Kristin, a Systems Analyst, Needs to Know Detailed Information About

question 50

True/False

Kristin, a systems analyst, needs to know detailed information about the accounts receivable process, but she is not concerned with accounts payable or general ledger, or the integration of this information. Her analysis will assist her in designing a To-Be system for the accounts receivable department. The appropriate requirements-gathering technique to be used would be interviewing.

---

Definitions:

Investment Account

A financial account held at a financial institution that holds securities, such as stocks or bonds, for investment purposes.

Goodwill Impairment

An accounting charge that companies record when the value of goodwill on the balance sheet exceeds the tested fair market value.

Reporting Units

Components of a business entity for which discrete financial information is available and is reviewed by the entity's management.

Intangible Assets

Assets that do not have physical substance but provide economic benefits to the owner, such as patents, trademarks, and goodwill.