Examlex
Which of the following is the most useful aid to the accountant in preparing closing entries?
Redundancy
In technology and engineering, redundancy refers to the inclusion of extra components that are not strictly necessary to functioning, aimed at increasing reliability of the system, typically in the case of a failure or fault.
Independence
The state or quality of being autonomous; free from external control or influence.
Master Data Management
A method of managing the organization's critical data to ensure consistency, accuracy, stewardship, and accountability across multiple systems and entities.
Data Governance
The management of data availability, usability, integrity, and security in an organization.
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