Which IT Professionals Typically Create the Design for the Accounting

question 20

Multiple Choice

Which IT professionals typically create the design for the accounting database?

• A)Database developers
• B)System analysts
• C)Database designers
• D)Network specialists

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Definitions:

Aging of Receivables Method

An accounting technique used to estimate the amount of and provision for doubtful accounts by categorizing receivables according to the length of time they have been outstanding.

Direct Write-off Method

An accounting method in which uncollectible accounts receivable are directly written off against income at the time they are deemed irrecoverable.

Aging Report

A financial report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.

Balance Sheet

A balance sheet is a financial statement that portrays a company's financial position at a specific point in time, listing assets, liabilities, and shareholders' equity.