Current Attempt in ProgressYour answer is partially correct.A company found itself with access to the following types of data.•Human resources data.•Lender and shareholder data.•Customer service data.•Industry reports.Classify each type of data in terms of its source, internal or external, and also in terms of its format, structured or unstructured. Forany of the above sources that were identified as unstructured, describe a specific example of data within that source that could beunstructured.FormatSpecific exampleStructured and UnstructuredEmployee Personnel RecordsData TypeHuman resourcesdataSourceInternalLenders andshareholder dataExternal ✓StructuredCustomer serviceInternalAudio Recordings of Phone CallsStructured and InstructuredAudio Recordings of Customer Phone Calle

Please refer to the explanation, THANKYOU !!Explanation:Business data encompasses a wide range of…

Answered: Current Attempt in Progress Your answer…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 1EA: Indicate whether each statement describes financial accounting or managerial accounting. The...

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Similar questions

Which of the following best defines the management accountants initial data analybis ole in facilatig the transformation of data into information that can help add value to an organization? O Obtaining and exploring relevant data for decision making O Deciding which questions to ask and what data to gather. O Developing a data exploratory analysis O Preparing data for analysis. Ne Not saved
Conroe Company is reviewing the data provided by its management accounting system. Which of the following statements is/are correct?
How is the practice of data analytics used within management accounting? Provide an example.
Which of the following is not a part of the functions of the accounting system? Select one: O a. Reporting the results of operations during a reporting period O b. Classifying and summarizing the effects of the transactions on the accounting elements O c. Analyzing and recording the business transactions of the enterprise. O d. Preparing financial statements that are favorable to the data-users.
Describe how data analytics can be used during an external audit of a company's financial statements. Be specific and provide 4 examples?
i. Briefly inform these stakeholders of the benefits of automation on the current business processes within the organization, specifically referencing the benefits of using a spreadsheet solution and how easy it was to process data to derive the information presented in the report. ii. Give a brief analysis of the data found in the chart
Which of the following is not a function of an Accounting information system? Select one: a. The supply of information useful for making decisions. b. The efficient and effective collection and storage of data concerning an organizations financial activities. c.The determining and evaluating of alternative courses of action d. The implementation of controls to accurately record and process data
Which of the following sets of application characteristics of an accounting application might influence the selection of data entry devices and media for a computerized accounting system?a. Timing of feedback needs relative to input, need for documentation of an activity, and the necessity for reliability and accuracy.b. Cost considerations, volume of input, complexity of activity, and liquidity of assets involved. c. Need for documentation, necessity for accuracy and reliability, volume of output, and cost considerations. d. Relevancy of data, volume of input, cost considerations, volume of output, and timing of feedback needs relative to input. e. Type of file used, reliability of manufacturer’s service, volume of output, and cost considerations.
Given below question on accounting information system subject. Answer required based on your own understanding with examples 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information. 2. What is the relationship among data, information and an information system? 3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS) 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.
An organization needs to keep flow of information with various internal and external parties.Explain in brief the role of accounting as an information system in an organization to interactwith those parties.
How can data analytics be utilized in the accounting process to enhance decision-making and financial analysis? Describe the key steps of the IMPACT cycle in data analytics and explain how they can be applied in the accounting context to improve efficiency and accuracy in financial reporting.
Please give answers with own answer on accounting information system 1. Distinguish the roles of internal and external auditors in AIS 2. Distinguish between the centralized and distributed approaches to organizing the IT function.

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