Question
3. Describe various methods visual aids are used in accounting and business. What is a method or a visual you could provide a client to
3. Describe various methods visual aids are used in accounting and business. What is a method or a visual you could provide a client to show risks you identified in the steps you completed above? For instance, tableau, excel, etc. What would the visual aids tell the audience? You will need to complete some independent research regarding this question. You can look up big data tools for accounting as a starting point. (15 points) -- For 15 points, you must 1) explain the purpose and different ways visual aids are used in accounting as well as various software that enables the creation of the visuals. 2) Explain and understand why they are used. 3) Provide an explanation of what type of visual aid you could provide regarding this project and what it would tell the audience. 4. Discuss and provide support how you could determine whether the general ledger dump is complete? Is the data provided to you complete? (15 points) -- To earn 15 points the following would need to be addressed: 1) Answer the question in full. 2) Provide a discussion regarding how to determine the data is complete and accurate. This should include mentioning the double entry system and the accounting equation as well as the reconciliation of the activity of the g/l dump to the change in trial balance. To receive full credit you will need to include/discuss three different visual aids. Seeking out external references will also be necessary to receive full credit. Searching visual aids and data analytics is an efficient way to identify relevant sources to cite in your answer.
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