Name the four basic forms of cardinality.

Q: Define composition

A: Composition: The composition is the act of putting something jointly, or the grouping of rudiments…

Q: Define BOM along with an example.

A: There are different types of BOM based on the specific engineering used in the design process or…

Q: Which of the following orders allows for partial execution?

A: FOK (Fill or Kill Order): This type of order allows being executed immediately at the specified…

Q: Describe the three different methods to illustrate the Equivalence Calculations?

A: Three different methods that illustrate the Equivalence calculations are shown below: Single…

Q: Match each concept in Column A with a definition or example in Column B.

A: Matching the definition with the examples presented in column B.

Q: Define three forms of EMH

A: Following are the three forms of EMH: Weak Form EMH: Recommends estimating all prior knowledge is…

Q: Define each of the following terms:c. Decision tree

A: Decision tree: Decision tree method of arranging a set of consecutive decisions, which is founded on…

Q: Define OLAP, and give some examples.

A:

Q: What is CVP and four uses of it

A: Cost volume profit analysis -   - CVP analysis helps in determining how changes in costs and volume…

Q: Please see image for question as this is a single, three part question.  A. ? B. ? C. ?

A: A model that helps to evaluate the value of the stock by discounting the dividend earned on the…

Q: What are the five components of internal control? Briefly explain each component.

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

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 five components of Internal Control?

A: Five components of internal control are: Control environment - It refers to top management attitude…

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: Define ERP.

A:

Q: Differentiate the following terms - External and internal information

A: Internal data is information generated from within the business, covering areas such as operations,…

Q: Explain the three authorized controls

A:

Q: Explain the relationship between MRP II and ERP.

A: Material Resource Planning II: An automated system which controls planning of inventory or raw…

Q: Describe three types of standards and provide examples of each?

A: Three Types of Standards are :-  a) Basic Standards. b) Current Standard. c) Normal Standards

Q: Define basis point

A: Answer: A base value is an approximate number, also used as an initial index value. All potential…

Q: What are the four basic assumptions underlie GAAP?

A:

Q: Define Contingencies.

A: Uncertain events refer to uncertainty regarding the occurrence of an event or the data values…

Q: Define attainable set

A: Attainable SetA set of all the portfolios that are possible to be formed by the group of the number…

Q: What are the three authorization controls?

A: In accounting and auditing, the term internal control indicates to a set of measures intended to…

Q: What are the five components of internal control? Briefly explain each component?

A: The components of internal controls are explained below :

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Define unicorn

A: The term Unicorn in finance was popularized by Aileen Lee, a popular venture capitalist &…

Q: Distinguish between association and cardinality.

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

Q: Describe four decisions for which ABC information is useful.

A: Activity based costing: Activity based costing is a costing method used by the company to assign the…

Q: What are the three steps of controlling?

A: Introduction: Controlling is referred as terminal management function because it takes place after…

Q: Answer the following.

A: Accrued income represents that income which has been earned but not received during the current…

Q: Describe about the concept of COGS.

A: Cost of goods sold (COGS): Cost of goods sold is the accumulate amount of all direct cost incurred…

Q: Explain the basic concept of ABC analysis.

A: Answer

Q: Explain briefly what cross hedging implies. What is the significar

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

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

A:

Q: Explain materiality Principle in detail with example

A: A set of rules and guidelines that is required to be followed by an entity in the process of…

Q: Identify the i what can be e d

A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

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

A:

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: Describe the four basic assumptions underlying GAAP.

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

Q: 2. Match each of the following terms with the appropriate definition.

A: Answer:   1. Discounting The process of restating future cash flows in terms of present time value.…

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: Give three examples of application controls.

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: Briefly explain five basic conditions a scheme of reconstruction must fulfill.

A: Scheme of reconstruction: A Court approved an agreement between a corporation and its shareholder is…

Q: What are the four basic assumptions underlying GAAP?

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

Q: What are the five components of an internal control system?

A: An internal control system is referred to as a set of rules, guidelines, and policies that are…