<em>Listed below are five (5) risks to accounting information systems:
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<em>1. Authentication risk - when you are working with systems, it is really important to keep authentications and log in materials in safety. Just make sure that nobody will know your log in credentials. You cannot trust anybody either no matter how close you are. Accounting systems holds confidential information thus, you cannot rely on trust alone.
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2. Security risk - You must also sure that all the person or authorized personnel doesn't leave a copy of the system files anywhere in their personal storages like phones, flash drives, emails etc. Data in the system should be remained in the system. </em>
<em>3. Connectivity risk - system that has multiple users need communication and connections. System cannot work if connection has been interrupted and terminated. You should ensure that all hardware related to connections are working from time to time.
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4. Data privacy risk and concerns - customers are sometimes asking where are their information are stored and how do the company used these information. Companies must be ready to provide privacy documents to make the customer understand on what is happening on their stored information. </em>
<em>5. Compatibility risk - system doesn't always work with all platforms, devices, media and software. Organizations must be aware on what is best the version of phones, desktops, operating systems to use in able for their system to run smoothly.</em>
Answer & Explanation:
In terms of completion of goals, the key difference between strategic aim and SWOT is the time-frame.
In this case, the strategic goal is future-oriented and long-term (around 10-20 years). The strategic goal is simply to make sure that the whole enterprise, in order to meet potential business demand, works on forecasting consumer demand in the future, reinforcing and enhancing its core competences.
On the other side, in implementing the corporate goals and achieving success, SWOT has a short-term outlook. In this context, SWOT focuses on current data and knowledge, such as specific expertise, current business demand and satisfying this need.
Answer: Option A
Explanation: In simple words, present value refers to the value of future cash flows in the present time in respect to monetary terms. It is calculated by discounting back the future cash flows with the current interest rate in the market.
Thus, if the interest rate declines in the market the value will be greater as the discounting factor will be smaller.
Hence the correct option is A .
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
Answer:
supplies expense for August = $2811
Explanation:
given data
August 1 supplies on hand = $1,025
August purchased = $3,110
August 31 supplies on hand = $1,324
solution
we get here supplies expense for August that is express as
supplies expense for August = August 1 supplies on hand + August purchased - August 31 supplies on hand .............1
put here value
supplies expense for August = $1,025 + $3,110 - $1,324
supplies expense for August = $2811
