The _____ Usually Begins with a Formal Request to the IT

question 79

Multiple Choice

The _____ usually begins with a formal request to the IT department,called a systems request,which describes problems or desired changes in an information system or a business process.

• A) systems design phase
• B) systems planning phase
• C) systems support and security phase
• D) systems analysis phase

---

Definitions:

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.

Cash

Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.

Adjusting Entries

Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.

Balance Sheet Accounts

Accounts appearing on the balance sheet, representing a company's assets, liabilities, and equity at a specific point in time.