Discuss the rules for linking events to resources and agents in an REA diagram.

Q: Distinguish between turnkey, backbone, and vendor-supported systems.

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Q: Discuss how the elements of efficiency, effectiveness, and flexibility are crucial to the design of…

A: Information system is a system which consists of some interrelated components which stores, edits…

Q: Identify the following users as either external users (E) or internal users (I). Managers

A: Definition: Users of information: Users of information can be classified as internal and external…

Q: Discuss and give examples on tje 3 fundamental information system objectives

A: Accounting Information System: The system which helps to gather, store and process the accounting…

Q: Explain the Activity Hierarchies with example?

A: Activity hierarchy is a system that is used in the activity based account to keep track on the…

Q: Explain how an IT environment affects the segregation of functions.

A: Segregation of Duties (SoD) is a set of controls and policies intended to ensure accuracy and keep…

Q: Explain external event with example.

A: Accounting events: Accounting event refers to the business event that creates an impact in the…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: describe the connection between the management process planning, feedback, controlling

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Q: What are the major functions performed by the OE/S process?  Explain each functions.

A: Order-to-cash process or revenue process is the process undertaken for making sales and receiving…

Q: Discuss the diffences between internal and external users of ingormation and their needs and demands…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: Briefly explain the major components of AIS

A: SOLUTION- ACCOUNTING INFORMATION SYSTEM (AIS) IS A WAY OF TRACKING ALL ACCOUNTING AND BUSINESS…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: Describe about the Enterprise Resource Planning. What are its objectives?

A: Enterprise Resource Planning:   It refers to a framework within an organization where the management…

Q: Give an example of a system development life cycle flow chart?

A: The SDLC, or system development life cycle, seems to be fundamentally a project management paradigm.…

Q: Briefly describe the key elements of an operating plan

A: An operational plan is an everyday objective planned to achieve the decisions made in the strategic…

Q: Describe the usefulness of a conceptual framework.

A: A conceptual framework can be defined as a system of ideas and objectives that lead to the creation…

Q: Explain an example of internal users.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Explain how copmany approch to planing and its mission can be translated inti action plans

A: Planning: Planning refers to the process which helps in bridging the gap between the point the…

Q: Describe the process of transaction analysis.

A: Process of Transaction analysis: The process of transaction analysis involves the selection of…

Q: What do the relational features restrict, project, and join mean?

A: Database Management: Database management refers to management of databases held within an…

Q: Explain Management’s discussion and analysis.

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Q: Define agent

A: Introduction: An agent is a party that has oral or written authority to perform for another…

Q: Describe recognition and measurement concepts.

A: Accounting concepts:   Accounting concepts are referred to the bask assumptions, principle and rules…

Q: Explain an example of internal events.

A: An Accounting event is a transaction that is recorded in the books of accounts of the company. There…

Q: necessary in the AIS

A: The Importance of Accounting Information Systems in the Accounting Curricula:    Research regarding…

Q: what is the difference between internal and external users of information, their needs and demands…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: List the steps involved in view integration.

A: View Integration: Single model which is created for integrating multiple REA diagrams to provide a…

Q: How are management’s actions incorporated in EVA and MVA? How are EVA and MVAinterconnected?

A: Economic added value (EVA) is a measured cash-deductible reduction of capital costs of a firm's…

Q: What is an object, and what are its characteristics in the object-oriented approach? Give two…

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Q: Describe the connection between planning feedback, and controlling.

A: The management of the company is the main responsible for preparing the financial statements which…

Q: Describe the features of JIT.

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Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: describe the connection between the management process planning, feedback, controlling? take an…

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Q: List and describe the components of a SWOT analysis.

A: When an organization aims to study and understand the environment in which it operates, it performs…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: 1. Explain the Diagram provided below base on your understanding of the concepts of Auditing.…

A: Auditing means to check the actual facts and figure on the financial statements as per the standards…

Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

Q: Define a management control system and identify the issues involved with the design of a successful…

A: Management:   It is a set of activities likes planning, organizing, controlling the human resources…

Q: Can services be delivered by means of process operations? Support your answer with an example.

A: Process Costing: Process costing is a method of cost accounting in which all the costs that are…

Q: Define simulation analysis

A: The Simulation Analysis is a method for analysis, wherein the infinite number of calculations are…

Q: Discuss both internal and external factors affecting the ITP systems.

A: Internal Factors:1)Internal Social EnvironmentProblems with transfer pricing exist only inside a…

Q: Explain an example of external events.

A: Accounting event is a transaction that is recorded in the books of accounts of the company. There…