Draw a diagram depicting the relationship between the general ledger master file, control accounts, subsidiary files, and financial statements

Q: Use the flowchart above to answer these questions: a. What accounting document is represented by…

A: A flowchart depicts the individual phases of a process in a logical sequence. It is a general tool…

Q: Which internal control objective is concerned with ensuring that accumulated totals in the…

A: Internal controls are the procedures that are implemented to ensure operational efficiency and…

Q: describe accounting as an information system

A: Accounting as an Information System An Accounting as an information system is the system of storing,…

Q: When does an accounting information system becomes useful?  What is the relevance of having…

A: 1.When does an accounting information system becomes useful? 2. What is the relevance of having…

Q: GENERAL LEDGER/REPORTING SYSTEM. Please explain how each cycles in the business process/transaction…

A: General Ledger Reporting system The preparation of the general Ledger is one of the important…

Q: which of the following banking-related systems considered as a core system: Select one: O. a. All of…

A: There are various core systems.

Q: Differentiate between manual accounting and computerized accounting.

A: Comparison Chart   BASIS FOR COMPARISON MANUAL ACCOUNTING COMPUTERIZED ACCOUNTING Meaning…

Q: Which of the following statements is the best definition of an accounting information system? A. A…

A: It is a systems used for collecting, storing, managing, processing, retrieving and reporting of…

Q: how to make  accounting eqution grid?

A: Accounting equation says that total assets should always be equals to total liabilities and…

Q: The important information services functions of the general ledger and business reporting (GL/BR)…

A: GL/ BR stands for General ledger and business reporting process which is an interacting structure…

Q: Explain the two components of a computerized accounting information system.

A: Computerized Accounting Information System:   Computerized accounting information are software…

Q: Define accounting information system.

A: Accounting Information System (AIS) is a computer-based system used by decision makers to collect,…

Q: How do you define an accounting information system and what are its components? Give an example.

A: Introduction: The journal book will have a chronological record of all transactions in the…

Q: discuss the importance of accounting interdependence in accounting information systems.

A: An Accounting Information System is a system that is used  to collect, process, manage data with…

Q: How do an organization's activities and lines of business impact the design of an Accounting…

A: Accounting Information Systems or AIS is the system which includes processing, gathering and storing…

Q: Prepare an entity relationship diagram, in good form, for the expenditure cycle, which consists of…

A:

Q: Definition of cloud accounting

A: The answer is provided as follows:

Q: What is management accounting information used for? taking example

A:

Q: From the internal parties that the system deals with Accounting information *

A: Basically internal information can be accessed only by the internal users of an organisation. People…

Q: Enumerate some accounting information system input devices and indicate its purpose, including how…

A: Accounting Information system basically involves use of modern computer technology in accounting to…

Q: The outputs of a computerized accounting information system are called a. reports. b. software. c.…

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: Answer the following questions to ponder: 1. When does an accounting information system becomes…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Use the flowchart to answer these questions:a. What accounting document is represented by symbol…

A:

Q: The objectives of the data collection activity of the general model for Accounting Information…

A: The correct option is d i.e. efficient and relevant.

Q: Compare between computerized accounting and manual accounting

A: The financial transactions are recorded and presented in the financial statments that makes it…

Q: Accounting System Components

A: Accounting Information System is a computer based accounting system that collect, process, store and…

Q: Briefly distinguish between management and financialaccounting information in terms of ( a ) the…

A: Financial accounting: Financial accounting is different from managerial accounting. Financial…

Q: describe the use of the results of the accounting process in security analysis.

A: Financial statements provide the basis for equity and credit analysis. However, analysts must make…

Q: Components of an accounting information system Measures working people hardware all of the above

A: The accounting information systems records and process both the financial and non financial…

Q: Examples of Accounting Information System

A: Accounting Information Systems help in the completion of duties related to budget analysis. An…

Q: What control system and subsidiary accounts should be included in Ermler & Trump’s manual accounting…

A: Control system and subsidiary accounts that should be included in Ermler & Trump’s manual…

Q: a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss how the nature…

A: The question is based software security and access point control at point to sale system.

Q: The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing…

A:

Q: Which of the following is not one of the general ledger and reporting activities? A. Updating the…

A: General ledger: It is the T-accounts prepared for every journal entry and get recorded in their…

Q: Reconciliations of the General Ledger Control Accounts to the Subsidiary Ledgers are an example of…

A: In this we quote an example of Reconciliations of the General Ledger Control Accounts to the…

Q: Management accounting information is used by internal users for various types making. What are the…

A: Management accounting information refers to the collective form of all the desired reports and files…

Q: Complete a general ledger based on the below

A: General ledger accounts are accounts in which all journal entries are recorded in appropriate…

Q: Which of the following is often called a compensating control?a. transaction authorizationb.…

A: The compensating control is referred to as a type of control that is meant for reducing attacks and…