

Q: What are the major functions performed by the OE/S process?  Explain each function.

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Q: Write down the characteristics that defines operating segments.

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

Q: When viewed from the highest to most elemental level, the data hierarchy is a. attribute, record,…

A: Answer:   Option b.

Q: Define Physical location exchange

A: Exchange relates to a platform where the asking and bidding of various securities of different…

Q: Describe the three-tier client-server model.

A: Client-Server Model: A client-server model can be defined as the architecture of distributed…

Q: List the three parts of a control system, and explain how such a system works.

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: Evaluate three accounting system controls.

A: A set of interconnected accounting operations and controls is referred to as an accounting system.…

Q: Transaction analysis for each letter

A: Transaction Analysis Transaction analysis which describes as detailed analysis of the transactions…

Q: For what purpose are entity relationship diagrams used?

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Q: Describe internal event with example.

A: Definition:   Accounting event: An accounting event is a transaction that is recorded in the books…

Q: What are the five control objectives of an operating system?

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Q: three major subsystems of the transaction processing system

A: The transaction processing system is one of the three major subsystems of Accounting Information…

Q: Computer-based systems employ four types of files. Name them.

A: In a computer based systems, there are four types of files: Master Files Transaction Files…

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

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Q: Write down the Types of a transaction according to the Following: Application Structures Action

A: Types of transaction - 1)Based on application  a) non distributed vs distributed transactions b)…

Q: Identify the two main types of software.

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

Q: Give three examples of application controls.

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

Q: Define transaction

A: A transaction is an instance of buying or selling something.

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…