Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Page 628 Of / 16 FIGURE 165 General Ledger and Business Reporting Pearl Data Flow Ding Various Various der PIDE Vatte event updates Validated business

image text in transcribedimage text in transcribed

Page 628 Of / 16 FIGURE 165 General Ledger and Business Reporting Pearl Data Flow Ding Various Various der PIDE Vatte event updates Validated business event updates Post event Ceneral ledger Record Prepare business Adjusting entry joumal vouchers GAAP-based financial stan NOTES O Feeder systems include those from application Chapters 10-15 Various external Transaction updates include those discussed in the other apciication chapters plus investing ansaction and financing transaction updates from Do c Get Homework Help With Cheo X + 0807/assignments/6081715 (Note: The first of these is explicitly stated in the textbook, and the second is a very basic entry that you should be able to use common sense to come up with based on the nature of the transaction) Question 2 (4 pts) Please refer to page 628, Fig. 16.5, which depicts the Level O DFD for the GL/BR business process, Notice that the "Various feeder processes" source symbol in the top left leads to a process bubble labeled "10 Validate business event updates". These business event updates include those we have studied in Chapters 10, 11, 12 and 13 along with updates from areas such as payroll, production (if a manufacturing facility), etc. that we have not studied (and you are not responsible for). 1. Briefly explain how the need to validate business event updates (process bubble 10) prior to posting the event data (process bubble 2.0 in the same diagram) in cases involving multiple similar transactions (e.g., daily cash receipts) lends itself to the use of a "periodic" processing mode as first described in Chapter 3. 2. In general, what type of accounts are event data "posted" to? (Hint: this was also first noted in Chapter 3). Question 3 (3pts) Page 628 Of / 16 FIGURE 165 General Ledger and Business Reporting Pearl Data Flow Ding Various Various der PIDE Vatte event updates Validated business event updates Post event Ceneral ledger Record Prepare business Adjusting entry joumal vouchers GAAP-based financial stan NOTES O Feeder systems include those from application Chapters 10-15 Various external Transaction updates include those discussed in the other apciication chapters plus investing ansaction and financing transaction updates from Do c Get Homework Help With Cheo X + 0807/assignments/6081715 (Note: The first of these is explicitly stated in the textbook, and the second is a very basic entry that you should be able to use common sense to come up with based on the nature of the transaction) Question 2 (4 pts) Please refer to page 628, Fig. 16.5, which depicts the Level O DFD for the GL/BR business process, Notice that the "Various feeder processes" source symbol in the top left leads to a process bubble labeled "10 Validate business event updates". These business event updates include those we have studied in Chapters 10, 11, 12 and 13 along with updates from areas such as payroll, production (if a manufacturing facility), etc. that we have not studied (and you are not responsible for). 1. Briefly explain how the need to validate business event updates (process bubble 10) prior to posting the event data (process bubble 2.0 in the same diagram) in cases involving multiple similar transactions (e.g., daily cash receipts) lends itself to the use of a "periodic" processing mode as first described in Chapter 3. 2. In general, what type of accounts are event data "posted" to? (Hint: this was also first noted in Chapter 3). Question 3 (3pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Stuart Manson

3rd Edition

1861529465, 9781861529466

More Books

Students also viewed these Accounting questions

Question

Compute the inverse of:

Answered: 1 week ago

Question

How do you add two harmonic motions having different frequencies?

Answered: 1 week ago

Question

Describe the options and trends in management education

Answered: 1 week ago