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Research Has Shown That the More Successfully a Firm Can

question 73

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Research has shown that the more successfully a firm can align its IT with its business goals,the more profitable it will be.What practical steps should a firm use in aligning IT with its goals?


Definitions:

Compound Entry

A type of journal entry in accounting that involves more than two accounts, with multiple debits, credits, or both.

Journalizing

The process of recording business transactions in the journal of accounting as part of the double-entry bookkeeping system.

Simple Entry

A journal entry that involves only two accounts.

Chart of Accounts

An organized list of all the accounts in a company’s general ledger used for recording financial transactions.

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