What are the three general problems associated with data redundancy?

Q: What is a flat-file system?

A: A flat file system is a system that stores all the data in a single directory.

Q: What are the five control implications of distributed data processing?

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Q: Should an auditor wishing to assess the adequacy of separation of functions examine a data flow…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

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 the role of the data control group?

A: The question is based on the concept of control group in experiment.

Q: Data flow diagrams employ four different symbols. What are these symbols, and what does each symbol…

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Q: What are the primary objectives of a batch control?

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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: What document is used to determine which tables of data are necessary?

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Q: What are the relative merits of input from source documents and direct input?

A: Definition: Direct input: The data that are directly inserted into the system from the source data…

Q: What is system decomposition and subsystem interdependency? How are they related?

A: Decomposition in computer terminology refers to factoring which is the breaking down of a complex…

Q: What are the three cycles of transaction processing systems?

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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 value stream map?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

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 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 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: 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 the relationship among data, information, and an information system?

A: The meanings for following terms are stated below: Data: It can be described as unprocessed facts…

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

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

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Q: What are the categories of processing controls?

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

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: What is information overload?

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

Q: Why are denormalized tables used in data ware-houses?

A: Data Warehouse:   Data warehouse is also termed as enterprise data warehouse. It can be defined as…

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: How can forwardrates be used for hedging purposes?

A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

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

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Q: In one sentence, what does updating a master file record involve?

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

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

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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 a central repository in a CASE system?

A: Definition: Computer-aided software engineering (CASE) tool: Computer-aided software engineering is…

Q: Briefly provide your opinion whether an auditor wishing to assess the adequacy of separation of…

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Q: What are the four characteristics of properly designed relational database tables?

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

Q: 1. Explain the audit control over data management!

A: Audit states examination of the business books or financial statements and it helps in detecting any…

Q: What is the purpose of Transaction Tagging?

A: Tagging and tracking transaction: In tagging and tracking transaction technique, the auditor puts a…

Q: Discuss the three common methods of handling errors in transaction files.

A: Errors in the books of accounting should be corrected as soon as possible, so that the financial…

Q: What assertions are tests for transaction classes?

A: Management assertions are the claims made by the management about the items in the financial…