Many Accounting Systems Require _____ Reports and Structural Changes to Keep

question 36

Short Answer

Many accounting systems require _____ reports and structural changes to keep up with changes to the company;thus,accountants need to be familiar with database management.

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Definitions:

Ethics

The standards of conduct by which actions are judged as right or wrong, honest or dishonest, fair or not fair.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenues, indicating the company's profitability.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period, including operating and non-operating expenses.

Total Revenues

The complete amount of income generated by a business through its activities, before any costs or expenses are deducted.