Database Management Systems Are Important to Accountants Because

question 64

Multiple Choice

Database management systems are important to accountants because:

• A)They automate file storage tasks and enable managers to generate worthwhile financial reports
• B)They eliminate data redundancy
• C)They are unique data structures which accountants have never used before
• D)They are easy to develop and therefore save money
• E)They are energy efficient

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Definitions:

Wages Owed

Represents the total amount of wages that a company owes to its employees for work performed but not yet paid.

Future Cash Payment

A predicted outgoing payment that a company or individual is expected to make, often related to loans, contracts, or other financial obligations.

Unearned Subscriptions

Income received in advance for subscriptions that have not yet been fulfilled or services that have not yet been provided.