What are the three steps of controlling?

Q: What are the objectives of the internal control?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Along what two dimensions can we classifytrading procedures?

A: Trading procedures: It is the methods and available venues from where trading (Buying and selling of…

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: What are the four broad objectives of internal control?

A:

Q: What are the five control implications of distributed data processing?

A:

Q: What are the three components of 'privacy'?

A: This question explains about  the three components of 'privacy:

Q: What are the three most common forms of responsibility centers?

A:

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: What are the five components of internal control? Briefly explain each component.

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: What are five common internal control principles?

A: Controlling is one of the main managerial functions of any organisation. Managerial functions are…

Q: What are the four modifying assumptions that guide designers and auditors of internal control…

A:

Q: What are the five components of Internal Control?

A: Five components of internal control are: Control environment - It refers to top management attitude…

Q: Explain the three authorized controls

A:

Q: What are the three authorization controls?

A: In accounting and auditing, the term internal control indicates to a set of measures intended to…

Q: What are the five components of internal control? Briefly explain each component?

A: The components of internal controls are explained below :

Q: What are the 5 components of Internal Control?

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: What are the 3 objectives of Internal Control?

A: Internal controls:                            It is a set of rules, policies and procedures adopted…

Q: Controls are classified as general as well as application. Discuss, using appropriate examples, any…

A: Internal Controls: Internal controls are the safeguards put in place within an organization to…

Q: Control is the process that includes the following except:

A: Control is checking current performance against pre-determined standards contained in the plans,…

Q: What are the categories of processing controls?

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: What is the objective of output controls? List and briefly describe different output controls.

A: Output control guaranteed that the program's result was precise and complete. Output control focuses…

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

A:

Q: What is the three-step process of controlling?

A: Introduction: Controlling is referred as terminal management function because it takes place after…

Q: List the three parts of a control system, and explain how such a system works.

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: What are the operating activities? Give some examples?

A: The statement of cash flows is the statement which shows the change in the cash and cash equivalents…

Q: What is the purpose of physical controls?

A: Internal controls are policies incorporated by the Management to safeguard the assets of the…

Q: What three types of objectives are the focus of internalcontrol?

A: Definition: Internal Control is a procedure that provides reasonable assurance that material…

Q: What are two approaches to conceptual systems design?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: What are the five control objectives of an operating system?

A:

Q: What are the components of the Control Environment?

A: Control environment refers to the set of policies, processes, standards, and actions of top-level…

Q: What is management by exception? Give three examples?

A: Management by Exception: Management by exception is the process of finding the deviations in the…

Q: What is the internal control principle?

A: Internal control means to control and check everything related to management. It ensures that the…

Q: What is a control account?

A: Control account: It is a particular account that is recorded in the general ledger in a summarized…

Q: = three types of controla

A: Control is an activity to monitor and direct the acts of others.

Q: What are the three primary CBIS functions that must be separated?

A:

Q: What are the three internal control objectives?

A: Internal control:  Internal control consists of policies and procedures to  achieve the objectives,…

Q: Give three examples of application controls.

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: What are the three types of enterprise?

A: Enterprise is a project, or willingness to take a new project, or business venture, or an…

Q: 2. What are the four purposes of internal control?

A: Internal Control: It  consists of all the methods and procedures adopted to assist in achieving the…

Q: What is a run-to-run control?

A: During computer processing, processing controls keep an eye on the quality of accounting results.…

Q: What are the three main tasks the operating system performs?

A:

Q: What are the five components of an internal control system?

A: An internal control system is referred to as a set of rules, guidelines, and policies that are…