Accounting Information Systems
Solutions
Accounting Information Systems
Why is the hierarchical coding system a good fit for the GL system?
To explain: The reason why the hierarchical coding system is a good fit for the GL system.
Introduction:
General ledger/business reporting process (GL/BR):
General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.
The reason why the hierarchical coding system is a good fit for the GL system:
Hierarchical coding procedure is used in the coding of the general ledger. The hierarchical coding procedure is a good fit for two main reasons. They are:
- The coding structure is easily recognizable for the human users...
Chapter 16 Solutions
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