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Aa 92.
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- Some people believe database technology may eliminate the need for double-entry accounting. This creates three possibilities: (1) the double-entry model will be abandoned; (2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants’ use; or (3) the double-entry model will be retained in database systems. Which alternative do you think is most likely to occur? Why?Sometimes, a newly implemented AIS may not receive proper support from the users. These behavioural could take in the form of resisting this change. Explain TWO (2) reasons why this resistance occur and recommend TWO (2) approaches that companies can implement to reduce this resistance.Which of the following arguments supports the view that regulation is not necessary, particularly to the extent that it currently exists? Select one: a. Markets for information are not efficient and therefore produce a sub-optimum amount of information, given the problem of 'free riders'. b. Accounting information is like any other good, and people will be prepared to pay for it to the extent that it has a use. c. Investors need protection from fraudulent organisations that may produce misleading information. d. Information asymmetry exists because not everyone has the same power over resources to obtain the information they need.
- Which of the following is considered an ethical use of third-party data? More than one answer may be correct. Check All That Apply to collect data from individuals for CRM purpose if it is clearly communicated to users and they have agreed to not inform users of how their data is shared with third parties collecting data from users who have not agreed to the site's data collection terms to sell the data to third parties who use it for market and demographic analysis if it is clearly communicated to users and they have agreed HelpWhat is the most important quality for accounting information as identified in the conceptual framework? Explain why it is the most important. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.1. Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information. Consequently, for information to be useful there must be a linkage between these users and the decisions they make. This link is:a. relevance. b. reliability. c. understandability. d. materiality. 2. Which of the following is not a major challenge facing the accounting profession:a. Nonfinancial measurementsb. Accounting for hard assets. c. Timeliness. d. Forward-looking information. 3. The underlying theme of the conceptual framework is:a. decision usefulness. b. understandability. c. reliability. d. comparability.
- 1. Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information. Consequently, for information to be useful there must be a linkage between these users and the decisions they make. This link is: a. relevance. b. reliability. c. understandability. d. materiality. 2. Which of the following is not a major challenge facing the accounting profession: a. Nonfinancial measurements b. Accounting for hard assets. c. Timeliness. d. Forward-looking information.If so many companies find non-GAAP calculationsuseful when communicating with their stakeholders, shouldthe FASB adopt some of them? Why or why not?According to Cheffers and Pakaluk, ethical accounting is a [insert best word from below] for the markeplace. Pain Punishment O Watchdog Corruption
- Discuss the implications of not having a data governance framework to support product analyticsWhich is not an organization's response to risks? *a. An organization may accept the risk if it is prepared to absorb or mitigate the impact of the risk.b. An organization may take the risk but tries to lower the impact and possibility of occurrence of the risk.c. An organization may take the risk but not the returns that come with it.d. An organization may opt not to take the risk by avoiding the activity with associated risk.the financial statements must contain appropriate information for it to be useful to the users. Which term best describes this statement: A. Relevant, B, Material, C, Complete, D, Neutral Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
