One of the Advantages of a Computerized Accounting System Is

question 12

True/False

One of the advantages of a computerized accounting system is that the computerized system eliminates the need for internal controls.

---

Definitions:

Wilcoxon Signed Rank

A nonparametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Normal Approximation

A method used to approximate the distribution of various statistics to a normal distribution under certain conditions, particularly useful for large sample sizes.

Nonparametric Test

Statistical tests that do not assume a specific distribution for the data, often used when data doesn’t fit normal distributions.

Nonparametric Method

A type of statistical analysis that does not assume a specific distribution for the data, often used when data doesn't fit normal distribution assumptions.