Implementation Controls

question 11

Multiple Choice

Implementation controls:

• A)can be classified as input controls,processing controls,and output controls.
• B)govern the design,security,and use of computer programs and the security of data files in general throughout the organization.
• C)apply to all computerized applications and consist of a combination of hardware,software,and manual procedures that create an overall control environment.
• D)include software controls,computer operations controls,and implementation controls.
• E)Audit the systems development process at various points to ensure that the process is properly controlled and managed.

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Definitions:

Owner's Capital Account

Represents the total equity or net worth of an individual owner in a company, detailing the contributions, earnings, and withdrawals of the owner.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss for the period.

Recording Process

The systematic method of capturing and documenting financial transactions in the accounting records of an entity.

Transactions

The actions or activities conducted by individuals or entities involving the exchange of goods, services, or financial assets.