In__________,data Can Be Accessed Directly from Operational Databases and All

question 53

Multiple Choice

In__________,data can be accessed directly from operational databases and all transactions are processed as soon as they occur.

• A)batch processing
• B)online analytic processing (OLAP)
• C)online transaction processing (OLTP)
• D)POS processing

Comprehend the requirements and methods for accounting for donated goods and services in not-for-profit organizations.

Identify the purposes of using an encumbrance system in budgeting and accounting for not-for-profit entities.

Apply knowledge of differences between not-for-profit organizations and business enterprises in financial reporting.

Analyze specific situations for not-for-profit organizations and recommend appropriate accounting treatments.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition.

Worksheet

A worksheet is a document or a digital spreadsheet used for organizing, calculating, and analyzing data, especially for tasks involving financial information or planning.

Unpaid Wages

Amounts due to employees for work performed that have not yet been paid by the employer, representing a liability for the company.

Overstatement

The act of reporting financial data more positively than is accurate, leading to a portrayal of a stronger financial position.