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Q: How are an accounting validation control (AVC) and a valid values list (VVL) related?
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Continue Learning about Accounting

Differentiate accounting and bookkeeping?

Accounting is a broader term of book-keeping. Book-keeping helps in the day to day operations and for preparing financial statements of an enterprise. Accounting relates to the internal control of the business, detecting errors in recording entries and gives financial reports of the values and performance of the business to the management and to other people like the shareholders.


What are the five values of accounting?

includes computers, typewriters, adding machines and the like that are used in the store


On your cardholder account profile what information displays on the difault accounting code screen?

Sgment names and values of the selected cardholder's default accounting code


First in first out method?

First in first out is the accounting term used to describe the method to allocate values. The method assumes the inventory that arrived first was used first.


What are the limitations of financial statement analysis?

Use and Limitations of Financial statement analysis (using Ratios)Attention should be given to the following issues when using financial ratios:A reference point is needed. To to be meaningful, most ratios must be compared to historical values of the same firm, the firm's forecasts, or ratios of similar firms.Most ratios by themselves are not highly meaningful. They should be viewed as indicators, with several of them combined to paint a picture of the firm's situation.Year-end values may not be representative. Certain account balances that are used to calculate ratios may increase or decrease at the end of the accounting period because of seasonal factors. Such changes may distort the value of the ratio. Average values should be used when they are available.Ratios are subject to the limitations of accounting methods. Different accounting choices may result in significantly different ratio values.

Related questions

How are accounting validation control AVC and valid values list VVL related?

An AVC lets me specify how the system will use the VVL when cardholders reallocate transactions.


Features of data validation in Excel?

Data validation allows you to apply more control over values that are going into a spreadsheet. It reduces the errors made. For example, if you had a cell that you only wanted values between 1 and 100 to go into, you could set up a validation rule to ensure that happens. It would stop you putting in values outside of that and warn you that the values must be between 1 and 100. There are a whole range of types of validation that you can apply.


Is the process of comparing data with a set of rules or values to find out if the data is correct?

Data validation.


How does the javascript function performs the validation check?

JavaScript can do the validation checks easily. All you have to do is provide the values you want to validate.


What are the accounting values in Australia?

Please visit the Web site of the Australian Accounting Standards Board to review the accounting values for the country/continent.


Can validation rules make sure that a users entry falls within a range of values?

Yes, but it depends on the validation routines used.


Define the term validation in vb?

Validation is a form of self protecting; it is better to reject bad data then spend hours trying to find out an error only to discover that the problem was caused by a "user error". Checking to verify that appropriate values have been entered for the text box is called validation. The validation may include making sure that data is numeric, checking for specific values, checking a range of values, making sure that required data is entered.


How do you use validation on Excel?

Validation allows you to limit what goes into cells. By applying validation you can do things like put an lower and upper limit on numbers entered into a cell, like allow only values between 1 to 100. You can also use it to highlight cells that already have values that are not valid, by applying validation and getting Excel to draw red ovals around the ones that are invalid. This can help you find errors in values that have already been entered. Validation allows you prompt the user to tell them what can be entered and also give them a message to tell them what they have done wrong.


What types of values does a valid values list contain?

List of values for an accounting code segment


What are the validation controls and how many validation controls are there in ASP.NET 4.0?

Validation controls allows you to validate a control against a set of rules. There are 6 different validation controls used in ASP.NET 2.0. RequiredFieldValidator - Checks if the control is not empty when the form is submitted. CompareValidator - Compares the value of one control to another using a comparison operator (equal, less than, greater than etc). RangeValidator - Checks whether a value falls within a given range of number, date or string. RegularExpressionValidator - Confirms that the value of a control matches a pattern defined by a regular expression. Eg: Email validation. CustomValidator - Calls your own custom validation logic to perform validations that cannot be handled by the built in validators. ValidationSummary - Show a summary of errors raised by each control on the page on a specific spot or in a message box.


How can you restrict the values of data entered into a database?

By creating Data validation rules you should be able to restrict the values of data entered


What type of values does a valid values list (VVL) contain?

List of values for an accounting code segment