What is a NIC?

Q: What is physical location exchanges?

A: Exchanges:  An open and coordinated marketplace for various financial instruments like stocks,…

Q: What is the purpose of Access Security Software?

A: Introduction: Access security is a procedure that is implemented into the information technology…

Q: What is an ERP system?

A: Enterprise Resource Planning (ERP) System: Enterprise Resource Planning System refers to a…

Q: Describe the functions and powers of ASIC

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

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication,…

Q: and maint system?

A: Given information : Initial expenditure = $20 million Time period = 180 years Periodic expenses =…

Q: What do the acronyms ACRS and MACRS stand for?

A: The accelerated cost recovery system was a government United States tax cut presented in 1981 and…

Q: What was the purpose of creating the EDGAR system?

A: Definition:   Electronic Data Gathering, Analysis, and Retrieval (EDGAR) are the electronic filing…

Q: ness document is it?

A: voucher is a backup documents which shows business transactions.

Q: What is the heart of ERP system?

A: Given: It is necessary to inquire about the element at the core of the ERP.

Q: Define Recognition.

A:

Q: What is a constraint?

A: Internal Control:   It refers to a set of rules, policies adopted by a business to ensure accuracy…

Q: What is a proxy statement? What information does it provide?

A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

Q: What are the categories of processing controls?

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: What is lapping?

A: Definition: Lapping: Lapping is an accounting fraud in which an employee steals cash from accounts…

Q: what is double entry system ?

A: Double entry system of accounting is based on the accounting equation as follows: ASSETS = EQUITY…

Q: What is the client-server model?

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

Q: What is view integration?

A: View Integration:  Single model which is created for integrating multiple REA diagrams (which were…

Q: How do CDOs differ from CMBSs?

A: Difference between CDO and CMBS is that CMBS is a subset of CDO. In CMBS the underlying assets are…

Q: What is a cfar?

A: Cash Flow at Risk (CFAR):Cash Flow at Risk is a term which focuses on the risk of receivables and…

Q: What is skimming?

A: Skimming: It is the fraudulent process under which the employees of the company steal the cash from…

Q: Define call protection

A: A financial instrument that does not affect the ownership of the common shareholders or management…

Q: What is internal control?

A: Internal controls are policies incorporated by the Management to safeguard the assets of the…

Q: What are internal controls?

A: Internal Control: Internal control refers to the plan of a company. Implementation of an effective…

Q: What is the internal control principle?

A: Internal control means to control and check everything related to management. It ensures that the…

Q: What is the confirmation process?

A: Confirmation Process: Confirmation process refers to the process for the authentication of the…

Q: Explain an example of external users.

A: Financial Statement:   They are annual reports of an organization summarizing the financial…

Q: What is the NAV?

A: NAV full form is net asset value The detailed explanation is explained in step 2

Q: What are support events?

A:

Q: what is articulation

A: Financial statement They are the records of financial activities which are formal in nature. It…

Q: Define broker

A: Broker is referred as a person or a firm, who used to arrange the transactions between the seller…

Q: What is an XBRL tag?

A: The internal database of the organization is mapped by the computer programs to issue tag to each…

Q: Define controller

A: The controller generally reports to the chief financial officer of the company. In small companies,…

Q: What information is required in a proxy statement?

A: A proxy statement is a document containing the information the Securities and Exchange Commission…