In a Computerized Accounting System, a Work Sheet May Be

question 118

True/False

In a computerized accounting system, a work sheet may be necessary because the software program automatically posts entries to the accounts and prepares financial statements.

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Definitions:

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.

Decision Rights

The authority to make decisions on specific matters within an organization, often delineated by roles, responsibilities, or hierarchy.

Relevant Information

Relevant information consists of data and insights that are directly applicable and useful for making decisions or performing analyses in a specific context.

Decentralized

The distribution of functions and powers away from a central location or authority.