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You are consulting for the information technology division of a state university to guide and facilitate the design of a new system for handling college applications,which has previously been handled entirely with a paper-based process.They would like to set up a system by which prospective students can apply online.Describe in detail their first steps and any studies they should perform before designing the new information system.
IFRS 8
An International Financial Reporting Standard that requires particular types of companies to disclose information regarding their operating segments, products and services, and geographical areas of operation.
Geographic Areas
Refers to specific locations or regions in which a company operates, often used for segment reporting or analyzing market performance.
Operating Segments
Components of a business that engage in distinct economic activities, generating revenues and incurring expenses, whose results are reviewed regularly by the entity’s decision-makers.
Consolidated External Revenues
The total revenue generated by a parent company and its subsidiaries, excluding transactions among them, reported in the consolidated financial statements.
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