What is a data dictionary, and what purpose does it serve?

Q: What are the fundamental objectives of all information systems?

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Q: What does XML stand for?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

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 is the objective of a transaction log?

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: Explain how an IT environment affects access control.

A: Information technology plays the pivotal role in the survival and success of any entity in modern…

Q: What is a registration statement?

A: Statement: It can be defined as any sentence or a line that provides information in a definite or a…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: What is SCM software?

A: Supply Chain Management: SCM (Supply Chain Management) refers to the wide variety of activities…

Q: What is an enterprise system?

A: Introduction:- An enterprise system, also known as an enterprise resource planning. It handles…

Q: What do you mean by electronic data interchange?

A: Accounting information systems: Accounting information systems collect data from different events…

Q: What is data mining?

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Q: Explain an example of internal users.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

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 semantic data model?

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Q: What are the three general problems associated with data redundancy?

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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: Distinguish between entity relationship diagrams, data flow diagrams, and system flowcharts.

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

Q: What is a proxy statement? What information does it provide?

A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

Q: What is a data model?

A: Data model is presentation of data in a logical manner; so that, data can be read and processed by…

Q: What do the relational features restrict, project, and join mean?

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

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

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Q: What is Xero Accounting Software?

A: Accounting software are the kind of applications that are used for preparing the accounting books…

Q: What is information overload?

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

Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Q: Give an application for a partitioned database.

A: Database Management: It refers to the process of managing the databases that are held within a…

Q: What is skimming?

A: Skimming: It is the fraudulent process under which the employees of the company steal the cash from…

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: What documents trigger and support batch processing systems?

A: Batch processing system refers to the transaction’s processing in a bunch or group. The interaction…

Q: What is the purpose of the general ledger history file?

A: General Ledger:   The financial information required for the preparation of financial report; of…

Q: What is the Current File?

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Q: What is changed data capture?

A: Definition: Database: A database can be defined as the collection of data in an organized manner…

Q: What are the functions of Xero Accounting Software?

A: Xero Accounting Software is a Software-as-a-Service (SaaS) accounting technology that is mainly…

Q: What information is provided by a record layout diagram?

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Q: What is an accounting information system (AIS)?

A: Accounting Information System:It is a process which collects data, processes the same into…

Q: What is a data dictionary?

A: Dictionary is the storage of words of a language where the equivalent meanings of the words can be…

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: What are some tests of data communications controls?

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Q: What is the purpose of Transaction Tagging?

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

Q: What problems does the data cleansing step attempt to resolve?

A: Accounting information system : AIS is a structure used in business for collecting, storing,…

Q: What information is required in a proxy statement?

A: A proxy statement is a document containing the information the Securities and Exchange Commission…

Q: Give an application for a replicated database.

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