Describe the Characteristics of Dirty Data

question 98

Essay

Describe the characteristics of dirty data.Explain three negative consequences of dirty data.What is the general formula showing the costs of poor quality data?

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Definitions:

Allowance for Doubtful Accounts

An estimation of the accounts receivable that may not be collected due to customer defaults.

Statement of Financial Position

The statement of financial position, often called a balance sheet, is a financial report that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Current Liabilities

Obligations or debts that a company must pay within a year.

Normal Balance

the side (debit or credit) on which increases to an account are recorded, based on the type of account (asset, liability, equity, revenue, or expense).