What is the difference between general controls and application controls?
Question:
What is the difference between general controls and application controls?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
General controls apply overall to the IT accounting syst...View the full answer
Answered By
William Otieno
I am a professional tutor and a writer with excellent skills that are important in serving the bloggers and other specialties that requires a great writer. The important aspects of being the best are that I have served so many clients with excellence
With excellent skills, I have acquired very many recommendations which have made it possible for me to survive as an excellent and cherished writer. Being an excellent content writer am also a reputable IT writer with essential skills that can make one turn papers into excellent result.
4.70+
83+ Reviews
354+ Question Solved
Related Book For
Accounting Information Systems The Processes and Controls
ISBN: 978-1118162309
2nd edition
Authors: Leslie Turner, Andrea Weickgenannt
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between general controls and application controls?
-
Is it necessary to have both general controls and application controls to have a strong system of internal controls?
-
What is the difference between saturated liquid and compressed liquid?
-
Define variable. Also discuss variable initialization.
-
Show how the formulas I = PRT and MV = P + I lead to the formula MV = P(1 + RT).
-
What is a debt guarantee and how does the SBA back a small business loan?
-
A food processor claims that at most \(10 \%\) of her jars of instant coffee contain less coffee than claimed on the label. To test this claim, 16 jars of her instant coffee are randomly selected and...
-
Calculate the magnitude and direction of the net gravitational force on the moon due to the earth and the sun when the moon is in each of the positions shown in Fig. 12.32. (Note that the figure is...
-
What is Stock X's geometric returns if it has the following returns? Year 1 8% Year 2 -5% Year 3 10% Year 4 -6% Year 5 15%
-
1. How will you characterize Tupperwares distribution strategy in relation to the theoretical models? 2. What are the advantages and disadvantages of Tupperwares distribution model? 3. How do you...
-
Explain the differences between a field, a record, and a file.
-
Explain a supply chain linkage and give an example.
-
Blumen Textiles Corporation began April with a budget for 90,000 hours of production in the Weaving Department. The department has a full capacity of 100,000 hours under normal business conditions....
-
You will be performing the analysis from the perspective of an investor who is 25 years from retirement and the investor's income is greater than living expenses. The investor has a liquid net worth...
-
Net Present Value (NPV) is widely considered a reliable investment evaluation tool, but there are other investment rules like payback period, internal rate of return (IRR), and profitability index...
-
A bond has 15 years left to maturity. If the required rate of return for bond investors for this type of bond is 4.99%, what would be the value of the bond given that the bond pays 10% coupon per...
-
2. Design a Read Only Memory (ROM) to implement the following polynomial A 3(2x+1), with input (x): 0(x) 7 (a) What is the size of the initial (unsimplified) ROM? (b) What is the size of the final...
-
What is the company's pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the tax rate is 21percent, what...
-
The frequency of a light wave in air is 5.3 X 10 14 Hz. Is the frequency of this wave higher, lower, or the same after the light enters a piece of glass?
-
Identify the source of funds within Micro Credit? How does this differ from traditional sources of financing? What internal and external governance mechanisms are in place in Micro Credit?
-
Why is having a large surface area important for effective gliding?
-
A taxpayer sells a warehouse for a recognized gain. Depreciation had been properly claimed on the property, based on the straight-line method over a 39-year recovery period. Will the same amount of...
-
Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...
-
Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, which is in the 25% marginal bracket, owns 15% of Marmots stock. Gerald, an individual taxpayer in the 25%...
-
determine how you could check the numbers in the financial report are correct for cash at bank?
-
How and when are allowances formalized into the contract? NOTE: As time went on, the contractor used creative accounting and charged all sorts of marginal costs against the allowances. Is this legal...
-
During the current fiscal year, a company made the following expenditures: Spent $64,928 to overhaul a machine. The overhaul enabled the machine to produce more products per hour than it previously...
Study smarter with the SolutionInn App