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The flow of data in a computerized accounting information system is?
what is the flow of data in a computerized accounting information system
What is the flow of data in a computerized accounting information system?
what is the flow of data in a computerized accounting information system
1.9 Describe the different functions of management accounting?
The functions of management accounting include: Budget control, ratio analysis, fund flow analysis and cash flow analysis. Management accountingâ??s main function is to collect accounting data which is useful for different managerial functions.
What are the examples of accounting data?
Examples of accounting data include financial statements such as the balance sheet, income statement, and cash flow statement. Other forms of accounting data include transaction records, invoices, receipts, payroll records, and general ledger entries. These data points provide insights into a company's financial health, performance, and operational efficiency. Additionally, accounting data can also encompass metrics like accounts receivable and payable, inventory levels, and tax liabilities.
What is Financial accounting data?
what is financial accounting?
Who are the parties interested by accounting data of business?
The parties that are interested by accounting data of business are Accountants and auditors.
How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
What are the three types of data flow with example?
The three types of data flow are input data flow, output data flow, and intermediate data flow. An example of input data flow is when user information is inputted into a system, output data flow is when search results are displayed to the user, and intermediate data flow is when data is processed or transformed within the system.
Distinguish between cost accounting and financial accounting?
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
What is sequences is the normal sequence of flow of accounting data?
The normal sequence of flow of accounting data typically starts with the identification and recording of transactions in journals, known as journal entries. These entries are then posted to the general ledger, where they are categorized into accounts. From the ledger, a trial balance is prepared to ensure that debits equal credits, followed by the preparation of financial statements such as the income statement, balance sheet, and cash flow statement. Finally, the results are analyzed and reported to stakeholders for decision-making.
What has the author Hector R Anton written?
Hector R. Anton has written: 'Managing the allowance for loan and lease losses' -- subject(s): Bank loans, Commercial loans, Leases 'Accounting for th flow of funds' 'Fortran and business data processing' -- subject(s): FORTRAN (Computer program language) 'Accounting for the flow of funds' -- subject(s): Accounting, Corporations, Financial statements
What is accountability data?
what is financial accounting?
