As an accountant, why would you need to be familiar with data normalization techniques?

Q: Which of the following is not a typical problem found by auditors when cleansing client data for the…

A: Option D

Q: List the management reports and computer files that can be used for audit evidence. What information…

A: Audit Evidence:   Evidences obtained by auditor after applying various audit procedures to verify…

Q: s data independence? why is it important in a comparison of the application and centralised database…

A:

Q: What is data inconsistency? occurs when a system produces correct and consistent data the practice…

A: Solution- Data inconsistency is a situation where there are multiple tables within a database that…

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: Which statement is NOT true? a. Drill-down capability is an OLAP feature of data mining tools…

A: Enterprise Resource Planning: ERP refers to the software of business process management which…

Q: Which of the following is an example of an input control?a. making sure that output is distributed…

A: Under these systems, the cost of the product is calculated on the basis of the recalculate the…

Q: How does concurrency control contribute to financial data integrity?

A: Concurrency Control:   Concurrency control is a system in the database management system that helps…

Q: How can data analysis be used to identify stakeholders?

A: Stakeholder analysis involves the study of identifying, collecting, and analyzing data on different…

Q: What flat-file data management problems are solved as a result of using the database concep

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

Q: This chapter stressed the importance of data normalization when constructing a relational database.…

A: Data warehousing is a method through which an organization collects and manages the data from the…

Q: Explain how a data warehouse database is fundamentally different from a transaction processing…

A: Transaction Process System:   Transaction process system can be defined as a system designed to…

Q: Explain how source data automation is used in the commerce and financial institutions

A: When the data is collected at their point of origin in digital form, it is known as source data…

Q: What factors influences the decision to employ real time data collection with batch updating rather…

A: Batch Processing through Real Time Data collection system:Real time processing process the…

Q: How will you collect, classify and present statistical data?

A: For statistical analysis, there are several methods used to gather or collect data. Three of the…

Q: Why are accountants regarded as system users in the systems development process if they are seen as…

A: The answer:

Q: The IS audit function as a whole will normally require which of the following skills: а. Data…

A: Audit is the examination and verification of books of accounts and financial information in order to…

Q: Accountants may be involved in several aspects of database development. In which area below would an…

A: Answer An external schema describes the part of the database which specific user is interested in.…

Q: Why auditors gather evidences?

A: Auditing is basically an inspection or checking of books of accounts maintained by the business.…

Q: Your client has outsourced the majority of the accounting information system to a third-party data…

A: The fact that your client has outsourced the majority of its accounting information system to a 3rd…

Q: Identifying the condition of the data is part of which task?   A. Performing a data audit B.…

A: Identifying the data means you are in a search of some information that is useful for you.

Q: Which of the following is an example of an input control? a.making sure report that are distributed…

A: Input controls are used to obtain responses from the interview user. each input control has…

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

A:

Q: What are some of the more common uses of data codes in accounting information systems?

A:

Q: Discuss why control procedures over access to the data resources become more crucial under the…

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

Q: How does a database lockout contribute to financial data integrity?

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

Q: Why the design of a table or a form is important? Why accountant has to have sufficient knowledge…

A: Ans 1. Designing of the forms used to impact an overall user experience, when an user actually gets…

Q: How are the summary views in a data warehouse different from views in an operational database?

A: Data Warehousing:   Data warehousing is a method through which an organization collect and manage…

Q: Accountants at an organization that uses an ERP system speak in terms of "data flows" between…

A: Here is the Answer:

Q: What different accounting transaction process needs a data warehouse? Why?

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: POS stands for Point of Sale. List the benefits they have over traditional data collecting methods.

A: Ans. Point of Sale is the place where actual sale and purchase takes place. Payment is made at this…

Q: Discuss why control procedures over access to the data resource become more crucial under the…

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

Q: Data in a data warehouse are in a stable state. Explain how this can hamper data mining analysis.…

A:

Q: What steps should auditors take if the client has multiple locations being counted?

A: At the time of auditing,it is important to ensure that all locations of the client where the record…

Q: If accountants are viewed as providers of information, then why are they consulted as system users…

A: System development process includes designing, developing, testing, and maintaining of systems. In…

Q: Explain why auditors gather evidences?

A: Auditing is a process of examining the financial statements of the client. The auditor provides an…

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

A:

Q: Does computerization of data processing affect the objective of financial statement audit? Discuss.

A: Auditing is the process of verifying, and assessing the financial statements of a company through…

Q: Does a hash total need to be based on a financial data field? Explain.

A: Internal controls are referred to as the controls that an organization establishes to check the…

Q: Discuss the importance of the role of the database administrator. In the flat-file environment, why…

A:

Q: Describe the differences between auditing around the computer and auditing through the computer?…

A: Auditing is the process in which the professional called auditor, performs the audit on the client…

Q: Examine the diagram below and determine what essential mechanism is missing. Once you have…

A:

Q: Which of the following sets of application characteristics of an accounting application might…

A: The question is multiple choice question. Required  Choose the Correct Option.