Design of an Accounting System Begins with The

question 113

Multiple Choice

Design of an accounting system begins with the:

• A)previous year's financial statements.
• B)use of a firewall.
• C)chart of accounts.
• D)opening trial balance.

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Definitions:

Autofilter

A feature in software that allows users to automatically filter data based on specific criteria to facilitate analysis.

Audit Trail Report

A record that shows who has accessed a company's system and what changes were made during that time.

Excel

A spreadsheet program developed by Microsoft, used for storing, organizing, and manipulating data, including numerical analysis, financial modeling, and charting tools.

Specific Percentage

A precise part or segment expressed as a fraction of 100, often used in financial calculations to determine interest, growth rates, or allocations.