What represents a company’s primary means of cummunicaying information to external users?

Q: Identify the following users as either external users (E) or internal users (I): _______ Customers.…

A:

Q: Which internal control objective is concerned with ensuring that accumulated totals in the…

A: Internal controls are the procedures that are implemented to ensure operational efficiency and…

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

Q: What are the advantages of using HRMS in an organisation?

A: (1) Improved data management. HRMS can handle all employee information as well as…

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: which of the following banking-related systems considered as a core system: Select one: O. a. All of…

A: There are various core systems.

Q: What document intiates the sales process

A: Answer: Sales order procedures involves accepting a customer order and processing it, filling the…

Q: How to be an ips officer

A: The answer is stated below:

Q: how to communicate information and monitor control processes in organizations.

A: Information is required for the entity to carry out internal control obligations in order to…

Q: What is shared service agreement menas in a internal control system?

A: Internal Control System:-It is a set of rules and protocol which the company and management set for…

Q: Management of a business enterprise is the major external user of information. Select one: True…

A: Accounting information is information related to accounting operations and financial statements of…

Q: What is (are) the purpose(s) of maintaining a valid vendor file?

A:

Q: What is meant by GAAP? Why should all companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Define risk in an electronic commerce setting.

A: E-Commerce:   E-Commerce also refers to electronic commerce or internet commerce where buying and…

Q: What is the e-business model implemented by Slack? Explain

A: E-business: It is the conduct of business and its associated processes through the internet medium.…

Q: What is the role of the accountant in the SDLC? Why might accountants be called on for input into…

A: System Development Life Cycle (SDLC):   The system development life cycle is a set of series or…

Q: Discuss the key factors to consider in determining how to partition a corporate database.

A: Corporate Database: Corporate database refers to the whole data of any organization from the time of…

Q: What is the relationship among data, information, and an information system?

A: The meanings for following terms are stated below: Data: It can be described as unprocessed facts…

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

A:

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: Definition of cloud accounting

A: The answer is provided as follows:

Q: How does a database lockout contribute to financial data integrity?

A: Definition: Database management: Database management refers to the management of databases held…

Q: Identify risks for accounting systems that rely heavily on IT functions.

A: Risk refers to the outcomes of uncertainties. It can be good if well planned and it can be worst…

Q: what is Strategic Systems Auditing and how it apply to the company?

A: Strategic System Auditing While adopting the strategic system auditing procedures which helps to the…

Q: Documentation is required in helping varying degrees of user sophistication in using the information…

A: Accounting software is the software which is used by the company or any business be it a small…

Q: The efficiency of recording numerous business transactions can be best improved by the use of OA.…

A: Transactions are the exchanges that happened between two parties and that transaction can be…

Q: Discuss how technology based information systems affect accounting

A: Accounting:-It is a record of financial data in a sorting, summarizing, and in a presentation format…

Q: What is an internal exchange transaction, and how is it reported?

A: Internal exchange transactions are those reciprocal exchange transactions that occur between funds…

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: Distinguish between Accounting Information System (AIS) and Management Information System (MIS).

A: Accounting Information System means the system to record financial transactions of any business…

Q: authorization payment

A: Authorization of payment means allow subordinates to make payment after approval of top executives…

Q: Identify the following users as either external users (E) or internal users (I). Suppliers

A: Accounting users: Accounting users are the persons, who use accounting information for investment…

Q: describe the use of the results of the accounting process in security analysis.

A: Financial statements provide the basis for equity and credit analysis. However, analysts must make…

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

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

Q: What type of internal control is verifying source documents before recording transactions?

A: Step 1:   The verification of source documents means to check if all the documents relating to a…

Q: Distinguish the revenue cycle activities and operations of a conventional "brick and mortar" company…

A: THE ANSWER:

Q: What is the role of the data Librarian?

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Which of the following is not an area where the Internet is used for business purposes?

A: Accounting Information System:   The system which helps to gather, store and process the accounting…

Q: What controls should be employed to avoid breaches into an accountijg information system.

A: An Accounting Information System (AIS) is a system which the businesses are using to recognize,…

Q: Which of the following is often called a compensating control?a. transaction authorizationb.…

A: The compensating control is referred to as a type of control that is meant for reducing attacks and…

Q: Who should select the contact user group—the vendor or the prospective user? Why?

A: Contact user groups are the groups containing list of current users being considered as an important…

Q: How can ABM be used by service companies?

A: Activity Based Management Activity-based management is refer as the one of the cost management…