What BI Tools Are Required Depends on How the Data

question 10

Essay

What BI tools are required depends on how the data is currently managed and how it is to be analysed.BI software can be divided into three broad application categories;namely,data management tools,data discovery applications and reporting tools.What value can they potentially add to a business?

Understand the various types of malicious software and their impacts on computer systems.

Recognize and describe different types of cybercrimes and cyber scams.

Identify measures to protect computer systems from cybersecurity threats.

Distinguish between ethical (white-hat) hackers and other types of hackers.

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Definitions:

Adjusting Entry

A journal entry made in the accounting records to update the balances of certain accounts and accurately reflect the financial position before preparing financial statements.

Bad Debt Expense

An expense reported on the income statement, reflecting the cost of accounts receivable that are not expected to be collected.

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and adjust for bad debts.

Direct Write-Off Method

An accounting practice that involves directly writing off an outstanding receivable if deemed uncollectible, impacting earnings directly.