Internal Controls That Apply to Computerised Accounting Systems Include Which

question 56

Multiple Choice

Internal controls that apply to computerised accounting systems include which of the following?
I Passwords
II Back ups
III Computer viruses
IV Programming controls

• A) I, II, and III
• B) I, II and IV
• C) I, III and IV
• D) II, III and IV

Understand the objectives and implementation of internal control systems.

Identify and apply adjustments for bank statement and company books in bank reconciliations.

Recognize elements of internal control, including information and communication, control procedures, and monitoring.

Differentiate between company book adjustments and bank statement adjustments for specific transactions.

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Definitions:

Number Of Operators

The total count of individuals or machines operating within a given process or system at a specific time.

Number Of Complaints

A quantitative indicator of customer dissatisfaction, measuring how many complaints a business or organization has received.

Factory Overhead Cost Budget

A financial plan outlining the expected indirect manufacturing costs, including utilities, maintenance, and depreciation.

Total Variable Cost

The sum of all costs that vary directly with the level of production or output, such as raw materials and direct labor.