What Is Alignment in the Context of the Information Systems

question 39

Essay

What is alignment in the context of the Information Systems Strategy Triangle and why is it important for a business to be in alignment?

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Definitions:

Adjusting Entry

An accounting process used to allocate expenses and revenues between periods according to their occurrence and realization, ensuring that financial statements accurately reflect the financial position of a company at the end of an accounting period.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Interest Note

A promissory note that includes terms for interest payments in addition to the principal amount loaned.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond.