An information system must meet three fundamental objectives. Discuss why three objectives cannot effectively be met by a common set of information.

Q: Explain common principles and limitations of internalcontrol.

A: Internal Control is a concept which ensures management to to safeguard its assets. Internet control…

Q: Describe the purpose of the AICPA. What is the AICPA’s primary function?

A: The American Institute of CPA (AICPA) is a non-profit organization of Certified Public Accountants…

Q: Discuss and give examples on tje 3 fundamental information system objectives

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

Q: Discuss how conceptual and physical systems differ and which functions are responsible for each of…

A: Accounting Information System: The accounting information system refers to a system which helps in…

Q: List and explain two important criteria that must be satisfied in order for information to be…

A: Relevant information:   Decision making process requires an understanding of a grasp of illegal…

Q: The distributed data processing approach carries some control implications of which accountants…

A: Distributed Data Processing is the processing of data between different interconnected computers…

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: How do the three levels of computer ethics—pop, para, and theoretical—differ?

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Q: Discuss the diffences between internal and external users of ingormation and their needs and demands…

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

Q: define W-3: explain the purpose, and who uses the form.

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Q: Find three key ideas that underpin GAAS and explain why they are so important.

A: Concept: GAAS is generally accepted auditing standards. It is to be followed by the auditors while…

Q: The five aspects of internal control are identified and described in (a). (b) Is there a single…

A: Here is the answer :

Q: Answer of the following question related to these characteristics and constraints. In general,…

A: Relevant information is data that can be applied to solve a problem. The relevance concept can mean…

Q: mation would be considered

A: The extremely sensitive output can be defined as the information or output that must be guarded from…

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: Discuss how the different between conceptual system and physical system and which function are…

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

Q: What are two objectives that enable reports to be considered useful?

A: Report: It can be defined as the document that assists the users and the management in providing…

Q: Discuss and give examples on the 3 fundamental information system objectives

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Q: What are the four primary elements of the database environment?

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

Q: Controls are classified as general as well as application. Discuss, using appropriate examples, any…

A: Internal Controls: Internal controls are the safeguards put in place within an organization to…

Q: What are fundamental tasks of data base managment ?

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Discuss three inherent risks to the operation of IT systems.

A: INHERENT RISK=Inherent risk is defined as the variant of enterprise level risk wherein the…

Q: Which of the following is typically NOT part of an ERP’s OLAP applications? a. decision support…

A: ERPs OLAP Application:   OLAP stands for Online Analytical Processing which helps in analyzing…

Q: Describe four signs that help indicate when ABC systems are likely to provide the most benefits.

A: Activity based costing is one of the methods of costing to identify the activities performed to…

Q: What are four ways in which database management systems provide a controlled environment to manage…

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Q: What is meant by each of the following potential characteristics of information: relevant, accurate,…

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Q: Identify five major considerations that are introduced when the client uses information technology

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Q: Explain the relationship between the three levels of the data definition language. As a user, which…

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Q: Evaluate three accounting system controls.

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

Q: What three types of objectives are the focus of internalcontrol?

A: Definition: Internal Control is a procedure that provides reasonable assurance that material…

Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

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

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Q: When information about two different entities has been prepared and presented in a similar manner,…

A: Comparability The characteristics comparability of financial statements can be achieved by following…

Q: What are the three primary CBIS functions that must be separated?

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Q: What are the three components/aspects of relevance? What are the three components/aspects of…

A: Qualitative characteristics of Accounting Information System:   Qualitative characteristics are…

Q: state and explain six factors that make information useful

A: Accounting information provides a base for the user in decision making. The information provided…

Q: What are the three internal control objectives?

A: Internal control:  Internal control consists of policies and procedures to  achieve the objectives,…

Q: What are the three main tasks the operating system performs?

A: