The System Analysis Concludes with a Formal System Analysis Report

question 53

Multiple Choice

The system analysis concludes with a formal system analysis report that includes ____.

• A) identification of the strengths and weaknesses of the existing system
• B) functional requirements for the new system
• C) organizational requirements for the new system
• D) all of the above

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Definitions:

Expenses

Costs incurred in the process of generating revenue, typically categorized as operational costs like rent, salaries, and utilities.

Withdrawals

Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.

Owner's Equity Statement

A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.

Worksheet

A document used by accountants to organize and summarize financial information for the preparation of financial statements.