Which of the following statements is false? Oa. Even small companies use computerized accounting systems. Ob. Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions. Oc. Most computerized accounting systems use principles from manual systems. Od. Large companies often integrate their accounting system with their automated business systems.
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- Big data is mined ________. A. to find business trends B. to record transactions C. as an alternative to creating an accounting information system D. as an alternative to the darknetWhich of the following statements is false? a. Most computerized accounting systems use principles from manual systems. b. Subsidiary ledgers and special journals are only useful when a business doesn’t have a large number of similar transactions. c. Even small companies use computerized accounting systems. d. Large companies often integrate their accounting system with their automated business systems.1. Which of the following statements is false? a.Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions. b.Even small companies use computerized accounting systems. c.Large companies often integrate their accounting system with their automated business systems. d.Most computerized accounting systems use principles from manual systems.
- Which of the following is false about accounting information systems?A. They provide reports that people analyze.B. They prevent errors and stop employees from stealing inventory.C. They are designed to gather data about the company’s transactions.D. They consist of processes that involve input of data from source documents, processing, output, andstorage.What are the limitations of a manual accounting information system in business? How simple is the process to switch from a manual accounting information system to an electronic accounting information system?(This subject is about Accounting Information System.) 1. Because all fraud involves some form of financial misstatement, how is fraudulent statement fraud different? 2. Explain the problems associated with lack of auditor independence. 3. Why is an independent audit committee important to a company? 4. In this age of high technology and computer-based information systems, why are accountants concerned about physical (human) controls? Please provide me a correct answer and PLEASE NO PLAGIARISM. Thank you!!
- What is the relationship between Accounting and an Accountinginformation system? ) • What has happened to the relationship over the years? • What is accounting information? • Name 4 uses of Accounting Information? • Use an example to illustrate the difference between data,information, and intelligence? • Discuss security concerns related to shadow data and businessintelligence technologies. • Discuss the role of accounting professionals in thedevelopment of shadow data. • What is system documentation? • Why is it important to know system documentation? • Explain the 4 elements that makes up the Data Flow Diagrams? • Give an example of who or when one of these documents may berequired • What are Flowcharts? • List an example of an Input/output, processing and storage Symbols • Differentiate between different types of Flowchart? • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and • If you were a new…What is the relationship between Accounting and an Accountinginformation system? • What has happened to the relationship over the years? • What is accounting information? • Name 4 uses of Accounting Information? • Use an example to illustrate the difference between data,information, and intelligence? • Discuss security concerns related to shadow data and businessintelligence technologies. • Discuss the role of accounting professionals in thedevelopment of shadow data. System Documentation • What is system documentation? • Why is it important to know system documentation? • Explain the 4 elements that makes up the Data Flow Diagrams? • Give an example of who or when one of these documents may berequired • What are Flowcharts? • List an example of an Input/output, processing and storage Symbols • Differentiate between different types of Flowchart? • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and •…1. What are the collective procedures implemented by management to ensure that business activities are properly recorded in the accounting system? a.internal accounting system b.double-entry accounting system c.business system d.internal control system 2. A company limits access to computerized accounting records. What can be said of this procedure? a.It is a good example of physical controls. b.It violates adequate documents and records. c.It violates proper segregation of duties. d.It is a good example of independent checks on performance. 3. What element of internal control would include the setting of "tone at the top"? a.control environment b.risk assessment c.monitoring d.control activities
- 1. A clerk in the sales department receives a hard-copy customer order by mail and manually prepares four hard copies of a sales order. This is a typical event in the Group of answer choices b. Expenditure cycle d. Costing cycle a. Revenue cycle c. Conversion cycle 2. Which of these is not a true statement relating to manual and electronic accounting systems? Group of answer choices a. Large businesses integrate their accounting software with their overall computerised information system. b. The accounting principles underlying manual and electronic systems are fundamentally different. c. Computerised systems normally provide more reports, providing greater information to users, than manual systems. d. Most entities today use computerised accounting systems. 3. All of the following are advantages of using subsidiary ledgers, except Group of answer choices a. they make possible a division of labour b. they show all the transactions affecting customers and creditors.…1) Why is it not necessary to model activities such as data entry of information about customers or suppliers, mailing invoices to customers, and recording invoices received from suppliers as events in an REA diagram? 2) How can REA diagrams help an auditor understand a client’s business processes? 3) How would accounts payable be reflected in an REA diagram? Why?“Accounting systems should produce only relevant data and forget about the irrelevant data. Then I’d know what was relevant and what wasn’t!” Commenton this remark by a company president.