Nishant Kumar Has Been Hired by American Manufacturing as a Staff

question 29

Multiple Choice

Nishant Kumar has been hired by American Manufacturing as a staff accountant in the internal audit department.He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls.He decides to begin with a description of the information stored in paper records,their sources,and their destinations.The documentation tool that he should employ for this purpose is a

• A) data flow diagram.
• B) document flowchart.
• C) system flowchart.
• D) program flowchart.

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Definitions:

Dual Federalism

A political arrangement in which state and federal governments are seen as co-equal sovereigns with separate and distinct areas of jurisdiction, often referred to as "layer-cake" federalism.

Maturity Risk

is the risk associated with the time until a financial instrument reaches its maturity, affecting interest rate exposure and investment valuation.

Time To Maturity

The duration remaining until the final payment date of a financial instrument, such as a bond, at which point the principal is supposed to be paid back to investors.