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

Q: What are the fundamental objectives of all information systems?

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Q: What does XML stand for?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: Discuss how the elements of efficiency, effectiveness, and flexibility are crucial to the design of…

A: Information system is a system which consists of some interrelated components which stores, edits…

Q: What is the objective of a transaction log?

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

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: what are the process of system flowchart?

A: System flowchart is the diagrammatically representation of how data (or information) flows from one…

Q: What is meant by cardinality in entity relationship diagrams?

A: An entity relationship diagram is a representation of all the resources that are associated with the…

Q: What is a user view?

A: Database Management:  Database management refers to management of databases held within an…

Q: What do you mean by Count Data? When it arises?

A: Count data:  Count data is a kind of statistical data, in which the observations might only consider…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: Define the term internal users.

A: Internal users are people within a business organization who use financial information. Examples of…

Q: What do you mean by electronic data interchange?

A: Accounting information systems: Accounting information systems collect data from different events…

Q: What is the relationship between a database table and a user view?

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Q: What is a Data Definition Language?

A: Data definition language is known as DDL. DDL is a set of SQL commands that can be used to define…

Q: What is a semantic data model?

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Q: what is an example of data flow diagram, fixed asses system?

A: A data flow diagram (DFD) refers to a graphical representation of a flow of any information or…

Q: What rules govern data collection?

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Q: What is an access control list?

A: Access Control List  The list which restricts the access of the objects attached in an information…

Q: What are the levels of data hierarchy?

A: Accounting Information System:   This refers to a system that is adopted by an organization to…

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 is a data model?

A: Data model is presentation of data in a logical manner; so that, data can be read and processed by…

Q: What are the advantages of real-time data collection?

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Q: What exposures do data consolidation in a CBIS environment pose?

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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: Explain an example of internal events.

A: An Accounting event is a transaction that is recorded in the books of accounts of the company. There…

Q: What is information overload?

A: Report: The formal document used for providing information to the managers is called report. The…

Q: What is a data dictionary, and what purpose does it serve?

A: Return on investment (ROI):   Return on investment evaluates how efficiently the assets are used in…

Q: what is the difference between internal and external users of information, their needs and demands…

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

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

A: The modern world is completely centered around information. Companies, big and small, generate a lot…

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: Give example of the relationship between a Human Resource Information System and MIS.

A: Human Resource Information System (HRIS) refers to the system of collecting, recording, classifying,…

Q: What is feedback and how is it useful in an information system?

A: Definition: Accounting information system: The system which helps to gather, store, and process the…

Q: What is task-data dependency?

A: The lack of ability of a user to get additional data when their requirements fluctuate is known as…

Q: What is the role of a Database Administrator?

A: Database:  A database can be defined as a collection of structured data which is stored in digital…

Q: What is a data dictionary?

A: Dictionary is the storage of words of a language where the equivalent meanings of the words can be…

Q: What is the difference between system software and application software?

A: System Software is the software type which is the interface between system & application…

Q: What is the closed database architecture?

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Q: What information is required in a proxy statement?

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

Q: List the steps we use to measure external transactions.

A: Measurement process of external transactions:

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.