________ Is a Mechanism for Pulling Data from Source Systems

question 32

Short Answer

________ is a mechanism for pulling data from source systems to satisfy a request for information. It is an evolving tool space that promises real-time data integration from a variety of sources, such as relational databases, Web services, and multidimensional databases.

Differentiate between company book adjustments and bank statement adjustments for specific transactions.

Analyze and construct bank reconciliations using adjustments for outstanding checks, deposits in transit, NSF checks, bank service charges, and other discrepancies.

Understand and apply the concept of interest revenue adjustments in bank reconciliations.

Recognize and define the five elements of internal control.

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Definitions:

Average Accounting Rate of Return

A financial ratio that measures the expected return on an investment based on its net income and initial cost.

Straight-Line Depreciation

An arrangement for allocating the cost of a tangible asset over its duration of usefulness in identical annual segments.

Discount Rate

The interest rate charged to commercial banks and other depository institutions by the central bank for loans received from the central bank's discount window; it is also used in discounted cash flow analysis to determine the present value of future cash flows.

Payback Period

The duration required for an investment to recoup its initial outlay in terms of profits or savings.