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damaskus [11]
4 years ago
13

Internal control in technologically advanced accounting systems depends more on the design and operation of the information syst

em and less on the analysis of its resulting documents. (T/F)
Business
1 answer:
QveST [7]4 years ago
6 0

Answer:

The answer is T that is  (True)

Explanation:

First of all, we need to understand that internal control in technology advanced accounting system are designed policies and procedures integrated into the system to give it integrity and reliability.

The purpose are mainly to curb but not limited to issues like fraud, generating timely and effective reporting, reassuring investors, give a forensic over view of business operation success and proactively identify financial challenges.

The internal controls in advanced accounting can either be preventative, consequentially deterring fraud and mistakes, or detective, consequentially identifying challenges after they have occurred

This two aforementioned objective of the internal control in technology advanced accounting are embedded in the design and operation of the system stage, thereby confirming the statement to be true that Internal control in technologically advanced accounting systems depends more on the design and operation of the information system and less on the analysis of its resulting documents

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Some countries use market-based systems to help control access to fisheries. One such program is the
klasskru [66]

Answer:

individual transfer rights system.

Explanation:

Some countries use market-based systems to help control access to fisheries. One such program is the individual transfer rights system.

An individual transfer rights (ITR) system can be defined as a system in which the government of a particular country gives each fishing vessel or owner a specific percentage of the total fish allowable to be caught each year.

7 0
3 years ago
Which of the following is true about a "debit"? a) It is part of the double-entry procedure that keeps the accounting equation i
Alex787 [66]

Answer:

The correct answers are A, B and C.

Explanation:

The word debit refers to debt, that is, at the request of accounting, it includes that numerical entry that is made in the account, in the "must", that is, on the left side and that represent assets or rights owned by the person or the company in question. It can increase the balance of a liability, or failing that, implies a decrease in the balance of an asset.

5 0
4 years ago
Cost assignment ________. Group of answer choices includes future and arbitrary costs encompasses allocating indirect costs to a
Vika [28.1K]

Answer:

encompasses allocating indirect costs to a cost object

Explanation:

Cost assignment -

It refers to the distribution of the cost in various objects and activities which initiate the proper bifurcation of the costs , is referred to as cost assignment .

The method is used in the activity - based costing .

It is also known as cost allocation .

All the direct and indirect cost are allotted with the help of cost assignment .

Hence , from the given information of the question ,

The correct answer is -

encompasses allocating indirect costs to a cost object .

4 0
3 years ago
The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. investm
Katen [24]

Answer:

The correct answer is productive capacity; real assets

Explanation:

Wealth is the abundance of material and immaterial resources, also collective possession - social or national wealth - or individual possession - personal wealth - of financial assets and assets, usually specified in property form (movable and immovable property). It can be studied from the anthropological, sociological, economic or even moral point of view, and its meaning can only be fully understood with respect to the human being and the opposite concept of poverty.

The wealth of nations can be measured by GDP, that of individuals by per capita income. Poverty is the opposite of wealth. When wealth accumulates in a few people, economic inequality is generated.1 Personal wealth is obtained, lawfully or illegally, by inheritance and accumulation of capital.

3 0
3 years ago
It has been about 10 years since the BP oil spill that rocked the Gulf of Mexico. BP has launched a number of campaigns to reest
hichkok12 [17]

Answer:

environmental monitoring

Explanation:

Environmental monitoring is referred to the basic study where all the environmental factors are studied like, land, soil, water, etc: So that the level of contaminants can be verified. This basically leads to the analyses of the concerned environment over certain period, as this is done for a period of time.

In the given instance also the event took place around 10 years ago, now environmental monitoring done will provide the details of contaminants in that environment.

7 0
3 years ago
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