Types of Information Systems Are Generally Classified as Either Operations

question 88

Short Answer

Types of information systems are generally classified as either operations information systems or _______________ information systems.

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Definitions:

Line-by-Line Method

An approach in preparing consolidated financial statements where the income and expense items of the parent and subsidiary are added together line by line.

Proportionate Consolidation

A method of accounting where a parent company includes its share of the subsidiaries' revenues, expenses, assets, and liabilities in its financial statements proportionately.

Line-by-Line Method

A method of consolidation where the parent company's and its subsidiaries' financial statements items are added together line by line.