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This is the whole purpose of accounting. Data and financial information needs to be classified, summarized, recorded, interpreted and communicated to owners, managers and other interested parties, to make sure all the bookkeeping is lined up and being sent to the right places.
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Does a exector of estate have to show where the money went?
Yes, they must show a full accounting to the court.
If a company spends on training of personnel how does it account for?
In some businesses, it is an overhead cost and can be depreciated in accounting. Just like lights and building expenses, it is a business cost that must go into accounting. Check with an accountant about the different ways it can be a deductable expense.
Discuss the social and ethical issues in financial accounting?
The codes and rules that members must follow deal with the following, integrity, objectivity and independence, confidentiality, professional competence, compliance with accounting, auditing and any other stands or guidelines given by the society, upholding the image of profession and the society and public interest.
What are the requirements for a USDA home loan?
"Your household income must meet certain guidelines first. You will have to be classified as having very low income. Also, the house you want to purchase must be located in an area that is approved by the USDA."
Disadvantages of computerised accounting system?
Disadvantages; 1. You must learn the software. 2. The software will have bugs, so sometimes it will not work properly. The advantages far out-weigh the disadvantages.
Classified data must be handled and stored properly based on classification and what else?
Classified data must be handled and stored properly based on classification markings and handling caveats.
What criteria which must be met before classified data can be accessed by individuals?
Classified data is secured from the public eye. One must have the proper authorization and credentials to be able to access this information.
What types of data must handled and stored properly based on classification markings and handling caveats?
Classified information data must be handled and stored properly based on classification markings and handling caveats.
What is classified data that is sent to an unclassified network called?
The classified data, sent over an unclassified network, must be securely encrypted.
Why there should be an effective and proper system of accounting?
The records can be maintained in accounting system in a right way so that there will be no confusion, no fault data, etc. Therefore an effective and proper system of accounting is a must.
What type of data must be must be handled and stored properly based on classification markings?
Classified information data must be handled and stored properly based on classification markings and handling caveats.
Classified data must be handled and stored properly based on classification marking and what else?
Classified information data must be handled and stored properly based on classification markings and handling caveats.
What best describes the criteria which must be met before classified data can be accessed by individuals?
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Which of the following do NOT create or receive PHI?
Unclassified data must be maarked as such if stored in a classified area
Which email address can you send PII to?
unclassified data must marked as such if stored in a classified area
What is a classified data spill or negligent discharge of classified information?
is a term that only applies to the deliberate disclosure of classified information
What types of data must be handled and stored properly based on classification markings and handling?
Classified information data must be handled and stored properly based on classification markings and handling caveats.
