Both Systems Flowcharts and Data Flow Diagrams Can Be Used

question 29

Essay

Both systems flowcharts and data flow diagrams can be used to document accounting information systems.Explain two similarities of and two differences between the methods.

Identify different types of sales objections and strategies to handle them.

Recognize the importance of preparation and anticipating objections in sales presentations.

Distinguish between valid and invalid objections, and how to address them.

Learn techniques to respond and overcome objections during a sales presentation.

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Definitions:

Nonspendable

Funds that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Assigned

Assigned typically refers to the allocation or designation of tasks, resources, or responsibilities to a person or a team within an organization.

Restricted

Refers to assets or conditions that are limited in terms of access, use, or transferability due to legal, contractual, or regulatory requirements.

Modified Accrual Accounting

A method of accounting that recognizes revenues when they become measurable and available to finance expenditures of the fiscal period, and expenditures are recognized when the related fund liability is incurred.