Which of the following would not be considered internal users of accounting data for a company? a. The president of a company O b. The controller of the company c. Creditors of the Company d. Salesmen of a company
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- 5. Which of the following is not an internal user?a. Corporate officersb. Staff employeesc. Stockholdersd. Department manager 6. Which term describes management accounting reports?a. GAAP reportsb. Special purposec. General-purposed. Regulatory reportsThe first step in solving an ethical dilemma is to identify the alternatives. weigh the impact of each alternative on various stakeholders. O recognize an ethical situation and the ethical issues involved. O identify and analyze the principal elements in the situation.Which of the following is not a user of internal accountinginformation?a. Store manager.b. Chief executive offi cer.c. Creditor.d. Chief fi nancial offi cer.
- V5. Match the following ____ Complexity in business operations a. Management compensation ____ Timely information b . Accounting procedure that a company ____ Information for control and uses monitoring c. Current and predictive information ____ Differential information d. Need for more specific reports ____ Accounting Policies e. Substantive information that is not in the financial reports f. Financial information must be quantitative g. Financial information not useful in reportsManagement accounting information can be disclosed to outsiders O a . False O b . TrueWhich of the following users is not considered an internal user of accounting O a. An employee O b. A manager O c. A customer O d. A small business owner
- 48) Which of the following statement is not true about analyzing and recording process under accounting information system used in business? a. The source documents are not used to perform all these activities b. This process provides information in useful reports or financial statements to decision makers c. Business transactions summarized and financial statements are prepared d. It involves the identification of transactions, record and analyze them Clear my choiceExplanation of the accounting function in a company organization. What is the function's purpose, and why is it necessary? What kind of data does it provide?26 Who among the following is responsible for the preparation of financial statements of a company? a. TCWG b. None of the options c. Management d. Employee
- What is the relationship between Accounting and an Accountinginformation system? • What has happened to the relationship over the years? • What is accounting information? • Name 4 uses of Accounting Information? • Use an example to illustrate the difference between data,information, and intelligence? • Discuss security concerns related to shadow data and businessintelligence technologies. • Discuss the role of accounting professionals in thedevelopment of shadow data. System Documentation • What is system documentation? • Why is it important to know system documentation? • Explain the 4 elements that makes up the Data Flow Diagrams? • Give an example of who or when one of these documents may berequired • What are Flowcharts? • List an example of an Input/output, processing and storage Symbols • Differentiate between different types of Flowchart? • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and •…What impact do a company's activities and business sectors have on the accounting information system architecture?From a financial accounting perspective, the main purposes of a system of internal control are to improve the accuracy and reliability of accounting information and to safeguard assets. True or False True False G + 100% O