Describe the steps in a manual accounting cycle.
Answer to relevant QuestionsFor each report below, indicate whether the report is likely to be for internal or external users (some reports may be both), and whether data would come exclusively from the general ledger. The format would be:How do other processes (revenue, expenditure, conversion) affect the general ledger?In an IT accounting system, which IT controls assure the security of the general ledger?Differentiate between a data warehouse and an operational database. Abylli Company does not use a database system; rather, it maintains separate data files in each of its departments. Accordingly, when a sale occurs, the transaction is initially recorded in the sales department. Next, ...
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