What is the difference between general controls and application controls?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
General controls are internal controls that apply overall to the IT accounting ...View the full answer
Answered By
Wonder Dzidzormenu
As a professional accountant and a teacher, I explain account ing concepts in a more practical way that makes students more connected to the subject.
With over 10 years of teaching accounting , I offer a well constructed , easily understood and in-depth explanations to students questions.
5.00+
1+ Reviews
10+ 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?
-
Giroud plc is considering two alternative investment opportunities. Each of the two projects has an expected life of five years and requires an initial investment of $100,000. A feasibility study...
-
Selling price = $1,980; cost = $795. Find the rate of markup based on the selling price.
-
Let Yi = a + bxi, i = 1, 2, .. , n, where a and b are nonzero constants. Find the relationship between x and y, and between sx and sy.
-
Use the equation (17.19) suggested by Pai for the turbulent stress and integrate for the velocity profile. How do the results compare with that of Prandtl? = 0.9835 H+ (1-#)['-(1-#)'] (17.19) H+
-
The retained earnings account for Carlitos Inc. shows the following debits and credits. Indicate all entries required to correct the account. What is the corrected amount of retainedearnings?...
-
A ball of mass 0,5 kg is projected vertically downwards from a height of 1,8 m with an initial velocity of 2 m.s1. The ball hits the ground and bounces two times. The position-time graph for the...
-
Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed on the following page are the name, number of allowances claimed, marital status, information from time cards on hours worked...
-
Ethical dilemma involving charitable fundraiser. Required: a. Do you think Evans actions were justified? b. What internal control activities could the fraternity have implemented in order to prevent...
-
What is two-factor authentication with regard to smart cards or security tokens?
-
A monopolist faces the following demand and cost schedules: a. How much output should the monopolist produce?b. What price should the firm charge?c. What is the maximum amount of profit that this...
-
Food sales are $82,800 and Beverage Sales are $36,900. If food cost % is 32% and Beverage cost % is 25%, Calculate Gross Profit?
-
Are there similar financial institutions to Raven Indigenous Capital Partners in Australia? If so, are they also pursuing impact investing to provide finance to Australian Indigenous entrepreneurs?...
-
A bank will return $2345 on a 10-yr certificate of deposit that originally cost $1000. What interest rate, compounded annually, is the bank paying? (ans % to two decimal places) Your Answer: Answer...
-
1) Calculate a forward Exchange rate 2)Calculate the CDN $ proceeds Export Euros 6,000,000 Canada Interest rate 3% per annum (365 day year) France Interest Rate 2% per annum Spot Rate 1.35000...
-
As the leader of your business performing managerial functions in your company, how will you hire employees? Explain some things you might like to know about employees who are prohibited by law from...
-
A 20X objective and 10x eyepiece give an angular magnification of 200x when used in a microscope with a 160 mm tube length. What magnification would this objective and eyepiece give if used in a...
-
In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...
-
What are the two ways in which the impulse exerted on something can be increased?
-
Below are some typical transactions incurred by Kwun Company? 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers. 4. Sale of land...
-
The general ledger of Sanchez Company contained the following Accounts Payable control account (in T-account form). Also shown is the related subsidiary ledger. Instructions(a) Indicate the missing...
-
Selected accounts from the ledgers of Lockhart Company at July 31 showed the following. InstructionsFrom the data prepare:(a) The single-column purchases journal for July.(b) The general journal...
-
A client required an IP address from DHCP server, please list the steps of the DHCP process?
-
Bijan's pipelined processor features separate instruction and data caches. The instruction cache (I-cache) has a single level and the data cache (D-cache) has two levels, as shown in the figure...
-
Peter opened a brokerage account to sell short 1,200 shares of Carb Farm stock at the current market price of $160 per share. The brokerage firm charges 12% per annum on the margin loan. a. Suppose...
Study smarter with the SolutionInn App