Which of the Following Is True of Outputs in an Accounting

question 9

Multiple Choice

Which of the following is true of outputs in an accounting information system?

• A)In a manual system,reports and financial statements can be created using Word documents,Excel spreadsheets,or PowerPoint.
• B)In a computerized system,the software can generate reports instantaneously that cannot be formatted.
• C)Examples of outputs in an accounting information system include purchase invoices,bank checks,and sales invoices.
• D)Since the output in an accounting information system is audited and error-free,it provides the evidence and data for accounting transactions.

Analyze the impact of changes in costs, sales, and assets on ROI.

Understand the role of budgetary control in managing financial performance.

Apply management by exception in financial analysis and decision-making.

Prepare and utilize flexible budgets to anticipate changes and adjust for various levels of operation.

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for overall operations and decision-making.

Mission

The fundamental objective or purpose of an organization, embodying its values, goals, and aspirations.

Alignment Map

A visual or conceptual representation used to analyze and align an organization's goals, processes, and resources with its strategic objectives.

Leadership Fit

The degree to which an individual's qualities and leadership style align with the needs and culture of an organization or team.