Identify and briefly explain the major differences in EDP controls in an online realtime system.
Question:
Identify and briefly explain the major differences in EDP controls in an online realtime system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In an online realtime system Electronic Data Processing EDP controls are critical for ensuring the accuracy integrity and security of data processed i...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Modern Auditing
ISBN: 9780471542834
5th Edition
Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler
Question Posted:
Students also viewed these Business questions
-
The divisional structure is often considered almost the opposite of a functional structure. Do you agree? Briefly explain the major differences in these two approaches to departmentalization.
-
The Internal Revenue Code allows a corporation to carry back or carry forward an operating loss for a given year. Required 1. Describe an operating loss carryback and a carryforward. 2. For a...
-
Question 4 4 pts What is the difference between Economies of Scale and Economies of Scope. Give an example of each. BIUA A TESNEN E I x 12pt Paragraph HTML Editor
-
To earn extra money, you and your friends decide to start a carwash. Based on some data you have collected, you predict that when you charge p dollar to wash and detail a car, you will have a demand...
-
What are the prerequisites for such a scheme to work successfully?
-
A hydraulic lift is used to raise an automobile of mass 1500 kg. The radius of the shaft of the lift is 8 cm and that of the piston is 1 cm. How much force must be applied to the piston to raise the...
-
Alvarez Manufacturing uses a job order cost accounting system. On Max 1. the company has a balance in Work in Process Inventory of \($3,200\) and two jobs in process: Job No. 429 \($2,000\), and Job...
-
A city levies a property tax that is restricted for future period payments of principal and interest on outstanding debt. The tax receipts are recorded in a debt service fund and are invested in...
-
McDonnell-Myer Corporation reported net income of $2,619 million. The company had 536 million common shares outstanding at January 1 and sold 60 million shares on February 28. As part of an annual...
-
Describe the primary techniques for testing OLRT systems.
-
Contrast testing by (a) parallel simulation, (b) test data, and (c) integrated test facility.
-
How are HTML elements and attributes represented in the JavaScript binding to DOM?
-
Sherburne Co. information of its Income statement of 2020 includes the following. Sales - $300000, CGS - $100000, S & A exp - $60000 (which includes Depreciation expense of $10000), Tax rate 20%,...
-
Describe a post that includes these components: Observation Go to or describe a public place you have been to and observe the people there for 25 minutes. What are the details of the location?...
-
Homophobia and Homonationalism: LGBTQ Law Reform in Canada Miriam Smith York University, Canada vs Max Weber, Talcott Parsons and the Sociology of Legal Reform: A...
-
A supplier informed the accounting department that they were paid $ 2 , 7 0 0 when the invoice was $ 3 , 0 0 0 . Upon investigation, it was confirmed that the correct amount of materials was received...
-
You are responsible for the preparation of the VAT returns of Pacman Traders. Pacman Traders uses the periodic inven- tory system. The following information for the month ended 30 April 20.3 is...
-
Determine the product of inertia for the area with respect to the x and yaxes. b h
-
Q1) What is the a3 Value Q2) What is the a7 Value Q3) What is the a4 Value Q4) What is the b3 Value Q5) What is the b2 Value Q6) What is the sign of 2nd constraint? A pastry chef at a bakery wants to...
-
Sports Hats, Etc. has two product lines-baseball helmets and football helmets. Income statement data for the most recent year follow: Total Baseball Helmets Football Helmets Sales revenue $460,000...
-
HDFS 3350 DJ Richards wondered if he had adequate life insurance for his family if he were to pass away. He decided to complete the Life Insurance Worksheet. His current yearly income is $38,400. He...
-
Reimel Furniture Company, Inc. incurred the following costs during 20x2. Direct material used Direct labor Manufacturing overhead $174,000 319,000 160,000 During 20x2, products costing $121,000 were...
Study smarter with the SolutionInn App